ESGold Corp. Issues Restricted Share Units to New Director and Provides Construction Update on Montauban Project
ESGold Corp. (ESAUF) has announced two key developments: First, the company issued 500,000 restricted share units (RSUs) to new board member Peter Espig, a seasoned mining executive with expertise in project finance and restructuring. The RSUs are part of the company's strategy to align management interests with shareholders and will vest according to the Omnibus Equity Incentive Plan.
Second, construction at the Montauban processing site in Quebec is progressing as planned, with Humphrey Spirals for the gravity recovery circuit expected to arrive next week. The company remains on track for production startup by year-end 2025, focusing on maintaining cost discipline while working toward near-term cash flow generation.
ESGold Corp. (ESAUF) ha annunciato due sviluppi importanti: innanzitutto, la società ha emesso 500.000 unità azionarie vincolate (RSU) al nuovo membro del consiglio, Peter Espig, un dirigente esperto nel settore minerario con competenze in finanza di progetto e ristrutturazioni. Le RSU fanno parte della strategia aziendale per allineare gli interessi della direzione con quelli degli azionisti e saranno assegnate secondo il Piano Omnibus di Incentivi Azionari.
In secondo luogo, i lavori di costruzione presso il sito di lavorazione di Montauban in Quebec procedono come previsto, con l'arrivo previsto per la prossima settimana delle Humphrey Spirals per il circuito di recupero gravitazionale. L'azienda mantiene l'obiettivo di avviare la produzione entro la fine del 2025, concentrandosi sul controllo dei costi e sul raggiungimento di un flusso di cassa positivo nel breve termine.
ESGold Corp. (ESAUF) ha anunciado dos desarrollos clave: primero, la compañía emitió 500,000 unidades restringidas de acciones (RSUs) para el nuevo miembro de la junta, Peter Espig, un ejecutivo minero experimentado con conocimientos en financiamiento de proyectos y reestructuración. Las RSUs forman parte de la estrategia de la empresa para alinear los intereses de la gerencia con los de los accionistas y se otorgarán conforme al Plan Omnibus de Incentivos de Capital.
En segundo lugar, la construcción en el sitio de procesamiento Montauban en Quebec avanza según lo planeado, y se espera que las Humphrey Spirals para el circuito de recuperación por gravedad lleguen la próxima semana. La compañía sigue en camino para iniciar la producción para finales de 2025, enfocándose en mantener la disciplina de costos mientras trabaja para generar flujo de caja a corto plazo.
ESGold Corp. (ESAUF)는 두 가지 주요 소식을 발표했습니다. 첫째, 회사는 프로젝트 금융 및 구조조정에 전문성을 가진 신규 이사 Peter Espig에게 500,000개의 제한 주식 단위(RSU)를 발행했습니다. 이 RSU는 경영진의 이익을 주주와 일치시키기 위한 회사 전략의 일환이며, Omnibus 주식 인센티브 계획에 따라 취득됩니다.
둘째, 캐나다 퀘벡에 위치한 Montauban 처리 현장의 건설이 계획대로 진행 중이며, 중력 회수 회로용 Humphrey Spiral이 다음 주 도착할 예정입니다. 회사는 2025년 말까지 생산 시작을 목표로 비용 관리에 집중하면서 단기 현금 흐름 창출을 추진하고 있습니다.
ESGold Corp. (ESAUF) a annoncé deux développements clés : d'abord, la société a émis 500 000 unités d'actions restreintes (RSU) au nouveau membre du conseil d'administration, Peter Espig, un cadre expérimenté dans le secteur minier avec une expertise en financement de projets et en restructuration. Les RSU font partie de la stratégie de l'entreprise visant à aligner les intérêts de la direction avec ceux des actionnaires et seront acquises conformément au Plan d'Incitation Omnibus en Actions.
Ensuite, la construction du site de traitement de Montauban au Québec progresse comme prévu, avec l'arrivée attendue la semaine prochaine des spirales Humphrey pour le circuit de récupération gravitationnelle. La société reste en bonne voie pour démarrer la production d'ici la fin de l'année 2025, en se concentrant sur la maîtrise des coûts tout en visant une génération de flux de trésorerie à court terme.
