Research analysts covering Blue Gold.
Recent press releases and 8-K filings for BGL.
Blue Gold Limited Enters $2 Million Facility Agreement
BGL
Debt Issuance
New Projects/Investments
- Blue Gold Limited entered into a Facility Agreement with Kaela Ritchie on January 10, 2026.
- The agreement provides a drawdown loan facility of up to $2,000,000 for the purpose of providing the borrower with working capital.
- Interest will accrue at 10% per year on drawn amounts, with a maximum aggregate drawdown of $500,000 per week.
- The facility is available for drawdown for six months from January 9, 2026, and matures on January 9, 2027.
Jan 14, 2026, 1:00 PM
Blue Gold Limited Subsidiary Secures Gold Purchase and Trading Facilities
BGL
New Projects/Investments
Debt Issuance
- Blue Gold Limited's wholly-owned subsidiary, Blue Goldmine FZCO, entered into a Gold Sale and Purchase Agreement on December 1, 2025, establishing a framework to acquire up to 1,000,000 troy ounces of gold.
- This agreement includes a $100 million secured funding facility from the seller to finance purchases, with the seller receiving 50% of the profit margin from the onward sale of financed gold.
- Additionally, Blue Goldmine FZCO entered into a $15,000,000 gold trading facility with a third-party lender on December 1, 2025, for which Blue Gold Limited provides a corporate guarantee.
- For the trading facility, Blue Goldmine FZCO will provide $5 million in cash collateral, and positive profit margins from trading cycles will be shared with the lender on a 2:1 basis (Borrower:Lender). The trading facility is available until December 31, 2026.
Dec 3, 2025, 9:23 PM
Blue Gold Limited Completes Second Closing of Convertible Note and Warrant Issuance
BGL
Debt Issuance
Convertible Preferred Issuance
- On November 12, 2025, Blue Gold Limited completed the second closing of a securities purchase agreement.
- In this transaction, the company issued a Senior Convertible Note with a principal amount of $1,630,435 and warrants to purchase up to 64,590 Ordinary Shares for an aggregate purchase price of $1,500,000.
- The Note matures on November 12, 2026, bears interest at 7% per annum, and is convertible into Ordinary Shares at an initial price of $13.51 per share.
- The Warrants are exercisable at $16.88 per share and can be exercised until November 12, 2030.
Nov 13, 2025, 1:01 PM
Blue Gold Limited Secures in Committed Capital to Restart Bogoso & Prestea Gold Mine
BGL
Debt Issuance
New Projects/Investments
Legal Proceedings
- Blue Gold Limited has secured US $140 million in total committed capital to restart the 5.1 million oz Bogoso & Prestea gold mine in Ghana.
- This funding includes a new US $65 million secured loan from City First Capital Pty Ltd and a previously committed, undrawn US $75 million Equity Line of Credit.
- The new loan facility, totaling AUD$100 million, carries a 24% per annum interest rate, with quarterly payments of AUD$6,000,000.00, and matures on November 3, 2029.
- A USD$1 million establishment fee for the loan will be settled in Class A ordinary shares, and the drawdown is conditional on resolving a lease dispute with the Government of Ghana.
Nov 5, 2025, 10:00 PM
Blue Gold Limited Announces Business Combination, Lease Dispute, and Going Concern Doubt
BGL
Legal Proceedings
M&A
Profit Warning
- Blue Gold Limited (BGL) completed its business combination on June 25, 2025, and its Ordinary Shares and Warrants are now traded on Nasdaq under "BGL" and "BGLWW" respectively.
- BGL is engaged in a significant legal dispute over the termination of mining leases for the Bogoso Prestea Mine, initiating international arbitration against the Republic of Ghana on April 2, 2025, with an uncertain outcome that could materially impact its business.
- For the six months ended June 30, 2025, BGL reported a net loss of $7,835,939 and cash flows used in operations of $4,499,012. As of June 30, 2025, the company had $307,699 in cash and a net working capital deficit of $10.7 million.
- Management has determined that BGL's liquidity condition raises substantial doubt about its ability to continue as a going concern for the next twelve months and thereafter.
- On September 17, 2025, BGL entered into an agreement to acquire up to a 90% interest in the Mampon Gold and Copper Mining Lease in Ghana, with a $15 million first tranche payment in ordinary shares.
Oct 21, 2025, 12:31 PM
Blue Gold Limited Initiates M&A Growth Strategy with Mampon Mining Lease Acquisition
BGL
M&A
New Projects/Investments
- Blue Gold Limited (BGL) signed a definitive Purchase Agreement on September 17, 2025, with FGR Bogoso Prestea Limited (FGRBPL) to acquire up to a 90% interest in the Mampon Gold and Copper Mining Lease located in Ghana’s Ashanti Gold Belt.
- The acquisition is structured in two tranches. The First Tranche involves a $15 million payment for a 50% stake in the Licensing Company, satisfied by issuing 750,000 ordinary shares to FGRBPL, with potential adjustments based on the Volume Weighted Average Price (VWAP).
- The Second Tranche is an option, exercisable between 12 and 18 months after the Purchase Agreement date, for the remaining 50% stake. Payment for this tranche is based on independently verified resource upgrades, valued at up to $55 per ounce of gold (capped at 6 million ounces) and up to $50 per ton of copper (capped at 4 million tons).
- This transaction marks the first step in Blue Gold's broader planned M&A growth strategy, aiming to expand its portfolio of high-grade resources and high-potential exploration locations. The Mampon lease has an estimated 260,000 ounces of Indicated gold resources.
Sep 18, 2025, 12:30 PM
Blue Gold Limited to Hold Extraordinary General Meeting for Charter Amendments
BGL
Proxy Vote Outcomes
Accounting Changes
M&A
- Blue Gold Limited will hold an Extraordinary General Meeting on September 8, 2025, to consider proposed amendments to its memorandum and articles of association.
- The primary purpose of the amendments is to adopt Second Amended and Restated Memorandum and Articles of Association (A&R Articles) to clarify the status of certain Ordinary Shares issued in connection with the Business Combination that was consummated on June 25, 2025.
- Shareholders of record as of August 19, 2025, are entitled to vote, with 33,055,181 Ordinary Shares outstanding on that date.
- Approval of the resolution requires an affirmative vote of at least three-quarters of the votes cast, and the Board unanimously recommends a "FOR" vote.
Aug 29, 2025, 2:39 PM
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