Blue Gold Limited to Acquire 90% Stake in Mampon Gold-Copper Mine, Unlocking Significant Resource Potential in Ghana

Rhea-AI Summary

Blue Gold Limited (NASDAQ: BGL) has announced a non-binding term sheet to acquire a 90% stake in Ghana's Mampon Gold-Copper Mine. The deal is valued at US $26.25 million in equity (at $35 per share), plus a resource-linked earn-out structure of up to $45 per confirmed gold ounce and $55 per confirmed copper ton.

The Mampon Mine, located 80 kilometers north of Bogoso, currently holds approximately 300,000 ounces of Measured & Indicated gold resources. The acquisition strategically complements BGL's existing Bogoso-Prestea Mine and processing infrastructure, potentially enabling operational synergies and reduced capital expenditure.

This move follows Blue Gold's July 2024 acquisition of the 5.1-million-ounce Bogoso-Prestea asset and supports the company's vision to become the world's first fully digital gold company, backing its planned Blue Gold Token (BGT).

Positive

• Strategic acquisition adding 300,000 ounces of Measured & Indicated gold resources
• Proximity to existing infrastructure enables operational synergies and reduced capital costs
• Innovative earn-out structure caps company's financial exposure while maintaining upside potential
• Strengthens company's digital gold strategy and token backing capabilities

Negative

• Non-binding term sheet subject to due diligence and regulatory approvals
• Significant equity dilution at $26.25 million plus potential earn-out payments
• Substantial earn-out liability exposure up to 6M oz gold and 4M tons copper

News Market Reaction

-10.10%

10 alerts

-10.10% News Effect

-6.9% Trough in 5 hr 5 min

-$48M Valuation Impact

$428M Market Cap

0.3x Rel. Volume

On the day this news was published, BGL declined 10.10%, reflecting a significant negative market reaction. Argus tracked a trough of -6.9% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $48M from the company's valuation, bringing the market cap to $428M at that time.

Data tracked by StockTitan Argus on the day of publication.

New York, New York--(Newsfile Corp. - July 30, 2025) - Blue Gold Limited (NASDAQ: BGL), a leading gold mining and resource development company, today announced it has entered into a non-binding term sheet to acquire a 90% interest in the Mampon Gold-Copper Mine in Ghana, marking a strategic expansion of its operations in the Ashanti Gold Belt.

Blue Gold Limited

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Under the proposed agreement, Blue Gold will issue approximately US $26.25 million in equity (valued at $35 per share) to secure its majority stake. In addition, the deal includes an innovative resource-linked earn-out structure: up to US $45 per confirmed ounce of gold (capped at 6 million ounces) and US $55 per confirmed ton of copper (capped at 4 million tons).

Located just 80 kilometers north of Bogoso, the Mampon Mine is positioned for fast-track integration into Blue Gold's existing infrastructure. The proximity to the company's Bogoso-Prestea Mine and carbon-in-leach processing plant presents a unique opportunity to maximize efficiency and minimize capital expenditure.

An independent technical review estimates that the Mampon Mine currently holds approximately 300,000 ounces of Measured & Indicated gold resources, with substantial exploration upside.

"This acquisition aligns perfectly with our strategy to consolidate high-potential assets within reach of our existing operations," said a spokesperson for Blue Gold. "It strengthens our footprint in Ghana while laying the groundwork for our long-term vision of delivering gold-backed digital financial solutions."

The deal supports Blue Gold's broader ambition to become the world's first fully digital gold company, leveraging its physical gold reserves to back a secure digital wallet and forthcoming Blue Gold Token (BGT).

The transaction remains subject to further due diligence, final documentation, and regulatory approvals. There is no guarantee the acquisition will be completed or finalized on the current terms.

This announcement follows Blue Gold's July 2024 acquisition of the 5.1-million-ounce Bogoso-Prestea asset, reinforcing its commitment to building one of the most dynamic portfolios in the global gold sector.

For media inquiries or further information:

Investor Relations
Blue Gold Limited
Email: info@bluegoldlimited.com
Website: https://bluegoldmine.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260696

FAQ

What is the value of Blue Gold Limited's acquisition of Mampon Gold-Copper Mine?

The acquisition is valued at $26.25 million in equity (at $35 per share), plus earn-out payments of up to $45 per gold ounce and $55 per copper ton, subject to caps.

How many ounces of gold resources does the Mampon Mine (NASDAQ: BGL) currently have?

The Mampon Mine currently holds approximately 300,000 ounces of Measured & Indicated gold resources, with additional exploration upside potential.

Where is Blue Gold's Mampon Mine located in Ghana?

The Mampon Mine is located 80 kilometers north of Bogoso in Ghana's Ashanti Gold Belt, near BGL's existing Bogoso-Prestea Mine operations.

What are the earn-out terms for BGL's Mampon Mine acquisition?

The earn-out structure includes up to $45 per confirmed ounce of gold (capped at 6 million ounces) and $55 per confirmed ton of copper (capped at 4 million tons).

How does the Mampon acquisition fit into Blue Gold's strategy?

The acquisition aligns with BGL's strategy to consolidate assets near existing operations and supports their vision to become the world's first fully digital gold company backing their planned Blue Gold Token (BGT).