ESGold Corp. has strengthened its financial position through a C$9 million binding term sheet with Ocean Partners UK Ltd., marking a significant milestone for the company's Montauban Gold-Silver Project in Quebec. The agreement provides ESGold with financial flexibility while establishing a stable, long-term sales channel for all gold and silver doré produced at the facility, creating certainty around revenue realization and reinforcing the project's economic foundation.
The Montauban project, located just 80 kilometers west of Quebec City, features a rich mining history dating back to the early 1900s and combines immediate revenue potential with transformational exploration upside. ESGold has already invested over C$15 million in infrastructure development, including power access, roads, and a 20,000 square foot processing facility, demonstrating the company's confidence in the project's economic potential. This substantial investment underscores the company's commitment to advancing the permitted, low-capex project designed to generate high-margin returns while minimizing shareholder dilution.
With this partnership now in place, ESGold has achieved fully funded status, possessing the financial strength, strategic partnerships, and operational readiness necessary to meet its 2026 production deadline for the Montauban project. The company's newsroom provides ongoing updates about these developments. The agreement positions ESGold ahead of competitors in the mining sector while validating the company's strategy of focusing on permitted projects with strong economic fundamentals.
The comprehensive approach to project development reflects ESGold's commitment to responsible mining practices that combine near-term production capabilities with district-scale discovery potential. The financial backing from Ocean Partners UK Ltd. represents more than just capital infusion—it provides ESGold with strategic advantages in a competitive mining landscape. The guaranteed sales channel for precious metals production eliminates market uncertainty and ensures consistent revenue streams once operations commence. This partnership model demonstrates how junior mining companies can leverage strategic relationships to accelerate project development while maintaining financial discipline and operational control over their core assets.
