Blue Gold Limited SEC Filings

Schedule 13G filing for Blue Gold Limited (CUSIP G1331C104) discloses that a group of Resource Capital Funds (RCF) entities, led by RCF VII Sponsor LLC, has acquired and beneficially owns 1,903,125 Class A Ordinary Shares of the issuer, equal to 6.2 % of the outstanding shares as of 25 June 2025 (based on 30,571,764 shares outstanding).

The reporting group consists of four related entities—RCF VII Sponsor LLC (Delaware), Resource Capital Fund VII L.P., Resource Capital Associates VII L.P. and RCFM GP L.L.C. (Delaware). Voting and dispositive power over the full position is held solely by the group; no shared power is reported. Each entity has certified there have been no criminal convictions or civil securities-law judgments in the past five years.

Key structural details

• All shares are held directly by RCF VII Sponsor LLC; upstream control runs through RCF VII, Associates VII and ultimately RCFM GP L.L.C.
• The filing is made pursuant to Rule 13d-1(c) (passive investor >5 % but <20 %).
• No additional persons are reported to have the right to receive or direct the disposition of the shares (Item 6 — not applicable).
• Certification under Item 10 affirms the accuracy of the information; signatures dated 09 July 2025 by Mason Hills (General Counsel) on behalf of each entity.

Investor takeaways

• An institutional resource-sector specialist has taken a meaningful minority stake, signalling confidence in Blue Gold Limited’s prospects.
• The 6.2 % position does not confer control but could still influence governance matters given the company’s relatively small free float.
• No indication of intent to seek control or to engage in activist activity; the filing remains passive (Schedule 13G versus 13D).

Blue Gold Ltd. (BGL) – Schedule 13D filing dated 8 July 2025

The filing consolidates the equity positions of CEO Andrew Cavaghan, his spouse, and three affiliated entities—BCMP Services Ltd., Pegasus Capital Ltd. and Pegasus Capital Holdings Ltd.—revealing aggregate beneficial ownership of 3,971,493 ordinary shares, or 13 % of BGL’s 30,571,764 shares outstanding.

Ownership breakdown

• Cavaghan (direct): 3,352,498 shares (11.0 %); shared power over 617,670 shares.
• BCMP Services Ltd.: 612,500 shares (2.0 %) with shared voting/dispositive power.
• Pegasus Capital Ltd.: 2,593,430 shares (8.5 %) under sole control of Cavaghan.
• Pegasus Capital Holdings Ltd.: 5,170 shares (0.2 %) jointly owned by Andrew & Elizabeth Cavaghan.
• Elizabeth Cavaghan (direct): 1,325 shares with additional shared power over 5,170 shares.

How the shares were obtained: The interests stem from the 25 June 2025 business combination between Blue Gold, Perception Capital Corp IV and Blue Gold Holdings Ltd. Shares previously held indirectly through a trust linked to Future Global Resources were exchanged for BGL ordinary shares at closing. BCMP’s position originated from preference shares in Perception that converted at a $0.06 exercise price.

Purpose of transaction: Purely investment. The reporting persons state no agreements to act in concert regarding voting or disposition, and no additional contracts or arrangements exist.

Implications for investors: The disclosure confirms that BGL’s CEO retains a significant personal and affiliated stake, aligning management with shareholders but also concentrating 13 % of voting power in one insider group. No intention to acquire additional shares or effect strategic changes was communicated, suggesting a neutral immediate impact on capital structure or control.