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ESGold Announces the Closing of its Brokered LIFE Offering for Gross Proceeds of C$7.2 Million
TMX Newsfile· 2026-03-10 13:28
Core Viewpoint - ESGold Corp. has successfully closed a private placement offering, raising gross proceeds of C$7,264,440 to advance its Montauban Project and for general corporate purposes [1][3]. Group 1: Offering Details - The offering consisted of 10,683,000 units sold at a price of C$0.68 per unit [1]. - Each unit includes one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at C$1.00 until March 10, 2029 [2]. - Red Cloud Securities Inc. acted as the sole agent and bookrunner for the offering, receiving a cash fee of C$406,531 and 597,840 non-transferable common share purchase warrants as compensation [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for advancing the Montauban Project in Québec, as well as for general working capital and corporate purposes [3]. Group 3: Regulatory Compliance - The units were issued under the listed issuer financing exemption, making them immediately freely tradeable for Canadian purchasers [4]. - The offering is subject to final approval from the Canadian Securities Exchange [6]. Group 4: Company Overview - ESGold Corp. is a fully permitted, fully funded, pre-production mining company focused on a scalable clean mining model across North and South America [8]. - The Montauban Gold-Silver Project in Quebec is under construction, with production anticipated in 2026 [8].
ESGold Files Amended LIFE Offering Document to Include Quebec as an Offering Jurisdiction for Previously Announced Brokered LIFE Offering for Gross Proceeds of up to C$7 Million
TMX Newsfile· 2026-02-20 21:30
Group 1 - ESGold Corp. is conducting a brokered offering through Red Cloud Securities Inc. for gross proceeds of up to C$7,000,600 from the sale of up to 10,295,000 units at a price of C$0.68 per unit [1][2] - The offering is expected to close on March 10, 2026, pending necessary regulatory approvals, including from the Canadian Securities Exchange [2] - The company has filed an amended offering document that includes Quebec as an offering jurisdiction, which can be accessed on the company's website [1] Group 2 - ESGold Corp. is a fully permitted and funded pre-production mining company focused on a scalable clean mining model across North and South America [3] - The flagship Montauban Gold-Silver Project in Quebec is under construction, with production anticipated in 2026 [3] - ESGold aims to build a platform for clean, sustainable growth and long-term shareholder value through a dual-track strategy of cash flow today and discovery tomorrow [3]
ESGold Announces Brokered LIFE Offering for Gross Proceeds of up to C$7 Million
TMX Newsfile· 2026-02-19 12:15
Core Viewpoint - ESGold Corp. has announced a private placement agreement with Red Cloud Securities Inc. to raise gross proceeds of up to C$7,000,600 through the sale of up to 10,295,000 units at a price of C$0.68 per unit [1] Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each warrant allowing the purchase of one common share at a price of C$1.00 within 36 months of the closing date [2] - The company grants the agent an option to sell up to an additional 1,471,000 units for up to an additional C$1,000,280 in gross proceeds [3] - The offering is expected to close on March 10, 2026, subject to regulatory approvals [7] Group 2: Use of Proceeds - The net proceeds from the sale of units will be used for advancing the Montauban Project in Québec and for general working capital and corporate purposes [4] Group 3: Regulatory Compliance - The units will be offered to purchasers in specific Canadian provinces under the listed issuer financing exemption and may also be sold in the U.S. and other jurisdictions under applicable laws [5] - The offering document related to the offering is accessible on the company's profile and website [6]
ESGold Corp. Presents in Red Cloud's Virtual Webinar Series
Newsfile· 2025-11-21 12:30
Core Insights - ESGold Corp. is hosting a live virtual corporate update on November 24, 2025, at 2:00 PM ET, inviting shareholders and interested parties to participate [1] - The company is focused on a scalable clean mining model across North and South America, with its flagship Montauban Gold-Silver Project in Quebec under construction and production expected in 2026 [2] - ESGold is also pursuing a joint venture in Colombia for tailings reprocessing and exploration in a prolific gold region [2] Company Overview - ESGold Corp. (CSE: ESAU) is a fully permitted and funded pre-production mining company [2] - The company aims to create long-term shareholder value through a dual-track strategy of immediate cash flow and future discovery [2] Event Details - The webinar will include a live Q&A session moderated by Red Cloud Financial Services, with a replay available to registrants and on the Red Cloud website [2]
ESGold Completes Montauban Mill Building Construction and Moves Toward Production Readiness
Globenewswire· 2025-11-10 13:00
Core Insights - ESGold Corp. has completed the main mill building at the Montauban Gold-Silver Project in Quebec, marking a significant milestone towards production [1][2][6] - The company is now transitioning to equipment procurement and installation, moving into the commissioning phase [2][4][5] - ESGold anticipates first gold and silver production from Montauban in 2026 [5] Facility Completion - The mill building structure, concrete flooring, and interior divisions are fully completed, including the on-site gold room and laboratory for metallurgical testing [2][3] - The completion of the facility allows ESGold to focus on sourcing and installing processing equipment necessary for the Merrill Crowe circuit [4] Equipment Procurement - ESGold has initiated procurement of processing equipment, including clarifying tanks, filtration units, and vacuum systems [4] - The company plans to move into system integration and commissioning once all components are received [4] Exploration Planning - ESGold's geological team is finalizing a comprehensive 3D geological model for the Montauban district, which will guide future exploration and drilling [7] - The model integrates various data types to refine drill targets and identify deeper mineralized structures [7] Economic Assessment - The Updated Preliminary Economic Assessment (PEA) indicates a robust economic outlook with an after-tax NPV (5%) of C$24.27 million and an after-tax IRR of 60.3% [10] - The project is expected to have a payback period of less than two years from the start of production, highlighting strong project economics [10] Strategic Positioning - ESGold is well-positioned to transition from construction to commissioning, with funding secured and construction complete [8] - The company aims to create a long-term platform for growth and value creation for shareholders [6][12]
