Blue Gold Enters Into Non-Binding Term Sheet To Acquire 90% Interest In Mampon Gold-Copper Mine In Ghana; Blue Gold To Issue ~$26.25M In Equity To Secure Its Majority Stake

Blue Gold Limited (NASDAQ:BGL), a leading gold mining and resource development company, today announced it has entered into a non-binding term sheet to acquire a 90% interest in the Mampon Gold-Copper Mine in Ghana, marking a strategic expansion of its operations in the Ashanti Gold Belt.

Under the proposed agreement, Blue Gold will issue approximately US $26.25 million in equity (valued at $35 per share) to secure its majority stake. In addition, the deal includes an innovative resource-linked earn-out structure: 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).

The deal supports Blue Gold's broader ambition to become the world's first fully digital gold company, leveraging its physical gold reserves to back a secure digital wallet and forthcoming Blue Gold Token (BGT).

The transaction remains subject to further due diligence, final documentation, and regulatory approvals. There is no guarantee the acquisition will be completed or finalized on the current terms.