Blue Gold Limited Updates Shareholders on Strategic Growth and Vision to Become the World’s First Digital Gold Company

Rhea-AI Summary

Blue Gold Limited (Nasdaq: BGL) has announced strategic initiatives to transform into the world's first digital gold company. The company has signed a non-binding term sheet to acquire the Mampon Copper/Gold mining license in Ghana for an initial consideration of $26.25m, targeting resources of 300,000 oz of gold.

Key developments include the exploration of the Blue Gold Token (BGT), a fractional gold futures token in partnership with TripleBolt Technology, and plans for a digital gold wallet with payment platform. The company is actively pursuing acquisition opportunities to reach 2 million ounces of annual production within five years. Additionally, BGL continues to work on resolving the Bogoso Prestea mine lease dispute with the Ghanaian government while proceeding with international arbitration.

Positive

• Strategic acquisition of Mampon Copper/Gold license with favorable payment terms capped at $45/oz for gold and $55/ton for copper
• Innovative digital transformation through BGT token and payment platform development could create new revenue streams
• Ambitious growth target of 2 million ounces annual production within 5 years
• Risk-mitigated acquisition structure with seller bearing drilling and feasibility study costs

Negative

• Ongoing lease dispute with Ghana government over Bogoso Prestea mine remains unresolved
• Mampon acquisition terms are non-binding, indicating deal uncertainty
• Digital initiatives (BGT token and payment platform) are still in exploratory phase with no concrete timeline

Insights

Mining Industry Analyst

Blue Gold advances dual strategy: acquiring Ghana's Mampon mine while developing digital gold tokens, balancing traditional mining with fintech innovation.

Blue Gold Limited is executing a two-pronged strategy that merges traditional mining expansion with digital innovation. The company's acquisition of the Mampon Copper/Gold license in Ghana represents a calculated risk-mitigation approach, with payment terms structured to protect shareholders. The $26.25 million initial consideration (at a $35 share price) for an estimated 300,000 ounces of Measured and Indicated Gold Resource translates to $87.50 per ounce - well below industry acquisition averages. The additional resource payments are capped at $45 per ounce for gold and $55 per ton for copper, only payable after independent verification.

This earn-out structure shifts exploration risk to the seller while providing Blue Gold with potential resource upside. The company's target of 2 million ounces of annual production within five years would represent significant growth from current operations. However, investors should note the ongoing lease dispute with Ghana's government regarding the Bogoso Prestea mine, which presents regulatory uncertainty despite the company's dual-track resolution approach.

What's particularly noteworthy is Blue Gold's digital transformation strategy. The Blue Gold Token (BGT) concept essentially creates a forward-selling mechanism for production, potentially unlocking capital without traditional dilution or debt. This approach could revolutionize mining finance if successful, creating a new funding channel while building direct consumer relationships. The vision of integrating this with payment systems represents a novel attempt to increase gold's utility beyond store-of-value - essentially attempting to make gold spendable in everyday transactions, which could expand gold's addressable market significantly.

Financial Technology Specialist

Blue Gold's digital transformation initiative represents a fascinating bridge between traditional asset mining and modern financial technology. The proposed Blue Gold Token (BGT) system isn't merely a cryptocurrency play - it's a fundamental reimagining of how mining companies can finance operations and distribute their product. By creating tokens representing fractional gold futures, the company is essentially establishing a direct-to-consumer pre-sale channel that bypasses traditional financing mechanisms.

This approach offers several potential advantages: reduced capital costs by avoiding investment banking fees and interest; price stability through contracted future sales; and customer acquisition by building a direct relationship with end consumers of gold. The innovation extends further with the planned gold-backed debit card system, which addresses one of gold's primary limitations - its lack of transactional utility.

From a technical perspective, this "mine-to-wallet" ecosystem could significantly reduce friction in gold ownership and transactions. Traditional gold investing requires custody solutions, authentication concerns, and faces high transaction costs. A properly executed digital system with direct producer backing could solve these challenges while maintaining gold's inherent value proposition.

The partnership with TripleBolt Technology suggests Blue Gold is seeking technical expertise rather than attempting to build this infrastructure independently - a prudent approach given the complexity of blockchain systems. However, regulatory compliance across multiple jurisdictions remains a significant hurdle, particularly for a gold-backed payment system. The promised white paper in 2025 will be crucial for evaluating the technical and regulatory feasibility of this ambitious vision.

NEW YORK, July 28, 2025 (GLOBE NEWSWIRE) -- Blue Gold Limited (Nasdaq: BGL) ("Blue Gold" or the “Company”), a next-generation gold development and technology company, today provided a shareholder update highlighting significant operational advancements, strategic initiatives, and its evolving vision to become the world’s first fully digital gold company.

ASSET DEVELOPMENT AND STRATEGIC M&A

Blue Gold continues to execute its growth strategy by focusing on high-quality, high-margin gold and copper assets:

Strategic Pipeline: Blue Gold is actively evaluating accretive acquisition opportunities targeting 2 million ounces of annual production within five years and providing geographic diversification, underscoring its commitment to building a multi-asset, multi-jurisdictional gold producer.

