Correction: Blue Gold Limited Secures $140m1 to Restart the 5.1m oz Bogoso & Prestea Gold 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 the 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, Andrew Cavaghan, emphasized the company's capability to restart the mine and bring it back into full production [3]. - The company is involved in international arbitration regarding the legality of the previous Ghana administration's actions that hindered investment in the mine [3]. - Operating the Bogoso and Prestea mine aligns with Blue Gold'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 is focused on acquiring high-potential mining assets globally and aims to unlock value in the gold sector through innovative monetization models, including asset-backed digital instruments [4]. - The company prioritizes growth, sustainable development, and transparency in its business practices, aiming to minimize its environmental footprint while creating shareholder value [5].