ESGold Corp. Secures C$9 Million Non-Dilutive Facility via Gold and Silver Dore Purchase Agreement with Ocean Partners

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) announced a definitive gold and silver dore purchase agreement with Ocean Partners UK Ltd., securing a non-dilutive working capital facility of up to C$9 million. Under the agreement, Ocean Partners will purchase 100% of ESGold's dore production from its flagship Montauban Project, with delivery made EXW at the mine site and Ocean Partners responsible for collection and logistics. Pricing is based on prevailing LBMA or COMEX market prices.

This agreement marks a significant milestone for ESGold, transitioning the company from a development-stage entity to a near-term producer. CEO Gordon Robb emphasized the importance of the partnership, stating that Ocean Partners is an internationally respected organization with extensive experience. The working capital facility provides non-dilutive funding, allowing ESGold to advance the Montauban Project without equity dilution for shareholders.

The Montauban Project is located in Quebec, Canada, and has historically produced gold and silver. ESGold has been focused on exploration and development, and this offtake agreement provides a clear path to production revenue. The deal also mitigates price risk by using market-based pricing from recognized benchmarks.

For more details, the full press release is available at https://ibn.fm/deTSj. Investors can find the latest news and updates on ESGold at the company's newsroom: https://ibn.fm/ESAUF.

This agreement underscores the growing interest in precious metals streaming and royalty arrangements, which provide capital to mining companies while allowing off-takers to secure supply. For ESGold, the deal validates the quality of its asset and its ability to secure financing from a reputable counterparty.

As the company moves toward production, the focus will be on executing its mine plan and delivering dore to Ocean Partners. The non-dilutive nature of the facility is particularly attractive in the current market environment, where equity financing can be costly for junior miners. ESGold's shareholders stand to benefit from the avoided dilution while the company retains upside from gold and silver prices.