Business
ESGold and DMCMS Execute Definitive Joint Venture Agreement to Produce ESG Friendly Construction Materials from Processed Tailings at Montauban
VANCOUVER, BRITISH COLUMBIA – TheNewswire - March 1, 2023 – ESGold Corp. (“ESGold” or the “Company”) (CSE:ESAU), (Frankfurt:N2W), (OTC:SEKZF) is very pleased to
About this update from Esgold Corp
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA – TheNewswire - March 1, 2023 – ESGold Corp. (“ESGold” or the “Company”) (CSE:ESAU), (Frankfurt:N2W), (OTC:SEKZF) is very pleased to announce that it has executed and finalized a definitive joint venture agreement with DMCMS Inc. to produce and sell construction building materials. The new Joint Venture will use an organic Polymer that will bond the processed tailings into building materials with shapes including, Bricks, Cinder Blocks, Paving Stones, Patio Tiles, Parking Columns and Highway Jersey Barriers used to define traffic lanes. With the addition of this initiative to ESGold’s operations, the Company can complete the cycle of environmental responsibility at its Montauban Project. This is a major environmental feat but now, with the announcement of this new Joint Venture, the Company will take the newly processed and clean tailings, mix this with the polymer and then form a variety of construction materials. The polymer is organic, requires no furnace cooking to set and as a result produces no Carbon Dioxide (“CO2”) in the creation of the building materials which have proven to be stronger than concrete. Under the terms of definitive agreement, ESGold will provide an investment financing in the total amount of $500,000 to be used for the purchase of circuit line equipment needed to produce cinder blocks, pavers, and bricks. In consideration of the $500,000 investment financing, ESGold will retain 51% of the generated net earnings of the salable materials from the tailings at ESGold’s Montauban Project or other applications using the polymer technology. ”I am very excited for our shareholders and I am looking forward to working with Domenico Malatesta on this most important environmental initiative. Mr. Malatesta’s expertise in the polymer space will allow for this new joint venture partnership to expeditiously develop an organic polymer to be utilized in the creation of building materials offering a new revenue stream with very low upfront and ongoing operational costs over and above the extraction of gold and silver at Montauban,” stated Jean Yves Therien, CEO of ESGold Corp. “Additionally, this new environmental undertaking is very important to me but most importantly is the positive environmental impact that this initiative brings to Quebec. The manufacturing of...