ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) is moving into its next growth phase at the Montauban Gold-Silver Project in Québec, backed by a recent C$7.2 million financing. The company closed the offering in March, selling 10,683,000 units at C$0.68 per unit, with proceeds directed toward advancing the project and for general working capital and corporate purposes.
According to a publication discussing the company's momentum, ESGold remains optimistic that gold's strong price will continue, driven by global debt and political pressures. Even with expected market volatility, gold is holding approximately twice its value from two years ago. This environment has encouraged ESGold to double down on development at Montauban.
“This next phase marks an important step in defining the full scale of Montauban,” said Gordon Robb, ESGold’s CEO. The 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.
ESGold is a fully permitted, pre-production resource company focused on clean mining and exploration innovation. The company is advancing its projects toward production and feasibility while delivering long-term value through sustainable resource recovery and exploration. The flagship Montauban property is central to these efforts.
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