ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) has taken a significant step forward in advancing its Montauban Gold-Silver Project in Quebec by signing a C$9 million binding term sheet with Ocean Partners UK Ltd. This agreement bolsters the company's financial position, affording it flexibility as it continues to explore and develop the project. The term sheet guarantees a stable, long-term sales channel for all gold and silver dore produced at Montauban, creating certainty around revenue realization and reinforcing the project's economic foundation.
The Montauban project boasts a rich mining history dating back to the early 1900s and is located just 80 kilometers west of Quebec City. The facility combines immediate revenue potential for ESGold with transformational exploration upside. To date, the company has invested over C$15 million in infrastructure, including power access, roads, and a 20,000-square-foot processing facility, demonstrating confidence in the facility and its economic potential. With this agreement, ESGold is now a fully funded company with the financial strength, strategic partnerships, and operational readiness to meet its 2026 Montauban production deadline. It also positions the company ahead of competitors and validates its strategy of advancing permitted, low-capex projects designed to generate high-margin returns while minimizing dilution.
ESGold is a fully permitted, pre-production resource company at the forefront of clean mining and exploration innovation. With proven expertise in Quebec, the company is advancing its projects toward production and feasibility while delivering long-term value through sustainable resource recovery and exploration. The Montauban property serves as a model for responsible mining practices, combining near-term production with district-scale discovery potential. For more information, visit the company's newsroom at https://nnw.fm/ESAUF.
The full article discussing this milestone is available at https://nnw.fm/UCKaD.
