FAQ: ESGold Corp.'s Joint Venture for Gold-Silver Tailings Reprocessing in Colombia

What is the main announcement from ESGold Corp.?

ESGold Corp. has signed a binding memorandum of understanding with Planta Magdalena S.A.S. to form a joint venture to develop and reprocess fully permitted gold- and silver-bearing tailings in Bolívar, Colombia.

What investment is ESGold making in this joint venture?

ESGold will invest C$1.5 million for a 50% interest in the joint venture and holds a right of first refusal to acquire the remaining balance within 12 months.

Where is this joint venture project located?

The project is located in Bolívar, Colombia, which is described as one of South America’s top gold-producing regions.

What are the expected benefits of this joint venture?

The venture expands ESGold’s tailings-to-cash-flow model beyond Québec, with potential to add a second high-margin operation by 2026 while delivering environmental remediation benefits.

Who is ESGold’s partner in this joint venture?

ESGold’s partner is Planta Magdalena S.A.S., a company with which they have signed a binding memorandum of understanding for this tailings reprocessing project.

What is ESGold Corp.’s primary business focus?

ESGold Corp. is a fully permitted, pre-production gold and silver mining company at the forefront of scalable clean mining and exploration innovation, with proven expertise in Québec.

What is ESGold’s main project in Québec?

ESGold is advancing its Montauban Gold-Silver Project toward near-term production, located 80 km west of Quebec City, which represents a blueprint for cash-flow-generating legacy site redevelopment.

Where can investors find more information about ESGold Corp.?

The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF.

What is the significance of the tailings being ‘fully permitted’?

The tailings being fully permitted means they have already obtained all necessary regulatory approvals for development and reprocessing, reducing regulatory hurdles and accelerating project timelines.

How does this joint venture fit into ESGold’s overall strategy?

This venture expands ESGold’s tailings-to-cash-flow model beyond its Québec operations, demonstrating the scalability of their approach to legacy site redevelopment and sustainable resource recovery.