ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) announced that it has signed a non-binding memorandum of understanding (MOU) with Québec-based Culture H. Dolbec Inc. to evaluate the potential supply and beneficial reuse of up to 300,000 metric tonnes annually of neutralized mining residue from its fully permitted Montauban Gold-Silver Project in Québec. The agreement could create an additional revenue stream alongside ESGold’s planned gold and silver recovery operations, the company said.
Under the MOU, the companies will assess the use of treated mining residue as aggregate for potential construction applications. Any definitive agreement and deliveries will depend on material characterization, environmental testing, and applicable regulatory approvals. No pricing or minimum purchase commitments have been established.
The initiative supports ESGold’s strategy to recover precious metals from historic mine tailings while addressing environmental risks associated with more than a century of mining activity in the Montauban region. The company’s planned closed-circuit processing system is designed to recover remaining gold and silver while treating, neutralizing, and stabilizing residual material for potential reuse.
“Our goal is to turn what has been an environmental liability for more than a century into something that benefits both the community and our shareholders,” said ESGold CEO and Director Gordon Robb.
For investors, the MOU signals a potential second revenue channel that could improve project economics if the residue proves suitable for construction aggregate. It also aligns with growing demand for sustainable mining practices and circular economy solutions, which may attract ESG-focused investors. The company’s shares trade on the CSE under ESAU and on the OTCQB under ESAUF. ESGold (CSE: ESAU) (OTCQB: ESAUF) is a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North America. Its flagship Montauban Gold-Silver Project in Québec is under construction.
The full press release can be viewed at https://ibn.fm/SWZez. The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF.
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