ESGold Corp. Secures C$9 Million Strategic Partnership with Ocean Partners to Advance Montauban Project

ESGold Corp. has entered into a C$9 million binding term sheet with Ocean Partners UK Ltd., significantly strengthening the company's financial position while providing flexibility to advance exploration activities at its Montauban Gold-Silver Project in Quebec. The strategic partnership represents a major milestone for the development-stage mining company, ensuring a stable, long-term sales channel for all gold and silver doré production while creating certainty around revenue realization and reinforcing the project's economic foundation according to company statements available at https://ibn.fm/lisS4.

The funding facility will be drawn in two tranches of C$3 million and C$6 million respectively, with both disbursements dependent on anticipated Phase 1 and Phase 2 production milestones at the Montauban facility. This structured approach to financing validates ESGold's corporate strategy of advancing permitted, low-capex projects designed to generate high-margin returns while minimizing shareholder dilution. The partnership with Ocean Partners represents a significant endorsement of the Montauban project's potential and ESGold's development approach.

The Montauban project, located just 80 kilometers west of Quebec City, combines immediate revenue potential with transformational exploration upside, building on a rich mining history dating back to the early 1900s. ESGold has already invested over C$15 million in infrastructure at the site, demonstrating the company's long-term commitment to developing the property's mineral potential. The strategic partnership with Ocean Partners provides the necessary capital to continue this development trajectory while maintaining financial stability through the exploration and production phases.

This financing arrangement comes at a critical juncture for ESGold as the company advances its exploration programs and prepares for phased production at Montauban. The partnership not only provides immediate financial resources but also establishes a framework for future collaboration and market access through Ocean Partners' established trading networks. The agreement represents a comprehensive approach to project financing that addresses both immediate capital needs and long-term revenue certainty, positioning ESGold for sustained growth and development of its Quebec-based mineral properties.