Azumah Resources Denies Involvement in Purported Black Volta Gold Deal

 Azumah Resources Ghana Limited has issued a strong disclaimer, distancing itself from an alleged acquisition deal involving its flagship Black Volta Gold Project. The mining firm, headquartered in Accra, says it has no knowledge of and has not consented to any transaction with Engineers & Planners Company Limited (E&P) or any other party.

The public clarification comes in response to a document circulating in the media, promoting a “Facility Agreement Signing Ceremony – E&P Acquisition of the Black Volta Gold Project,” supposedly scheduled for July 7th, 2025, at the Marriott Hotel. Azumah has categorically denied the existence of such an agreement and labeled the invitation as unauthorized and misleading.

“We have neither sold nor are in the process of selling the Black Volta Gold Project,” the company stated, emphasizing that neither its Board of Directors nor Executive Management has sanctioned or even been informed about such a transaction.

Azumah further clarified that it has not entered into any acquisition agreements and has not authorized any third party to negotiate or act on its behalf in this regard. The company affirmed that the Black Volta Gold Project remains 100% owned by Azumah Resources and that development activities are progressing as planned.

Backed by financing from its shareholders, Azumah is currently engaged in preparatory works and is moving toward full-scale construction at the project site. The company reaffirmed its commitment to developing the project in accordance with high standards of transparency, professionalism, and alignment with Ghana’s national development goals.

The mining firm urged stakeholders, the general public, and the media to disregard the circulating invitation, cautioning that the document does not reflect its position or intentions.

“We remain focused on delivering the Black Volta Gold Project for the benefit of all stakeholders, including our partners, host communities, and the people of Ghana,” the company noted.

What’s at Stake?

The Black Volta Gold Project is one of Ghana’s most promising gold prospects. Any perceived shift in its ownership or control would be of significant interest to investors, regulators, and local communities.

The High Street Journal will continue to monitor developments on this story and provide updates as they unfold.