ESGold Corp. Secures C$9 Million Facility for Montauban Project - Key Questions Answered
Summary
ESGold Corp. has secured up to C$9 million in financing from Ocean Partners UK Ltd. to advance its Montauban Gold-Silver Project in Quebec. This funding facility will support project completion and working capital needs, with repayment structured through dore deliveries under an offtake agreement.
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What is the main announcement from ESGold Corp.?
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.
How will the C$9 million facility be structured and repaid?
The facility will be drawn in two tranches aligned with Phase 1 and Phase 2 production timelines, and will be repaid through dore deliveries under an offtake agreement where Ocean Partners commits to purchase 100% of Montauban’s gold and silver output.
What is the Montauban Gold-Silver Project and when is production expected?
The Montauban Gold-Silver Project is ESGold’s flagship project in Quebec, currently under construction with production anticipated in 2026. It represents the company’s scalable clean mining model in North America.
Who is providing the financing and what is their role?
Ocean Partners UK Ltd. is providing the up to C$9 million facility and has committed to purchase 100% of Montauban’s gold and silver output through an offtake agreement, serving as both financier and product purchaser.
What is ESGold Corp.’s overall business strategy?
ESGold employs a dual-track strategy of generating cash flow today while pursuing discovery tomorrow, building a platform for clean, sustainable growth and long-term shareholder value across North and South America.
Where else is ESGold Corp. operating besides the Montauban Project?
In addition to the Montauban Project in Quebec, ESGold is advancing a joint venture in Colombia focused on tailings reprocessing and systematic exploration in one of South America’s most prolific gold regions.
How can investors get more information about ESGold Corp.?
Investors can contact ESGold Corp. at +1-888-370-1059, visit esgold.com for additional resources, or access the latest news and updates at https://ibn.fm/ESAUF.
What are ESGold Corp.’s stock ticker symbols?
ESGold Corp. trades under CSE: ESAU, OTCQB: ESAUF, and FSE: Z7D, making it accessible to investors across multiple exchanges.
Where can I view the full press release about this financing announcement?
The full press release can be viewed at https://ibn.fm/KKXwE, which provides complete details about the financing facility and its terms.
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