Blue Gold Limited Signs Purchase Agreement for Gold & Copper Mining Lease, Marking First Step in Broader Planned M&A Growth Strategy

Core Viewpoint - Blue Gold Limited has signed a definitive Purchase Agreement to acquire up to a 90% interest in the Mampon Gold & Copper Mining Lease in Ghana, aligning with its strategy to expand its portfolio of high-grade resources and exploration locations [1][2][5] Transaction Overview - The Purchase Agreement allows Blue Gold to acquire the Mampon mining lease in two tranches, with the first tranche involving a payment of $15 million for a 50% stake in the Licensing Company [3][6] - The second tranche is structured as an option exercisable between 12 and 18 months after the agreement, contingent on independently verified resource upgrades [6] Strategic Impact - The Mampon mining lease contains an estimated 260,000 ounces of Indicated gold resources, with potential for further exploration of gold and copper [4] - The location of Mampon, 80 km north of Bogoso, provides strategic proximity to Blue Gold's existing operations, enhancing operational synergies [4] Broader M&A Growth Plan - The acquisition of Mampon is part of a broader strategy for Blue Gold to pursue additional acquisitions across Africa and beyond, aimed at expanding its resource base and supporting its digital gold initiatives [5]