ESGold Secures C$9 Million Financing Facility for Quebec Gold-Silver Project
TL;DR
ESGold secured up to C$9 million in financing from Ocean Partners, providing a competitive advantage to complete its Montauban Gold-Silver Project and generate future revenue.
The C$9 million facility will be drawn in two tranches aligned with Phase 1 and Phase 2 production timelines, with repayment through dore deliveries under an offtake agreement.
ESGold's clean mining model and sustainable growth strategy at the Montauban Project supports environmentally responsible resource development for future generations.
ESGold's fully funded Montauban Gold-Silver Project in Quebec is advancing toward 2026 production with a dual-track strategy of cash flow and discovery.
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ESGold Corp. has signed a binding term sheet with Ocean Partners UK Ltd. for a Prepayment and Working Capital Facility of up to C$9 million to support completion of its Montauban Gold-Silver Project in Quebec and provide working capital. The facility will be drawn in two tranches aligned with Phase 1 and Phase 2 production timelines, with repayment structured through dore deliveries under an offtake agreement that commits Ocean Partners to purchase 100% of Montauban's gold and silver output.
The financing arrangement represents a crucial milestone for ESGold as it advances toward anticipated production in 2026 at its flagship Quebec project. The company's Montauban Project is currently under construction and represents a significant development in Quebec's mining sector. The facility is subject to standard conditions and due diligence, but the commitment from Ocean Partners provides substantial financial backing for the project's completion.
ESGold describes itself as a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North and South America. Beyond the Montauban Project, the company is also advancing a joint venture in Colombia, validating one of South America's most prolific gold regions for tailings reprocessing and systematic exploration. The company maintains a dual-track strategy of pursuing cash flow from near-term production while continuing exploration for future discoveries.
Additional information about ESGold Corp. is available through their corporate website at https://esgold.com, where investors can access past news releases, a 3D model of the Montauban processing plant, and other corporate resources. The company's approach emphasizes building a platform for clean, sustainable growth and long-term shareholder value through its North and South American operations.
The financing announcement was distributed through Rocks & Stocks, a specialized communications platform delivering insights into the mining industry. Rocks & Stocks is part of the Dynamic Brand Portfolio at IBN that provides comprehensive corporate communications solutions including wire distribution, media syndication, and social media outreach. More information about their services can be found at https://RocksAndStocks.news.
Curated from InvestorBrandNetwork (IBN)
