ESGold Secures C$9 Million Strategic Partnership with Ocean Partners as Montauban Progress Accelerates
ESGold Corp. (OTCQB: ESAUF) has secured a strategic C$9 million non-dilutive facility with Ocean Partners UK Ltd. for its Montauban Gold-Silver Project in Quebec. The facility includes two tranches: C$3 million available three months before Phase 1 production (February 2026) and C$6 million before Phase 2 production (March 2027).
The agreement includes an offtake contract where Ocean Partners will purchase 100% of gold and silver dore production with minimum deliveries of 50,000 oz gold and 1,000,000 oz silver. The facility carries an interest rate of 3M SOFR + 7% per annum, with a 1% arrangement fee. Payment terms include 90% provisional cash payment on the first business day following delivery.
Construction at Montauban is targeted for completion in mid-Q4 2025, with concentrate test results expected in the coming weeks.
ESGold Corp. (OTCQB: ESAUF) ha ottenuto una linea di credito strategica non diluitiva di CAD 7 milioni con Ocean Partners UK Ltd. per il Montauban Gold-Silver Project in Quebec. La facility prevede due tranche: CAD 3 milioni disponibili tre mesi prima della produzione di Fase 1 (febbraio 2026) e CAD 6 milioni prima della produzione di Fase 2 (marzo 2027).
L'accordo comprende un contratto di off-take in base al quale Ocean Partners comprerà il 100% della doratura dell'oro e dell'argento prodotta con consegne minime di 50.000 oz di oro e 1.000.000 oz di argento. La facility porta un tasso di interesse di 3M SOFR + 7% all'anno, con una commissione di istruttoria dello 1%. Le condizioni di pagamento prevedono un pagamento provvisorio in contanti del 90% nel primo giorno lavorativo successivo alla consegna.
La costruzione a Montauban è prevista per completarsi entro la metà del Q4 2025, con i risultati dei test del concentrato attesi nelle prossime settimane.
ESGold Corp. (OTCQB: ESAUF) ha asegurado una facility estratégica no dilutiva por 7 millones de CAD con Ocean Partners UK Ltd. para el Montauban Gold-Silver Project en Quebec. La facility consta de dos tramos: 3 millones de CAD disponibles tres meses antes de la producción de la Fase 1 (febrero de 2026) y 6 millones de CAD antes de la producción de la Fase 2 (marzo de 2027).
El acuerdo incluye un contrato de off-take donde Ocean Partners comprará el 100% de la doré de oro y plata producida, con entregas mínimas de 50,000 oz de oro y 1,000,000 oz de plata. La facility tiene una tasa de interés de 3M SOFR + 7% anual, con una comisión de organización del 1%. Los términos de pago contemplan un pago en efectivo provisional del 90% el primer día hábil posterior a la entrega.
La construcción de Montauban se espera completar para mediados del Q4 2025, y se esperan los resultados de las pruebas del concentrado en las próximas semanas.
ESGold Corp. (OTCQB: ESAUF)은 퀘벡주 몬토방 골드-실버 프로젝트를 위해 Ocean Partners UK Ltd.와 7백만 CAD의 전략적 비희석 금융을 확보했다. 이 파이낸싱은 두 개의 트랜치로 구성되며, 3백만 CAD은 1단계 생산(2026년 2월) 3개월 전에 사용 가능하고, 6백만 CAD은 2단계 생산(2027년 3월) 전에 사용 가능하다.
합의에는 Ocean Partners가 생산되는 금과 은 도어의 100%를 매입하는 오프테이크 계약이 포함되며 최소 납품은 금 50,000온스, 은 1,000,000온스이다. 이 시설의 이자율은 연간 3M SOFR + 7%이며, 1%의 어렌지먼트 수수료가 부과된다. 지급 조건은 납품 후 첫 영업일에 90%의 잠정 현금 지급을 포함한다.
몽토방 건설은 2025년 말 4분기 중반에 완료될 예정이며, 정광 테스트 결과는 향후 몇 주 내에 발표될 예정이다.
ESGold Corp. (OTCQB: ESAUF) a obtenu une ligne de crédit stratégique non dilutive de 7 millions CAD auprès d’Ocean Partners UK Ltd. pour le projet Montauban Gold-Silver au Québec. La facilité comprend deux tranches : 3 millions CAD disponibles trois mois avant le démarrage de la production de la Phase 1 (février 2026) et 6 millions CAD avant le démarrage de la Phase 2 (mars 2027).
