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Speculative • High-Risk • Not Investment Advice
For informational, educational, and entertainment purposes only. 

Speculative • High-Risk • Not Investment Advice
For informational, educational & entertainment purposes only.

Not Investment Advice 

This content is for informational, educational, and entertainment purposes only and is not investment advice or a recommendation to buy, sell, or hold any security.

T$R independently initiated coverage of ESGold on 1 February 2022. T$R, D4 (founder of T$R), and D4’s spouse hold ESGold shares and may buy or sell ESGold securities at any time without notice. These holdings represent a financial interest and a conflict of interest, and this content may reflect bias.

After coverage was independently initiated, T$R received compensation from ESGold, including 250,000 ESGold shares and C$50,000 (before sales tax) for certain research reports. D4 also acts as a Strategic Corporate Business Advisor to ESGold outside of T$R, and D4 has personally received finder’s fees in cash and warrants and has participated in ESGold financings. These are material conflicts of interest, and this content should not be considered independent or unbiased. 

For each specific ESGold page that is compensated content, a page-specific compensated content disclosure will appear near that page’s title.

Please review the full Disclosures page and full Disclaimer using the links below.

ESGold Catalysts Tracker

This page will be be continuously updated.

Pending Catalysts

Not in chronological order

  • Drilling the 1.1 million ton near-surface historical resource 
  • Results from the 2nd Ambient Noise Tomography 
  • Drilling the very high gold grade blocks of the historical resource (phase 1 drilling – expected early spring/summer 2026)
  • Drilling new ANT derived high-priority drill targets (phase 2 drilling – expected summer/fall 2026)
  • Updated NI 43-101 resource estimate to include the near-surface historical resource (once drilled)
  • Updated PEA to include the near-surface historical resource (once drilled)
  • Closing of current financing for C$7 million – expected 10 March 2026
  • Results from the CLEVR Process – a non-cyanide process that lowers costs & increases profitability while being more environmentally friendly link


Potential Future Catalysts

Not in chronological order

  • New discoveries & expansion of the mineral reserves to add additional mine life
  • Revenue from the polymer construction material
  • Mica – off-take agreement 
  • Mica – if it can be processed into something that adds additional value (currently being analyzed – mica is used in EV batteries)Sale of carbon credits if polymer construction material offsets its own carbon emission Institutional buyingAnalyst coverageCommencement of production (expected before end of 2025)Additional reclamation/restoration projectsIncrease in the price of gold and/or silver
  • Mining sector turns bullish causing mining stocks to increase in value
  • Paying dividends (anticipated after full year of production)
  • Up-listing on another bigger exchange
  • Commissioning of the mine & 1st gold & silver pour – expected summer 2026


What Makes ESGold Desirable

For more information about what makes ESGold so desirable and why I own it as one of my core holdings, please see the following T$R articles (links):

ESGold: A Deep Dive into its Lucrative Historical Gold & Silver Resources (March 2025) 

ESGold – ~$13M Mkt Cap Junior with Est $400M (min) Pre-tax Cash Flow in the First 8.3 Years (March 2023)

ESGold’s “Blue-Sky Potential”

To read about ESGold’s “blue-sky potential,” please see the following T$R articles (links):

ESGold: The ANT Survey & the “Golden” Treasure Map to Unlock the “Blue-Sky” Exploration Potential! (March 2025)

ESGold – An Undiscovered $3.5M Mining Gem With District Scale Exploration & “Blue Sky” Mining Potential (July 2024)

Cash & Recent Private Placements

Recent warrants & financing:

ESGold Corp. Secures $3.3 Million Financing to Advance into Near-Term Gold Production 23 June 2025 

ESGold Corp. Closes C$3.45 Million Financing to Advance Montauban Toward Near-Term Gold and Silver Production 16 April 2025

$2 million loan – as of 20 October, 2024,  the company has not used any of the loan

“October 12, 2023 – TheNewswire – Vancouver, BC – ESGold Corp.(“ESGold” or the “Company”) (CSE:ESAU)(Frankfurt:N2W)(OTC:SEKZF) is pleased to announce that the Company (the “Borrower”) has entered into a CAD $2.0 million secured loan agreement (the “Loan Agreement”) with La Maison du Prêt (the ‘Lender’), a private lending company located in Montreal, Quebec, Canada that provides short term financing solutions. The funds are available for use by the Borrower, at the Company’s discretion, by way of advances under the Loan Agreement.

The Loan Agreement bears interest at a rate of eighteen percent (18%) per annum and is repayable in 12 months following final disbursement. The Loan Agreement also includes an extension clause, at the option of the Company. The Company is responsible for all fees and expenses relating to the loan. The proceeds of the loan will be used by the Company to advance the development of the Montauban project.”

Share Structure

The issued and outstanding is ~79 million shares (includes the most recent financing on 23 June 2025).

Options & Warrants

Screenshot 2025-06-24 152102
Outstanding Options as of 31 March 2025
Screenshot 2025-06-24 152222
Outstanding Warrants as of 31 March 2025

Dedicated ESGold Research Page

To view the ESGold research page with everything related to it:
https://member.tsr-d4.com/esgold/

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