Mampon Copper/Gold License Acquisition: The Company has signed its first non-binding term sheet to acquire the Mampon Copper/Gold mining license in Ghana, located approximately 80 km north of its Bogoso and Prestea mines. The acquisition structure allocates the cost of further drilling and feasibility studies to the seller, with payment contingent upon verification of resources by independent experts. Under the current terms, Blue Gold’s payment is capped at no more than $45 per oz and 6 million ounces of gold where the grade is greater than 3g/t and no more than $55 per ton and 4 million tons of copper where the grade is greater than 2%, ensuring a low-risk, high-return expansion opportunity. This is in addition to the initial consideration of $26.25m, at a $35 share price, for what the seller estimates to be 300,000 oz of Measured and Indicated Gold Resource.

Proactive Resolution of Bogoso Prestea Dispute: The Company continues to engage constructively with the Government of Ghana to resolve the lease dispute concerning the Bogoso Prestea mine, whilst also pressing ahead with the already initiated international arbitration.

DIGITAL GOLD: FROM MINE TO WALLET

Blue Gold is advancing its digital transformation strategy to create non-dilutive, technology-driven funding solutions and consumer products:

Blue Gold Token (BGT): In partnership with TripleBolt Technology, Blue Gold is investigating the creation of a BGT, a fractional gold futures token enabling individuals to acquire future gold production at competitive rates. This initiative has the potential to unlock new capital streams, reduce reliance on equity or debt, and create a transparent, asset-backed digital ecosystem.

Integrated Payments Vision: The Company is also exploring a digital gold wallet and payment platform to enable customers to hold and spend gold through everyday transactions. By pairing BGT with a gold-backed debit card, Blue Gold aims to become the world’s first “mine-to-wallet” digital gold company, merging hard-asset security with fintech innovation.

Upcoming White Paper: A comprehensive white paper on the BGT project and its potential impact on Blue Gold’s business model will be released in 2025.

"Blue Gold is evolving into a diversified gold platform that merges the physical strength of mining assets with the scalability of digital finance,” said Andrew Cavaghan, Chief Executive Officer of Blue Gold Limited. “While we continue to work towards resolving the Bogoso Prestea matter, our focus remains on growth, innovation, and delivering long-term value for our shareholders. The Mampon opportunity and the development of BGT will be key milestones in our journey to redefine what a modern gold company can be. Blue Gold remains steadfast in executing its vision of becoming a next-generation gold leader by combining strong operational performance with digital innovation.”

About Blue Gold Limited
Blue Gold Limited (Nasdaq: BGL) is a next-generation gold development company focused on acquiring and aggregating high-potential mining assets across strategic global jurisdictions. The Company’s mission is to unlock untapped value in the gold sector by combining disciplined resource acquisition with innovative monetization models, including asset-backed digital instruments. Blue Gold is committed to responsible development, operational transparency, and leveraging modern financial technologies to redefine how gold is produced, accessed, and owned in the 21st century.

Blue Gold prioritizes growth, sustainable development, and transparency in all our business practices. We believe that our commitment to responsible mining will enable us to create value for our shareholders while minimizing our environmental footprint.



Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe harbor for forward-looking statements provided by Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on these forward-looking statements, which are current only as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Important factors that could cause actual results to differ materially from those discussed or implied in the forward-looking statements include, but are not limited to: general economic or political conditions; negative economic conditions that could impact Blue Gold Limited and the gold industry in general; reduction in demand for Blue Gold Limited's products; changes in the markets that Blue Gold Limited targets; and any change in laws applicable to Blue Gold Limited or any regulatory or judicial interpretation. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in Blue Gold Limited’s shell company report on Form 20-F, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2025, and other filings with the SEC. In light of these risks, uncertainties, and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results, and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events, or otherwise. For more information regarding Blue Gold Limited, please visit https://bluegoldmine.com.

No Offer or Solicitation
This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed business combination. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption.

For Further Information Contact:
Tavistock Communications
BlueGold@tavistock.co.uk
+44 20 7920 3150

Skyline Corporate Communications Group, LLC
Scott Powell, President
One Rockefeller Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835
Email: info@skylineccg.com

FAQ

What is Blue Gold Limited's (BGL) strategy for the Mampon Copper/Gold acquisition?

BGL signed a non-binding term sheet to acquire the Mampon license in Ghana for $26.25m initial consideration, with additional payments capped at $45/oz for gold (>3g/t) and $55/ton for copper (>2%). The seller will cover drilling and feasibility study costs.

How is Blue Gold (BGL) addressing the Bogoso Prestea mine dispute in Ghana?

BGL is pursuing dual approaches: engaging in constructive discussions with the Ghana government while simultaneously proceeding with international arbitration to resolve the lease dispute.

What is the Blue Gold Token (BGT) and how will it benefit BGL?

BGT is a planned fractional gold futures token that will allow individuals to purchase future gold production. It aims to create non-dilutive funding and establish a digital ecosystem combining mining with fintech innovation.

What are Blue Gold's (BGL) production targets and expansion plans?

BGL is targeting 2 million ounces of annual production within five years through strategic acquisitions, focusing on building a multi-asset, multi-jurisdictional gold producer.

How is Blue Gold (BGL) planning to transform into a digital gold company?

BGL is developing a comprehensive digital ecosystem including the BGT token, a digital gold wallet, and a gold-backed debit card to create the first 'mine-to-wallet' digital gold company.