ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has taken a significant step toward becoming a near-term gold and silver producer by entering into a definitive gold and silver dore purchase agreement with Ocean Partners UK Ltd. The agreement, announced recently, positions Ocean Partners to purchase 100% of dore production from ESGold's flagship Montauban Project. In return, ESGold gains access to a non-dilutive working capital facility of up to C$9 million, a crucial funding source as the company advances construction at the Quebec-based project.
The milestone is particularly noteworthy for ESGold, which has been a development-stage company focused on acquiring and exploring high-quality mineral properties. CEO Gordon Robb emphasized that the agreement with Ocean Partners marks an evolution from a development company 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 stated. "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 Gold-Silver Project, ESGold's flagship asset, is fully permitted and under construction, with production anticipated in 2026. The project is central to the company's dual-track strategy of generating cash flow today while pursuing future discoveries. The C$9 million working capital facility, tied to the dore purchase agreement, provides ESGold with non-dilutive funding to support ongoing construction and operational readiness without diluting existing shareholders.
Ocean Partners UK Ltd. is a globally recognized metals trading and mine finance firm with a track record of supporting mining operations. The partnership not only secures a guaranteed off-take for the dore production but also validates the Montauban Project's economic viability and ESGold's operational progress. For investors, the agreement reduces financing risk and underscores the company's transition from a development-stage entity to a near-term producer.
ESGold is positioning itself as a scalable clean mining model across North and South America. The Montauban Project, located in Quebec, is expected to be a cornerstone of the company's growth, with production targeted for 2026. The agreement with Ocean Partners is a key component of ESGold's strategy to build a platform for clean, sustainable growth and long-term shareholder value.
For more information on ESGold Corp., visit the company's newsroom at https://ibn.fm/ESAUF.
