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ESGold Corp (OTCQB: ESAUF) is actively engaging with Quebec and Canadian governments for funding support as it advances the Montauban Project toward gold and silver production. The company is constructing a 500-tonne pilot plant and a 1,000-tonne commercial facility in Montauban, Quebec.
The project aims to create 20-30 direct jobs and additional employment through exploration activities. Key initiatives include:
- Construction of fully permitted facilities with production expected before year end
- Focus on sustainable practices and clean technology integration
- Investment in high-performance equipment and proprietary technology
- Prioritization of local contractors and regional economic development
The company's exploration activities will generate additional contract positions for drill operators, geologists, and lab technicians. ESGold's approach aligns with Quebec's clean industry initiatives and Canada's goals for innovation-driven, sustainable economic growth.
ESGold Corp (OTCQB: ESAUF) has commenced construction at its Montauban Gold-Silver Project in Quebec, marking a important step toward production. Following a successful C$3.45 million financing round in April 2025, the company has begun expanding its milling and processing facilities.
The construction phase includes several key initiatives: mobilization of cranes and heavy equipment, installation of mill components, deployment of a 1000-amp generator, STARLINK-enabled connectivity, security infrastructure, and an 1,800 sq. ft. mill building extension. The initial construction stage is expected to take approximately one month.
The company targets early Q4 for production start and plans to complete on-site mineralogy tests, publish an Updated Preliminary Economic Assessment, and release Ambient Noise Tomography Survey results. The Montauban site, with over 80 years of mining history, is being revitalized with clean processing technologies and advanced exploration tools.
ESGold Corp. (ESAUF) has successfully closed a non-brokered private placement, raising C$3.45 million in gross proceeds on April 11, 2025. The offering included 16,064,839 common shares and warrants at C$0.215 per unit, with each warrant exercisable at C$0.30 for 24 months.
The funding will primarily support the Montauban Gold-Silver Project in Quebec through:
- Mill circuit construction and assembly
- Final project mobilization
- General working capital requirements
Company insiders, including President Brad Kitchen, CEO Paul Mastantuono, and CFO Anthony Giuliano, participated with 1,250,000 units. The company paid C$165,628 in finder's fees and issued 770,361 broker warrants. This financing marks a important step toward ESGold's goal of becoming one of Canada's next gold and silver mining producers.
ESGold Corp. (ESAUF) has provided a corporate update highlighting significant progress at its Montauban Project in Quebec. The company recently secured a C$3.4M strategic financing to initiate final mill circuit construction, targeting gold and silver production in Q3 2025.
Key developments include the completion of an Ambient Noise Tomography (ANT) survey reaching depths over 800m, exceeding the initial 400m target. The project shows geological similarities to Australia's Broken Hill deposit, with the identification of rhodonite mineral further validating the exploration potential.
Upcoming milestones include:
- Completion of 3D geological model by end of April
- Final construction phase of mill circuit
- Updated Preliminary Economic Assessment (PEA)
- Implementation of grant strategy for provincial and federal funding
The company has issued 1.65 million common shares to officers and directors through its Omnibus Incentive Program, subject to quarterly vesting and statutory hold periods.
ESGold Corp. (CSE: ESAU, OTCQB: ESAUF) has announced a strategic partnership with IBN (InvestorBrandNetwork) to enhance its investor awareness in the U.S. market. This collaboration comes at a important time as the company prepares for production at its Montauban Gold-Silver Project in Q3 2025.
IBN, with its 19-year track record serving over 500 clients, will leverage its extensive network of 5,000+ media outlets, newsletters, social channels, and wire services to amplify ESGold's market presence. The partnership includes distribution through InvestorWire and IBN's 70+ investor-facing brands.
According to Brad Kitchen, President of ESGold, this partnership aligns with the company's current phase of development, featuring ongoing construction at their fully permitted project and approaching key milestones. The collaboration aims to showcase ESGold's potential in the gold and silver sector to a wider investment audience.
ESGold Corp (CSE: ESAU, OTCQB: ESAUF) has successfully completed a non-brokered private placement, raising C$3.4 million through the issuance of 15,926,933 units at US$0.15 per unit. The financing, set to close on April 11, 2025, marks a important step toward initiating the final construction phase at the Montauban Gold-Silver Project in Quebec.
The funding, primarily backed by New York-based hedge funds and family offices, will be used for:
- Mill circuit construction and engineering work
- Final project mobilization
- General working capital requirements
With over 60% of Montauban's infrastructure already in place and full permits secured, this financing enables the company to proceed toward production. The offering includes one common share and one warrant per unit, with warrants exercisable at US$0.21 for 24 months. Insider participation included subscriptions from key executives totaling 1,250,000 units.
ESGold Corp (OTCQB: ESAUF) has completed data acquisition for its Ambient Noise Tomography (ANT) survey at the Montauban Project, marking a significant milestone in subsurface exploration. The survey, conducted by Caur Technologies, deployed geophones across a 10 km² grid in early March to capture natural seismic noise.
Key developments include:
- Survey depth exceeded expectations, reaching beyond 800 metres versus the planned 400 metres
- Geophone recovery begins this week, followed by 4 weeks of data processing
- The project will produce Montauban's first comprehensive 3D geological model
- Integration with regional geological mapping, historical drilling, and geochemical datasets
This represents the first deep-sensing geophysical survey at the polymetallic property, utilizing passive seismic imaging for high-resolution 3D visualization of subsurface structures. Results are expected to be shared with the market before month-end.
ESGold Corp (CSE: ESAU, OTCQB: ESAUF, FSE: Z7D) has announced FINRA's approval of its new U.S. trading symbol change from 'SEKZF' to 'ESAUF' on the OTCQB Venture Market, effective March 26, 2025.
The symbol change aligns with the company's Canadian listing (ESAU) and reflects its brand strategy as it progresses toward production at the Montauban Project in Quebec. The company is DTC eligible, enhancing trading accessibility for U.S. investors.
According to Brad Kitchen, President of ESGold, this change represents the company's evolution from a development-stage entity to a near-term gold and silver producer with district-scale exploration potential. The update aims to improve brand recognition across global exchanges.
Shareholders require no action as the change will be automatically reflected in brokerage accounts, with no impact on share count or rights.
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