ESGold Corp's 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, with the facility to be repaid through future gold and silver production 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 Project and where is it located?
The Montauban Gold-Silver Project is ESGold’s flagship project located in Quebec, which is currently under construction with production anticipated in 2026.
Who is providing the financing to ESGold Corp?
Ocean Partners UK Ltd is providing the Prepayment and Working Capital Facility of up to C$9 million to ESGold Corp.
When is production expected to begin at the Montauban Project?
Production at the Montauban Gold-Silver Project is anticipated to begin in 2026.
What is ESGold Corp’s overall business strategy?
ESGold has a dual-track strategy of cash flow today and discovery tomorrow, building a platform for clean, sustainable growth and long-term shareholder value through a scalable clean mining model across North and South America.
What other projects does ESGold Corp have besides Montauban?
ESGold is also advancing a joint venture in Colombia, validating one of South America’s most prolific gold regions for tailings reprocessing and systematic exploration.
Where can investors find more information about ESGold Corp?
Investors can contact ESGold Corp at +1-888-370-1059, visit esgold.com, or access the company’s newsroom at https://ibn.fm/ESAUF for the latest updates.
What is the significance of this financing for ESGold’s operations?
This financing provides critical capital to complete construction of the Montauban Project and fund working capital, enabling the company to advance toward production while securing a committed buyer for all future gold and silver output.
What conditions apply to the financing agreement?
The financing is subject to standard conditions and due diligence, as mentioned in the binding term sheet with Ocean Partners UK Ltd.
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