Blue Gold Limited, a forward-thinking gold development and technology company based in New York, has recently taken a significant step in its growth strategy. The Company announced that it has finalized a definitive Purchase Agreement (PA) with FGR Bogoso Prestea Limited to acquire up to a 90% interest in the Mampon Gold & Copper Mining Lease, situated in Ghana’s Ashanti Gold Belt.
This agreement comes on the heels of a previous announcement made in July 2025, where Blue Gold revealed an intention to acquire Mampon through a non-binding term sheet. The successful execution of the PA aligns seamlessly with Blue Gold’s strategy of seeking acquisition opportunities to enhance its portfolio of high-grade resources and promising exploration locations in key areas.
As outlined in the terms of the PA, should the option be exercised, FGRBPL will transfer the remaining 50% stake of the Licensing Company to Blue Gold. The Mampon lease is noteworthy for its estimated deposit of 260,000 ounces of Indicated gold resources, along with significant potential for further exploration of both gold and copper. The location of Mampon is particularly strategic, as it is just 80 kilometers north of Bogoso and its carbon-in-leach processing plant, providing logistical advantages to Blue Gold’s flagship operations.
CEO Andrew Cavaghan emphasized the importance of this milestone, stating, “The signing of this definitive agreement is a milestone moment for Blue Gold. We hope that Mampon will be the first of many strategic acquisitions that will expand our resource base, support our gold-backed digital initiatives, and strengthen our presence in Ghana’s Ashanti Belt.”
This acquisition marks a crucial step in Blue Gold’s broader merger and acquisition growth plan. The Company aims to pursue additional acquisitions across Africa and beyond, enhancing its resource base and gold assets while unlocking high-potential exploration locations. This strategy also supports Blue Gold’s Digital Gold Initiative, focusing on developing secure, gold-backed digital instruments.
Blue Gold Limited is dedicated to unlocking untapped value in the gold sector through disciplined resource acquisition and innovative monetization models, including asset-backed digital instruments. The Company emphasizes responsible mining practices, operational transparency, and leveraging modern financial technologies to redefine the gold sector for the 21st century. Blue Gold remains committed to sustainable development and transparency in all business practices, believing that responsible mining will create value for shareholders while minimizing environmental impact.
It’s important to note that forward-looking statements in this release caution against undue reliance, as they involve inherent risks and uncertainties. These factors could cause actual results to diverge materially from expectations, underlining the complexities and challenges faced by the Company. Any changes in economic conditions, market demand, or applicable laws could significantly impact Blue Gold’s future performance and operations.
Finally, the release clarifies that it does not constitute a solicitation of any proxy, consent, or authorization regarding securities or proposed business combinations, nor does it offer or solicit an offer to buy any securities in jurisdictions where such activities would be unlawful.
For additional information, interested parties are encouraged to visit Blue Gold Limited’s official website.