L’accord prévoit un contrat d’offtake selon lequel Ocean Partners achètera 100% de la doré en or et en argent produite, avec des livraisons minimales de 50 000 oz d’or et 1 000 000 oz d’argent. La facilité porte un taux d’intérêt de 3M SOFR + 7% par an, avec des frais d’arrangement de 1%. Les conditions de paiement prévoient un versement provisoire en espèces de 90% le premier jour ouvrable suivant la livraison.
Les travaux à Montauban devraient être achevés à la mi-Q4 2025, et les résultats des tests du concentré sont attendus dans les semaines à venir.
ESGold Corp. (OTCQB: ESAUF) hat eine strategische, nicht verwässernde Finanzierung in Höhe von 7 Mio. CAD von Ocean Partners UK Ltd. für das Montauban Gold-Silver-Projekt in Quebec gesichert. Die Finanzierung umfasst zwei Tranchen: 3 Mio. CAD sind drei Monate vor Produktionsbeginn der Phase 1 (Februar 2026) verfügbar und 6 Mio. CAD vor Produktionsbeginn der Phase 2 (März 2027).
Im Rahmen der Vereinbarung gibt es einen Offtake-Vertrag, nach dem Ocean Partners 100% der Gold- und Silberdore-Produktion zu Abnahmepreisen kaufen wird, mit Mindestauslieferungen von 50.000 oz Gold und 1.000.000 oz Silber. Die Finanzierung hat einen Zinssatz von 3M SOFR + 7% pro Jahr, zuzüglich einer Arrangement-Gebühr von 1%. Die Zahlungsbedingungen sehen eine provisorische Barkaution von 90% am ersten Geschäftstag nach Lieferung vor.
Die Bauarbeiten in Montauban sollen Mitte Q4 2025 abgeschlossen sein, und die Ergebnisse der Konzentrat-Tests werden in den kommenden Wochen erwartet.
ESGold Corp. (OTCQB: ESAUF) أمنت تمويلاً استراتيجياً غير مخفَّض بقيمة 7 ملايين CAD مع Ocean Partners UK Ltd. لمشروع Montauban للذهب والفضة في كيبيك. تشمل التسهيلة مسارين: 3 ملايين CAD ستكون متاحة قبل ثلاثة أشهر من بدء الإنتاج للمرحلة 1 (شهر فبراير 2026) و6 ملايين CAD قبل بدء الإنتاج للمرحلة 2 (شهر مارس 2027).
يتضمن الاتفاق عقد شراء (Offtake) حيث ستقوم Ocean Partners بشراء 100% من إنتاج الذهب والفضة من dore مع حد أدنى للتسليمات يبلغ 50,000 أونصة ذهب و1,000,000 أونصة فضة. تبلغ الفائدة 3M SOFR + 7% سنوياً، مع رسوم ترتيب بنسبة 1%. تشمل شروط الدفع دفعة نقدية مؤقتة بنسبة 90% في أول يوم عمل يلي التسليم.
من المقرر أن يكتمل البناء في مونتوبان بحلول منتصف الربع الرابع من 2025، وتنتظر النتائج من اختبارات المركزات في الأسابيع المقبلة.
ESGold Corp. (OTCQB: ESAUF) 已与 Ocean Partners UK Ltd. 取得一项战略性非稀释融资，金额为700万加元，用于魁北克的 Montauban 金银项目。该融资包括两笔：300万加元在第一阶段投产前三个月可用（2026年2月），以及600万加元在第二阶段投产前（2027年3月）可用。
协议包含一份购销协议，Ocean Partners 将购买 金银精矿产出量的 100%，最低交货量为 50,000 盎司金和 1,000,000 盎司银。该融资的利率为 3M SOFR + 7% 每年，另收取 1% 的安排费。支付条款包括在交货后的第一个工作日进行 90% 的临时现金支付。
Montauban 的建设目标在 2025 年第四季度中期完成，未来几周将公布精矿测试结果。
- Secured C$9 million non-dilutive funding facility with major global metals trader
- Guaranteed sales channel for 100% of gold and silver dore production
- Debt repayment aligned with production schedule, avoiding equity dilution
- 90% provisional cash payment terms on first business day after delivery
- Project construction fully funded with completion targeted for Q4 2025
- High interest rate of 3M SOFR + 7% per annum
- Minimum delivery commitments of 50,000 oz gold and 1,000,000 oz silver required
- Facility drawdown subject to various conditions precedent
- 1% arrangement fee on drawdowns reduces actual funding amount
Non-dilutive facility strengthens financial position and secures a long-term global sales channel for Montauban’s gold and silver dore
Vancouver, BC, Oct. 02, 2025 (GLOBE NEWSWIRE) -- via IBN -- ESGold Corp. (“ESGold” or the “Company”) (CSE: ESAU | OTCQB: ESAUF | FSE: Z7D) is pleased to announce it has entered into a binding term sheet with Ocean Partners UK Ltd. (“Ocean Partners”) for a Prepayment and Working Capital Facility of up to C
Key Terms of the Facility
- Facility Size: Up to C
$9 million , to be drawn in two tranches.
