Gold development and technology company Blue Gold Limited has raised up to $80 million to accelerate its mining expansion and advance its Digital Gold Initiative, including a blockchain-based, gold-backed stablecoin.
The funding comes from a $5 million senior convertible notes private placement with an accredited investor and a $75 million equity line of credit with an institutional investor. The financing, subject to regulatory and market conditions, is expected to strengthen the company’s balance sheet, provide working capital, and support long-term growth.
The senior notes were issued at an 8% discount, with an initial $3.5 million tranche maturing in September 2026. They carry a 7% annual interest rate and can be converted at $13.51 per share, with warrants for 215,299 ordinary shares at $16.88 each.
Proceeds will be used for strategic acquisitions of gold, uranium, and other critical minerals. One major acquisition is a 90% stake in the Mampon Gold Mine in Ghana’s Ashanti Gold Belt, involving an initial payment of approximately $26.25 million. These assets will support the company’s digital gold platform, ensuring tokens are backed by verified reserves.
Through the Digital Gold Initiative, developed with TripleBolt Technology, Blue Gold plans to launch the Blue Gold Coin (BGC).
Each token will be backed by gold futures from the company’s mining operations, giving investors a secure and transparent way to access gold in a digital format.
Blue Gold is combining high-value mining acquisitions with modern financial technology to redefine global access to gold.