ESGold Corp. (ESAUF) hat zwei wichtige Entwicklungen bekanntgegeben: Erstens hat das Unternehmen 500.000 eingeschränkte Aktienanteile (RSUs) an das neue Vorstandsmitglied Peter Espig ausgegeben, einen erfahrenen Bergbau-Manager mit Expertise in Projektfinanzierung und Restrukturierung. Die RSUs sind Teil der Strategie des Unternehmens, die Interessen des Managements mit denen der Aktionäre in Einklang zu bringen, und werden gemäß dem Omnibus Equity Incentive Plan vesten.
Zweitens schreiten die Bauarbeiten am Montauban-Verarbeitungsstandort in Quebec planmäßig voran, wobei die Humphrey Spirals für den Schwerkraft-Rückgewinnungskreislauf voraussichtlich nächste Woche eintreffen werden. Das Unternehmen bleibt im Zeitplan für den Produktionsstart bis Ende 2025 und konzentriert sich darauf, Kostendisziplin einzuhalten und kurzfristig Cashflow zu generieren.
- Construction at Montauban processing site is advancing on schedule
- Production expected to begin by year-end 2025
- Addition of experienced mining executive Peter Espig to the Board of Directors
- Potential shareholder dilution from 500,000 RSU issuance
- Pre-production status with no current revenue generation
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2025) - ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) ("ESGold" or the "Company"), a pre-production gold and silver company advancing its flagship Montauban Project in Quebec, announces it has approved the issuance of restricted share units ("RSUs") and provides an update on ongoing construction activities.
In connection with his recent appointment to the Company's Board of Directors, ESGold has issued 500,000 RSUs to Mr. Peter Espig, a seasoned capital markets and mining executive with an extensive track record in project finance, restructuring, and transitioning juniors into cash-flow positive producers. The RSU grants are part of the Company's strategy to attract, retain, and reward high-performing individuals while aligning their interests with those of shareholders.
The RSUs were issued pursuant to the Company's Omnibus Equity Incentive Plan and will vest in accordance with the terms of the plan. These securities are subject to a statutory hold period expiring in accordance with applicable securities legislation.
Construction Advancing at Montauban
The Company is also pleased to report that construction at the Montauban processing site is advancing on schedule. Delivery of the Humphrey Spirals—a key component of the gravity recovery circuit—is expected next week. These units represent a critical milestone in the buildout of the gold-silver recovery system.
Further equipment deliveries and commissioning updates will be provided as ESGold progresses toward production, expected by year-end 2025. The Company remains committed to executing its phased construction plan while maintaining cost disciplined and targeting near-term cash flow generation.
About ESGold Corp.
ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is a fully permitted, pre-production resource company at the forefront of clean mining and exploration innovation. With proven expertise in Quebec, the Company is advancing its projects toward production and feasibility while delivering long-term value through sustainable resource recovery and exploration. ESGold's flagship Montauban property, located 80 kilometers west of Quebec City, serves as a model for responsible mining practices, combining near-term production with district-scale discovery potential.
For more information, please contact ESGold Corp. at +1-888-370-1059 or visit esgold.com for additional resources, including a French version of this press release, past news releases, a 3D model of the Montauban processing plant, media interviews, and opinion-editorial pieces.
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On behalf of the Board of Directors
ESGold Corp.
"Paul Mastantuono"
CEO & Director
info@esgold.com
+1-888-370-1059
Forward-Looking Statements:
This news release includes forward-looking statements within the meaning of applicable securities laws. These statements are based on assumptions and expectations that involve a number of known and unknown risks and uncertainties. Actual results could differ materially. Forward-looking information includes statements regarding the expected use of proceeds, the development and construction timelines of the Montauban Project, future production, and anticipated project milestones. Investors are cautioned not to place undue reliance on these forward-looking statements. All forward-looking information contained in this release is qualified by these cautionary statements.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251057
FAQ
What is the current status of ESGold's (ESAUF) Montauban project construction?
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Who is Peter Espig and what is his role at ESGold (ESAUF)?
