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

Core Viewpoint - Blue Gold Limited is set to acquire a 90% stake in the Mampon Gold-Copper Mine in Ghana, enhancing its operations in the Ashanti Gold Belt and unlocking significant resource potential [1][6]. Financial Details - The acquisition involves an equity issuance of approximately US $26.25 million, valued at $35 per share, to secure the majority stake [3]. - The deal features a resource-linked earn-out structure, offering 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) [3]. Resource Potential - The Mampon Mine is estimated to hold around 300,000 ounces of Measured & Indicated gold resources, with considerable exploration potential [4]. Strategic Alignment - This acquisition aligns with Blue Gold's strategy to consolidate high-potential assets near existing operations, strengthening its presence in Ghana and supporting its long-term vision of providing gold-backed digital financial solutions [6]. Operational Integration - The proximity of the Mampon Mine to Blue Gold's Bogoso-Prestea Mine and processing plant allows for efficient integration, maximizing operational efficiency and minimizing capital expenditure [4]. Regulatory and Completion Status - The transaction is subject to further due diligence, final documentation, and regulatory approvals, with no guarantee of completion on current terms [7].