Blockchain Registration Transaction Record

ESGold Secures C$9M Facility with Ocean Partners for Montauban

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) signs definitive gold and silver dore purchase agreement with Ocean Partners UK Ltd, securing C$9M non-dilutive working capital facility for Montauban Project. CEO Gordon Robb calls it a milestone transformation to near-term producer.

This agreement is a pivotal moment for ESGold, as it not only provides non-dilutive funding to restart the Montauban Project but also secures a guaranteed off-take for its gold and silver production. For investors, this reduces risk by eliminating dilution and ensuring a clear revenue stream, while the partnership with a reputable firm like Ocean Partners adds credibility. The move signals that the company is transitioning from exploration to production, potentially unlocking significant value. For the mining industry, this deal exemplifies how strategic off-take agreements can finance project development without equity dilution, a model that could be replicated by other junior miners. Ultimately, it matters because it demonstrates a viable path to production for development-stage companies, offering a blueprint for financing that benefits both shareholders and project viability.