ESGold Secures C$9 Million Facility to Advance Quebec Gold-Silver Project

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has signed a binding term sheet with Ocean Partners UK Ltd. for a Prepayment and Working Capital Facility of up to C$9 million to support completion of its Montauban Gold-Silver Project in Quebec and provide working capital. The financing arrangement represents a crucial milestone for the fully permitted, pre-production mining company as it advances toward anticipated production in 2026.

The facility will be drawn in two tranches aligned with Phase 1 and Phase 2 production timelines, providing structured financial support throughout the project's development phases. This strategic financing approach ensures capital availability matches the project's evolving needs while minimizing financial risk. The full details of the arrangement are available in the company's official press release at https://ibn.fm/KKXwE.

Repayment of the facility will occur through doré deliveries under an offtake agreement that commits Ocean Partners to purchase 100% of Montauban's gold and silver output. This revenue-backed repayment structure provides financial stability while securing a guaranteed market for the project's future production. The financing remains subject to standard conditions and due diligence, reflecting typical industry practices for such substantial mining investments.

The Montauban Project represents a significant development in Quebec's mining sector, which continues to attract substantial investment due to its stable regulatory environment and rich mineral resources. ESGold's progress toward production aligns with growing global demand for precious metals amid economic uncertainty and inflationary pressures. The company's additional resources, including a 3D model of the Montauban processing plant, are accessible through their corporate website at https://RocksAndStocks.news.

This financing arrangement demonstrates continued investor confidence in North American mining projects despite broader market volatility. The partnership with Ocean Partners UK Ltd., an established player in the metals trading sector, provides ESGold with both capital and market access expertise. The company's dual-track strategy of pursuing immediate cash flow through projects like Montauban while advancing exploration opportunities in Colombia positions it for sustainable growth in the evolving mining landscape.

The successful implementation of this financing facility could serve as a model for other junior mining companies seeking to advance projects in challenging capital markets. As ESGold moves toward its 2026 production target, the mining industry will closely watch how this structured financing approach supports project development while managing risk in the capital-intensive mining sector.