Blue Gold Limited to Acquire 90% of Mampon Gold & Copper Mine, unlocking Major Resource Upside

Core Viewpoint - Blue Gold Limited has signed a non-binding term sheet to acquire 90% of the Mampon Gold Mine in Ghana, which is expected to enhance its portfolio and provide significant resource growth potential with a premium valuation of $35 per share [1][2][3] Transaction Overview - The acquisition involves Blue Gold acquiring 90% ownership of a Ghana-based company holding the Mampon mining lease, with the Government of Ghana retaining 10% [3][4] - An initial share issuance worth approximately USD 26.25 million will be made to complete the acquisition, based on a share price of USD 35 [3] - Additional payments will be made based on confirmed gold and copper resources, with up to USD 45 per ounce for gold (capped at 6 million ounces) and up to USD 55 per ton for copper (capped at 4 million tons) [3][4] Strategic Acquisition - The Mampon Gold Mine has an estimated 300,000 ounces of Measured & Indicated gold resources and is strategically located 80 km north of Bogoso, benefiting from reliable infrastructure [4] - This acquisition complements Blue Gold's existing operations and aligns with its mission of responsible and sustainable mining while unlocking long-term shareholder value [4][5] Company Profile - Blue Gold Limited is focused on acquiring high-potential mining assets globally and aims to redefine gold production and ownership through innovative monetization models, including asset-backed digital instruments [5][6] - The company emphasizes growth, sustainable development, and operational transparency in its business practices [6]