ESGold (CSE: ESAU) (OTCQB: ESAUF) announced it has signed a second memorandum of understanding (MOU) with Québec-based Gestion D.S. 50 Inc. for the potential supply and beneficial reuse of up to 200,000 metric tonnes annually of neutralized mining residue from its fully permitted Montauban Gold-Silver Project in Québec. The agreement follows an Oct. 29, 2026, MOU with Culture H. Dolbec Inc. covering up to 300,000 metric tonnes annually, bringing the combined potential supply to 500,000 tonnes.
The proposed volumes exceed the project’s current permitted processing capacity of 300,000 tonnes of historic tailings annually, which could be increased with additional permits. The agreements support ESGold’s strategy to recover precious metals from historic mine tailings while treating and repurposing residual material for approved construction applications. The company aims to combine environmental restoration with potential commercial opportunities by converting treated mining waste into usable aggregate.
Both MOUs are nonbinding, with proposed volumes representing indicative maximums rather than guaranteed commitments. Future supply remains subject to material testing, regulatory approvals and definitive agreements, with pricing and other commercial terms yet to be established. To view the full press release, visit https://ibn.fm/zJUgn.
The significance of the second MOU lies in its potential to transform the Montauban project’s economics and environmental footprint. By securing expressions of interest for up to 500,000 tonnes annually—well above the current permitted 300,000-tonne processing limit—ESGold is signaling that demand for beneficial reuse of neutralized residue could justify future permitting expansions. That scalability is central to the company’s clean mining model, which seeks to generate value from historic tailings while reducing the volume of waste requiring long-term management.
For investors, the agreements offer a preliminary indication of commercial appetite for treated mining residue as construction aggregate, though the nonbinding nature and outstanding testing and approvals mean no near-term revenue is assured. The company’s ability to convert these MOUs into definitive agreements will depend on material performance, regulatory sign-off and negotiated pricing. ESGold Corp. is a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North America, with its flagship Montauban Gold-Silver Project in Québec under construction. The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF.
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