Shares of Blue Gold (Nasdaq: BGL) leapt as long as 9.6% Wednesday after the junior miner revealed it had secured an additional $65 million in moneying to reactivate the Bogoso and Prestea golden goose in Ghana.
The brand-new dedication, from an unrevealed institutional capitalist, brings the overall resources vowed to $140 million.
Blue Gold’s market cap currently rests at $194 million. Year-to-date, the business has actually almost cut in half in worth, down 45%.
The funds are being kept in escrow, pending resolution of a mining lease conflict with the Ghanaian federal government. Blue Gold stated it is prepared to go down recurring lawsuits if the issue is cleared up instantly.
” This financing, in addition to the quantity that is currently dedicated, plainly proofs our ability to spend and reactivate in the mine to bring it back right into complete manufacturing,” president Andrew Cavaghan stated.
Transforming gold right into symbols
The mine’s reactivate aligns with Blue Gold’s more comprehensive technique to tokenize gold result by transforming extracted gold right into safe and secure electronic cash backed by that gold. The business prepares to introduce what it asserts will certainly be the globe’s initial international, gold-backed money. The effort is being led by Blue Gold’s brand-new electronic department.
The lease conflict comes from activities taken by Ghana’s previous government in September 2024, when it transferred to obstruct Blue Gold’s organized financial investment by ending the mining rents onclaims of unpaid wages Blue Gold tested the step and claims the concern is currently prior to worldwide adjudication.
” We are positive of getting to a resolution, consisting of a negotiation, to guarantee this essential mine is restored right into manufacturing as swiftly as feasible,” the business stated.
发布者：Cecilia Jamasmie，转转请注明出处：https://robotalks.cn/blue-gold-secures-140m-to-restart-ghana-gold-mine-2/
