Blue Gold to acquire 90% of Mampon Gold & Copper Mine

Blue Gold signed a non-binding term sheet with FGR Bogoso Prestea Limited to acquire 90% of the Mampon Gold Mine, a high-grade gold and copper deposit located in Ghana’s world-renowned Ashanti Gold Belt. There can be no assurance that any transaction will be consummated on the terms set forth in the non-binding term sheet or at all. If consummated, this acquisition would strengthen Blue Gold’s portfolio by adding another mining project that not only complements its existing gold project, but also supports the Company’s gold-backed stablecoin initiative, giving investors exposure to real, verified assets. According to the non-binding term sheet, Blue Gold would acquire 90% ownership of a Ghana-based company to which the Mampon mining lease would be transferred, with the remaining 10% held by the Government of Ghana. As part of the initial deal, Blue Gold would issue shares worth approximately $26.25M to complete the acquisition. Beyond this upfront payment, the sellers have the potential to earn additional payments as Mampon’s gold and copper resources are confirmed and upgraded through independent reports paid for by the seller. For every ounce of confirmed gold Blue Gold will pay up to $45 per ounce, and for every ton of confirmed copper, it will pay up to $55 per ton. These payments will be made in stages as the project proves its growth potential, ensuring that Blue Gold only pays more when the value of the mine increases.