ESGold Corp. Expands Tailings Reprocessing Operations to Colombia Through Joint Venture

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has entered into a binding memorandum of understanding with Planta Magdalena S.A.S. to establish a joint venture focused on developing and reprocessing fully permitted gold- and silver-bearing tailings located in Bolívar, Colombia. Under the agreement, ESGold will invest C$1.5 million to acquire a 50% interest in the venture and retains a right of first refusal to purchase the remaining stake within the next 12 months.

This strategic move marks a significant expansion of ESGold's tailings-to-cash-flow model beyond its established operations in Québec. The Colombian venture represents the company's first international expansion of its innovative approach to mining, which combines resource recovery with environmental remediation. The timing is particularly strategic given Colombia's position as one of South America's top gold-producing regions, where tailings reprocessing can address both economic and environmental concerns simultaneously.

The joint venture has the potential to establish a second high-margin operation for ESGold by 2026, diversifying the company's revenue streams while leveraging its expertise in sustainable resource recovery. The fully permitted status of the tailings site eliminates typical development hurdles and accelerates the path to production. This expansion demonstrates ESGold's commitment to scaling its proven business model while contributing to environmental improvement in mining regions.

For investors seeking additional information, the company maintains its newsroom at https://ibn.fm/ESAUF where updates regarding this development and other corporate activities are regularly posted. The full details of the memorandum of understanding are available through the official press release accessible at https://ibn.fm/DPrRi providing comprehensive information about the terms and strategic implications of this international expansion.