ESGold Corp. Secures Dore Purchase Agreement with Ocean Partners, Marking Transition to Production

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF), a development-stage mining company, has announced a definitive gold and silver dore purchase agreement with Ocean Partners UK Ltd., a significant step in its transition from a development company to a near-term producer. Under the agreement, Ocean Partners will purchase 100% of the dore production from ESGold’s flagship Montauban Project in Quebec, Canada. In return, ESGold will gain access to a non-dilutive working capital facility of up to C$9 million, providing crucial funding as the company moves toward production.

ESGold’s CEO Gordon Robb highlighted the importance of the deal, stating that it marks the company’s evolution into a near-term producer. “Ocean Partners is an internationally respected organization with extensive experience across metals trading, mine finance, and global mining operations,” Robb said. “Securing a definitive agreement with a group of this caliber significantly strengthens our production strategy and validates the progress our team has made behind the scenes.”

The Montauban Project, ESGold’s flagship asset, is fully permitted and currently under construction, with production anticipated in 2026. The project is expected to produce gold and silver dore, and the agreement with Ocean Partners ensures a ready buyer for the output. This arrangement not only provides a clear path to revenue but also reduces financial risk by offering non-dilutive capital, which is critical for shareholders as it avoids equity dilution.

The deal underscores ESGold’s dual-track strategy of achieving cash flow from production while continuing exploration for future growth. The company is advancing a scalable clean mining model across North and South America, with a focus on sustainable development. The partnership with Ocean Partners, a globally recognized metals trading and mine finance firm, lends credibility to ESGold’s operational plans and may attract further investor interest.

For more details on the agreement, readers can view the full article at https://ibn.fm/BX0GN. Additional updates on ESGold Corp. are available in the company’s newsroom at https://ibn.fm/ESAUF.

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