NetworkNewsAudio Announces Audio Press Release (APR) on Emerging Powerhouse in Gold Industry

Rhea-AI Summary

ESGold Corp. (ESAUF) has secured C$3.45 million in financing to advance its Montauban Project, a past-producing gold-silver mine in Quebec, toward production. The company has begun on-site construction and assembly, marking the final phase of infrastructure development. The Montauban Project features surface and underground mineralization along with over 900,000 tons of historical tailings. ESGold aims to achieve near-term cash flow within six months, with the construction and mobilization stage expected to last approximately one month. The company plans to transform the legacy mine site into an active gold and silver operation, targeting production for Q4, with a focus on creating a clean, scalable, and modern mining operation.

Positive

• Secured C$3.45 million in financing for project development
• Project includes valuable historical tailings of over 900,000 tons
• Near-term production timeline with cash flow expected within six months
• Final phase of infrastructure development underway

Negative

• Project is still in development phase with no current revenue
• Dependence on successful execution of construction and mobilization within one-month timeline
• Historical mine site may present unforeseen challenges during redevelopment

AUSTIN, Texas, June 06, 2025 (GLOBE NEWSWIRE) -- via IBN – NetworkNewsAudio announces the Audio Press Release (APR) titled " Next Gold Powerhouse Emerges as Prices Break Records," featuring ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF).

To hear the NetworkNewsAudio version, visit LINK

To read the original editorial, visit LINK

Earlier this year, ESGold closed on C$3.45 million financing earmarked to advance its Montauban Project toward production. This successful closing marked a pivotal point for the company, providing the necessary capital to initiate mill circuit construction and mobilize the final phase of development at Montauban. Located in Quebec, Montauban is a past-producing gold-silver mine with surface and underground mineralization and more than 900,000 tons of historical tailings.

With much of the funding in place, ESGold has already begun on-site construction and assembly at Montauban, a key milestone that moves the company into the execution phase of its accelerated production strategy, targeting near-term cash flow within the next six months. The construction and mobilization stage is expected to last about a month. According to the company, this is the final major phase of infrastructure development before production begins, transforming Montauban from a legacy mine site into one of Canada’s next active gold and silver operations.

“This is the moment we’ve been working toward — breaking ground and moving decisively toward gold and silver production,” a member of ESGold’s leadership team stated in a news release. “Our team, contractors and stakeholders are aligned and energized to deliver on our strategy. We are building a clean, scalable and modern operation that reflects the new era of mining in Quebec. With production targeted for Q4, Montauban is on track to become a model for sustainable redevelopment of legacy mines.”

About ESGold Corp.

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) is a fully permitted, preproduction 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 about the company, please visit ESGold.

About NetworkNewsAudio

NetworkNewsAudio, a service of NetworkNewsWire (NNW), allows you to sit back and listen to market updates, interviews and company press releases. NetworkNewsAudio keeps you informed on publicly traded companies we're watching. The audio clips provide snapshots of position, opportunity and momentum. NetworkNewsAudio is a Brand Awareness Distribution Solution from NetworkNewsWire.

For more information, visit: www.NetworkNewsAudio.com

NetworkNewsWire (NNW) is a comprehensive provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW has the unparalleled ability to reach a wide audience of investors, consumers, journalists and the general public. With an ever-growing distribution network of more than 5,000 key syndication outlets across the nation, NNW cuts through the overload of information in today's markets bringing its clients unparalleled visibility, recognition and brand awareness. NetworkNewsWire is where news, content and information converge.

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: https://NNW.fm/Disclaimer

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

Corporate Communications

IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com

FAQ

What is the current status of ESGold's Montauban Project?

ESGold's Montauban Project is in its final phase of infrastructure development, with on-site construction and assembly underway after securing C$3.45 million in financing.

When is ESGold (ESAUF) expected to begin production at Montauban?

ESGold is targeting production to begin in Q4, with near-term cash flow expected within six months.

How much historical tailings are present at the Montauban mine site?

The Montauban mine site contains more than 900,000 tons of historical tailings.

What is the total financing secured by ESGold for the Montauban Project?

ESGold secured C$3.45 million in financing to advance the Montauban Project toward production.

How long is the construction and mobilization phase expected to last at Montauban?

The construction and mobilization stage at Montauban is expected to last approximately one month.