ESGold Secures C$9 Million Strategic Partnership with Ocean Partners as Montauban Progress Accelerates

Core Viewpoint - ESGold Corp. has secured a Prepayment and Working Capital Facility of up to C$9 million with Ocean Partners UK Ltd., enhancing its financial position and establishing a long-term sales channel for its Montauban Gold-Silver Project in Quebec [1][4]. Financial Agreement Details - The facility consists of two tranches: the first tranche of C$3 million is available approximately three months before Phase 1 production, expected in February 2026, and the second tranche of C$6 million is available approximately five months before Phase 2 production, expected in March 2027 [2]. - The facility is subject to customary conditions, including definitive agreements and lender due diligence [3]. Strategic Importance - The partnership with Ocean Partners strengthens ESGold's balance sheet and provides financial flexibility, aligning repayment with production to avoid equity dilution [5]. - Ocean Partners will purchase 100% of the gold and silver dore production from Montauban, ensuring a stable revenue stream with minimum deliveries of 50,000 oz of gold and 1,000,000 oz of silver [7]. Management Insights - The CEO of ESGold emphasized the importance of this agreement for advancing the Montauban Project and building a lasting partnership that supports future growth [4]. - The CEO of Ocean Partners expressed confidence in ESGold's innovative approach to precious metal production from tailings and surface rock, highlighting the long-term potential of the project [8]. Future Outlook - This agreement positions ESGold as a fully funded company ready to bring Montauban into production, with ongoing construction and exploration initiatives [10]. - ESGold is advancing a dual-track strategy focused on immediate cash flow and long-term discovery potential, aiming for sustainable growth and shareholder value [11].