Blue Gold Limited Secures $140m1 to Restart the 5.1m oz Bogoso & Prestea Mold mine, with new institutional investor committing $65m

Core Viewpoint - Blue Gold Limited has secured an additional $65 million in funding to restart the Bogoso and Prestea gold mine in Ghana, increasing total committed capital to $140 million [1][7]. Funding Details - The new funding is structured as a secured loan from a new institutional investor, specifically for the restart of the 5.1 million ounce Bogoso and Prestea gold mine [2]. - The funds are currently held in escrow and are contingent upon resolving a lease dispute with the Government of Ghana [2]. Company Strategy and Operations - The CEO of Blue Gold Limited expressed confidence in the company's ability to restart the mine and bring it back into full production [3]. - The company is prepared to drop litigation with the Government of Ghana if the lease dispute is resolved quickly [7]. - Operating the Bogoso and Prestea mine aligns with the company's strategy to tokenize its gold production, aiming to launch the world's first global gold-backed currency through its Digital Division [3][7]. Company Overview - Blue Gold Limited focuses on acquiring high-potential mining assets and aims to unlock value in the gold sector through innovative monetization models, including asset-backed digital instruments [4]. - The company emphasizes responsible development, operational transparency, and sustainable practices in its business operations [5].