Blue Gold Limited, a next-generation gold development and technology company, has announced an additional $65 million in committed funding to finance the restart of the Bogoso-Prestea gold mine in Ghana, bringing the total amount of secured capital to $140 million.
The new funding, sourced from an institutional investor, is structured as a secured loan dedicated exclusively to reviving the 5.1 million-ounce Bogoso-Prestea operation.
According to the company, the funds are currently being held in escrow, pending the resolution of an ongoing lease dispute with the Government of Ghana.
In a statement, Andrew Cavaghan, Chief Executive Officer of Blue Gold Limited, expressed confidence in the company’s financial readiness and long-term commitment to the mine’s revival.
“This funding, along with the amount already committed, clearly demonstrates our capacity to invest in and restart the mine to bring it back into full production,” Cavaghan said.
He added that the previous Ghanaian administration, in September 2024, took actions that prevented Blue Gold from investing the secured funds by terminating the Bogoso and Prestea mining lease. The company has since disputed the legality of the termination, and the matter is currently the subject of international arbitration.
“We are confident of reaching a resolution to this dispute, including a settlement, to ensure that this important mine is brought back into production as quickly as possible,” Cavaghan noted.
The Bogoso-Prestea operation forms a central part of Blue Gold’s strategy to tokenize gold production, a move aimed at creating what the company describes as the world’s first global, gold-backed digital currency.
This initiative is being advanced through Blue Gold’s newly launched Digital Division.
Listed on NASDAQ (Ticker: BGL), Blue Gold Limited focuses on acquiring and developing high-potential gold mining assets in strategic global jurisdictions.
The company aims to unlock value through a combination of disciplined resource management and innovative monetization models, including asset-backed digital instruments.
Blue Gold emphasizes its commitment to sustainable development, operational transparency, and the use of modern financial technologies to redefine how gold is produced, accessed, and owned in the 21st century.
Blue Gold Limited is a next-generation gold development company dedicated to responsible mining and innovation in financial technology. Its mission is to merge traditional gold development with cutting-edge digital solutions, offering new pathways for investors and stakeholders in the gold economy.
This article contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.
These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. Factors that could affect Blue Gold Limited’s performance include economic and political conditions, regulatory changes, and fluctuations in gold demand.
Further information is available in the company’s filings with the U.S. Securities and Exchange Commission (SEC), including its Form 20-F filed on July 1, 2025.