ESGold Reports Positive Results from Colombian Tailings
Globenewswire· 2025-10-14 11:00
Core Insights - Initial testing confirms favorable gold and silver recoveries from historical tailings using a simple, low-reagent gravity circuit, validating ESGold's clean, low-cost extraction model and supporting future pilot and expansion plans [1][3] - The results indicate strong potential economics through a clean extraction process, with further optimization expected to enhance recovery rates [3][6] - The company is advancing its pilot work and assessing additional sources of higher-grade feed in the Bolívar region of Colombia [3][5] Economic Significance - The development concept leverages surface materials that have undergone ore treatment, potentially shortening the path to cash flow by avoiding drilling, blasting, and haulage [4] - Preliminary results are not production forecasts and are insufficient to demonstrate economic viability at this stage [4] Next Steps - ESGold will focus on parameter optimization, confirmatory sampling, and pilot-scale testing on site in Colombia to refine recoveries and finalize the modular flowsheet design [5] Investor Relevance - Early metallurgical results validate ESGold's strategy of identifying low-CapEx, high-margin opportunities, enhancing the company's long-term growth outlook [6] - The combination of near-term production from the Montauban project and the potential operation in Colombia positions ESGold as a sustainable emerging producer in the gold and silver sector [6] Metallurgical Results - Representative feed grades show mean analyzed values of approximately 4.88 g/t Au and 35.7 g/t Ag, with recoveries varying by test, achieving up to 52% Au recovery in one instance [7] - Average gravity concentrate grades were approximately 59 g/t Au and 193 g/t Ag across tests, with a mass pull of about 2.8% of feed reported to gravity concentrate [7]
ESGold Announces Closing of C$8.0 Million Brokered LIFE Offering
Newsfile· 2025-09-18 13:30
Core Points - ESGold Corp. has successfully closed a private placement offering, raising gross proceeds of C$8,000,000 through the sale of 10,666,667 units at a price of C$0.75 per unit [1][2] - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of an additional common share at C$1.10 until September 18, 2028 [2] - The net proceeds will be utilized for advancing the Montauban Project in Québec and for general working capital [3] Offering Details - The offering was conducted under National Instrument 45-106, allowing for the issuance of units to Canadian and U.S. purchasers [4] - The agent for the offering, Red Cloud Securities Inc., received cash fees of C$460,867.50 and 614,490 broker warrants, which are also exercisable at the offering price until September 18, 2028 [5] - The securities issued are not registered under the U.S. Securities Act and cannot be sold to U.S. persons without proper registration or exemption [7] Company Overview - ESGold Corp. is a pre-production resource company focused on clean mining and exploration, with its flagship Montauban property located 80 kilometers west of Quebec City [10] - The company aims to combine near-term production with district-scale discovery potential, emphasizing responsible mining practices [10]
ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Pioneering Innovative Mining Approach, Demonstrating Next-Gen Processing Capabilities
GlobeNewswire News Room· 2025-08-28 12:30
Core Insights - ESGold Corp. is positioned as a leader in clean mining and resource recovery, focusing on transforming mining waste into profitable operations while addressing environmental concerns [1][4][5] Company Overview - ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) is a fully permitted, preproduction resource company specializing in clean mining and exploration innovation [5] - The company is advancing its projects toward production and feasibility, aiming to deliver long-term value through sustainable resource recovery [5] - ESGold's flagship Montauban property, located 80 kilometers west of Quebec City, exemplifies responsible mining practices with potential for near-term production and district-scale discovery [5] Industry Context - Traditional mining operations in Colombia have left behind significant volumes of tailings, which were previously considered worthless but contain substantial reserves of precious metals [3] - The innovative extraction methods being developed by ESGold Corp. present an opportunity to recover previously unrecoverable gold and silver while addressing long-standing environmental issues [3][4]
ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Pioneering Innovative Mining Approach, Demonstrating Next-Gen Processing Capabilities
Globenewswire· 2025-08-28 12:30
Core Insights - ESGold Corp. is highlighted for its innovative approach in transforming mining waste into profitable operations while addressing environmental concerns [1][4] - The company is positioned at the forefront of clean mining and exploration innovation, with a focus on sustainable resource recovery [5] Company Overview - ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) is a fully permitted, preproduction resource company specializing in clean mining practices [5] - The flagship Montauban property, located 80 kilometers west of Quebec City, exemplifies responsible mining practices and has significant production and exploration potential [5] Industry Context - Traditional mining operations in Colombia have left behind large volumes of tailings, which contain previously unrecoverable precious metals [3] - ESGold's advanced extraction methods present an opportunity to recover gold and silver while mitigating long-standing environmental issues [3][4]
NetworkNewsAudio Announces Audio Press Release (APR) on Emerging Powerhouse in Gold Industry
Globenewswire· 2025-06-06 12:30
Core Insights - ESGold Corp. has successfully closed C$3.45 million financing to advance its Montauban Project towards production, marking a pivotal point for the company [1] - The company has begun on-site construction and assembly at Montauban, targeting near-term cash flow within the next six months [2] - ESGold aims to transform Montauban into one of Canada's next active gold and silver operations, with production targeted for Q4 [3] Company Overview - ESGold Corp. is a fully permitted, preproduction resource company focused on clean mining and exploration innovation, with a flagship property located 80 kilometers west of Quebec City [4] - The Montauban property serves as a model for responsible mining practices, combining near-term production with district-scale discovery potential [4]