ESGold Secures C$9M Partnership for Quebec Gold-Silver Project

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF), a development-stage mining company focused on acquiring and developing high-quality mineral properties worldwide, has secured a significant C$9 million strategic partnership through a binding term sheet with Ocean Partners UK Ltd. This substantial financial injection represents a major milestone for ESGold, providing crucial capital to advance its flagship Montauban Gold-Silver Project in Quebec while ensuring a stable, long-term sales channel for all gold and silver doré production. The funding arrangement, structured in two tranches of C$3 million and C$6 million respectively, is tied to anticipated Phase 1 and Phase 2 production milestones at the Montauban facility, demonstrating Ocean Partners' confidence in the project's viability and ESGold's execution capabilities.

The Montauban project itself boasts a rich mining heritage dating back to the early 1900s and is strategically located just 80 kilometers west of Quebec City, combining immediate revenue generation potential with substantial exploration upside. ESGold has already invested over C$15 million in infrastructure development at the site, positioning the project for accelerated advancement. This partnership validates ESGold's strategic approach of focusing on permitted, low-capital-expenditure projects designed to generate high-margin returns while minimizing shareholder dilution. The financial facility not only strengthens ESGold's balance sheet but also provides operational flexibility as the company continues exploration and development activities, reinforcing the project's economic foundation and creating certainty around revenue realization timelines.

This strategic development is particularly noteworthy given the current market environment for junior mining companies, where securing substantial non-dilutive financing has become increasingly challenging. The partnership with Ocean Partners UK Ltd., a recognized player in the metals trading sector, provides ESGold with both financial backing and industry credibility. For investors following the company's progress through platforms like the Investor Brand Network and Rocks & Stocks, this announcement signals significant momentum in ESGold's development trajectory and represents a crucial step toward bringing the Montauban project into production while maintaining strategic financial discipline.