ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has achieved a significant milestone in its transition to near-term production by entering into a definitive gold and silver dore purchase agreement with Ocean Partners UK Ltd. The agreement, announced in a recent press release, positions Ocean Partners to purchase 100% of dore production from ESGold’s flagship Montauban Project. In return, ESGold will gain access to a non-dilutive working capital facility of up to C$9 million, providing crucial funding as the company advances toward production.
ESGold’s CEO Gordon Robb emphasized the importance of this development, noting that it marks the company’s evolution from a development-stage entity to a near-term producer. “Ocean Partners is an internationally respected organization with extensive experience across metals trading, mine finance, and global mining operations,” Robb said. “Securing a definitive agreement with a group of this caliber significantly strengthens our production strategy and validates the progress our team has made behind the scenes.”
The Montauban Project, located in Quebec, is ESGold’s flagship asset and is currently under construction, with production anticipated in 2026. The company is fully permitted and fully funded, advancing a scalable clean mining model across North and South America. The dual-track strategy of cash flow today and discovery tomorrow is designed to build a platform for clean, sustainable growth and long-term shareholder value.
This agreement with Ocean Partners not only provides a guaranteed offtake for the dore production but also offers a non-dilutive financing source, which is critical for avoiding shareholder dilution while funding the project’s development. The working capital facility will support the company’s operational needs as it moves closer to production.
For more details on the agreement, readers can view the full article at https://ibn.fm/BX0GN. Additionally, the latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF.
The agreement with Ocean Partners underscores ESGold’s progress and validates the company’s strategy as it prepares to become a near-term gold and silver producer. With the financial backing and offtake secured, ESGold is poised to execute its production plans and deliver value to its shareholders.
