The Prospector News

Blue Gold Limited to Acquire 90% Stake in Mampon Gold-Copper Mine, Unlocking Significant Resource Potential in Ghana

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Blue Gold Limited to Acquire 90% Stake in Mampon Gold-Copper Mine, Unlocking Significant Resource Potential in Ghana

 

 

 

 

 

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.

 

Blue Gold Limited

 

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).

 

Located just 80 kilometers north of Bogoso, the Mampon Mine is positioned for fast-track integration into Blue Gold’s existing infrastructure. The proximity to the company’s Bogoso-Prestea Mine and carbon-in-leach processing plant presents a unique opportunity to maximize efficiency and minimize capital expenditure.

 

An independent technical review estimates that the Mampon Mine currently holds approximately 300,000 ounces of Measured & Indicated gold resources, with substantial exploration upside.

 

“This acquisition aligns perfectly with our strategy to consolidate high-potential assets within reach of our existing operations,” said a spokesperson for Blue Gold. “It strengthens our footprint in Ghana while laying the groundwork for our long-term vision of delivering gold-backed digital financial solutions.”

 

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.

 

This announcement follows Blue Gold’s July 2024 acquisition of the 5.1-million-ounce Bogoso-Prestea asset, reinforcing its commitment to building one of the most dynamic portfolios in the global gold sector.

 

Posted July 31, 2025

Share this news article

MORE or "UNCATEGORIZED"


PTX Metals Inc. Announces Second Closing of Private Placement

PTX Metals Inc. (TSX-V: PTX) is pleased to announce the closing of the second tranche (with an addit... READ MORE

October 2, 2025

Lion One Produces 5,704 Tonnes at 10.60 g/t Gold from First Shrinkage Stope at Tuvatu and Increases Underground Development Rates by 70%

Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) is pleased to provide an update on mining opera... READ MORE

October 2, 2025

ESGold Secures C$9 Million Strategic Partnership with Ocean Partners as Montauban Progress Accelerates

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is pleased to announce it has entered into a bind... READ MORE

October 2, 2025

Erdene Announces Updated Resource for the Zuun Mod Molybdenum-Copper Deposit

Erdene Resource Development Corp. (TSX:ERD) (MSE:ERDN) (OTCQB:ERDCD) is pleased to announce a... READ MORE

October 2, 2025

Copper Giant Achieves Up To 92% Copper And 97% Molybdenum Recoveries In Latest Metallurgical Testwork At Mocoa

Copper Giant Resources Corp. (TSX-V: CGNT) (OTCQB: LBCMF) (FRA: 29H0) announces results from i... READ MORE

October 2, 2025

Copyright 2025 The Prospector News