ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has entered into binding agreements to acquire 44 mineral claims totaling approximately 2,448 hectares in Quebec's Montauban region, the company announced. The acquisition expands the company's contiguous land position around its flagship Montauban Gold-Silver Project, which is currently under construction with production anticipated in 2026.
The claims are being acquired for $70,000 in cash and 600,000 shares valued at $300,000, subject to customary closing conditions. This strategic move strengthens ESGold's foothold in the region, which is known for its mineral potential. The Montauban project is fully permitted and fully funded, positioning the company to advance its scalable clean mining model.
ESGold Corp. is a pre-production mining company focused on a dual-track strategy of cash flow today and discovery tomorrow. The company's flagship project in Quebec is expected to commence production in 2026, providing near-term revenue while exploration efforts continue. The expansion of the land package enhances the resource base and exploration upside.
For more details on the acquisition, the full press release is available at https://ibn.fm/TGZfN. Updates on ESGold Corp. can be found in the company's newsroom at https://ibn.fm/ESAUF.
The acquisition underscores ESGold's commitment to building a platform for clean, sustainable growth. By expanding its land position, the company aims to unlock additional value for shareholders while progressing toward production. The Montauban project is central to this strategy, leveraging existing infrastructure and permitting to accelerate development.
Investors and stakeholders can follow ESGold's progress as it works toward its 2026 production target. The company's focus on clean mining practices aligns with industry trends toward responsible resource extraction. With a fully funded project and a growing land package, ESGold is positioned to deliver long-term value.