- Purpose: Supports completion of the Montauban processing facility and provides working capital.
- Drawdown Schedule:
• First tranche of C$3 million available approximately three months prior to anticipated Phase 1 production (expected February 2026).
• Second tranche of C$6 million available approximately five months prior to Phase 2 production (expected March 2027).
- Repayment: Facility repaid through dore deliveries in line with structured schedules per tranche.
- Offtake Contract: Ocean Partners to purchase
100% of gold and silver dore production from Montauban tailings and crown pillar material, subject to minimum deliveries of 50,000 oz gold and 1,000,000 oz silver.
- Pricing & Payments: Payable gold and silver at LBMA/COMEX settlement, with
90% provisional cash payment on the first business day following delivery.
- Interest Rate: 3M SOFR +
7% per annum, with arrangement fee of1% deducted from drawdowns.
The Facility is subject to customary conditions precedent, including completion of definitive agreements, lender due diligence, and confirmation of construction and production timelines.
Gordon Robb, CEO of ESGold, stated:
“This agreement with Ocean Partners is an important step forward for ESGold. We are very pleased to partner with such a first-class global group, and this facility significantly strengthens our financial position and provides additional financial flexibility as we advance Montauban. Ocean Partners’ support ensures that debt obligations will be serviced through operating cash flow rather than equity dilution, while establishing a stable long-term sales channel for the gold and silver dore produced from Montauban. We are excited to move ahead together on the Montauban Project and to build a lasting partnership that supports ESGold’s growth well into the future.”
A Strengthened Financial Platform
This partnership with Ocean Partners enhances ESGold’s balance sheet and secures a globally recognized partner as the Montauban Project advances through construction. The prepayment facility not only bolsters working capital and provides additional financial flexibility, it also aligns repayment directly with production, ensuring that debt obligations are serviced through operating cash flow rather than equity dilution. The accompanying offtake agreement establishes a stable, long-term sales channel for all gold and silver dore produced from Montauban, creating certainty around revenue realization and reinforcing the economic foundation of the project. Together, these elements provide ESGold with a stronger platform to deliver on its construction milestones and transition into cash-flow generation.
Brent Omland, CEO of Ocean Partners, stated:
"The Montauban project is exactly the type of innovative opportunity in which we like to be involved. ESGold has found an economically viable path forward for precious metal production from tailings and surface rock. We are very pleased to form a long-lasting partnership with the ESGold team and are excited about the long-term potential in this area of Quebec."
Why This Matters to Investors
This agreement secures a robust financing solution with a world-class counterparty. By aligning funding directly with production milestones, ESGold reduces financing risk while reinforcing its ability to deliver near-term cash flow at Montauban. The partnership further validates the Company’s strategy of advancing permitted, low-capex projects designed to generate high-margin returns while minimizing dilution.
What’s Next
- Ongoing Montauban construction, with building completion targeted for mid Q4 2025.
- Concentrate test results from Montauban expected in the coming weeks.
- Preparatory work and validation advancing in Colombia, with funding in place to support growth initiatives.
- Comprehensive 3D geological model of Montauban currently in progress, designed to integrate ANT survey results and guide systematic exploration.
- Exploration at Montauban will progress to include systematic drilling to highlight the district-scale significance of the deposit.
This agreement with Ocean Partners reinforces ESGold’s position as a fully funded company with the financial strength, strategic partnerships, and operational readiness to bring Montauban into production. With construction advancing, exploration initiatives underway, and a world-class partner now aligned with the project, ESGold is building a scalable platform designed to deliver near-term cash flow, long-term discovery potential, and sustainable shareholder value.
About ESGold Corp.
ESGold Corp. (CSE: ESAU | OTCQB: ESAUF | FSE: Z7D) is a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North and South America. The Company’s flagship Montauban Gold-Silver Project in Quebec is under construction with production anticipated in 2026. ESGold is also advancing a joint venture in Colombia, validating one of South America’s most prolific gold regions for tailings reprocessing and systematic exploration. With a dual-track strategy of cash flow today and discovery tomorrow, ESGold is building a platform for clean, sustainable growth and long-term shareholder value.
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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For further information or to connect directly, please reach out to Gordon Robb, CEO of ESGold Corp. at gordon@esgold.com or call 250-217-2321.
On behalf of the Board of Directors
ESGold Corp.
Paul Mastantuono
Chairman & COO
info@esgold.com
+1-888-370-1059
FAQ
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