ESGold Corp. Announces C$4.5 Million Private Placement to Advance Montauban Gold Exploration

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has announced its intention to proceed with a non-brokered private placement of up to 5.3 million flow-through common shares at 85 cents per share, aiming to raise C$4.5 million. Due to strong investor demand, the offering was increased from the C$2.9 million previously announced. The company plans to channel these proceeds into the exploration of its Montauban Property in Quebec, marking a significant step as it seeks to unlock the property's full gold potential. Red Cloud Securities Inc. will serve as a finder in connection with this offering (https://ibn.fm/3KZWH).

The focus on Montauban follows recent geological modeling that has reshaped understanding of the site. Last month, ESGold completed partial interpretation of a comprehensive three-dimensional geological model, with results indicating the property is not merely a reclamation story but potentially the nucleus of a much larger gold, silver, and base-metal district (https://ibn.fm/3Dywr). ESGold's CEO and Director, Gordon Robb, noted that what was once seen as a series of small, isolated deposits now appears as a continuous multilayered mineral system with dimensions not previously recognized at Montauban (https://ibn.fm/3Dywr). This revelation elevates the importance of the current funding round, as further exploration could substantiate these findings and detail the property's actual value.

The offering proceeds will be used for Canadian exploration expenses as defined in tax legislation, and the placement is scheduled to close on or about December 8, 2025, subject to necessary corporate and regulatory approvals, including from the Canadian Securities Exchange (https://ibn.fm/3KZWH). While ESGold has demonstrated an ability to finance exploration internally through near-term cash flow from tailings reprocessing—minimizing dilution while maximizing discovery leverage—this private placement offers a faster pathway to accelerate exploration and potentially establish the company's position in the mining sector.

The strategic importance of this funding is underscored by ESGold's prior investment of C$15 million in infrastructure at the site, including power access, roads, and a 20,000-square-foot processing facility. This infrastructure commitment highlights the company's confidence in Montauban's economic potential and readiness for advanced exploration. The increased offering size reflects investor alignment with this vision, as the capital injection aims to transform geological insights into tangible resource estimates, driving shareholder value and positioning ESGold to capitalize on what may be a district-scale opportunity.