Blue Gold Limited BGL, the next-generation gold mining and development company, is strengthening its position as a leading gold miner and its gold-backed stablecoin by acquiring 90% of Mampon Gold & Copper Mine in Ghana's Ashanti Gold Belt from FGR Bogoso Prestea Limited. The Ashanti Gold Belt is known for being rich in gold, has a long history of production and is home to some of the world's most productive gold mines, according to the company.
Blue Gold is paying $26.25 million initial consideration for the purchase of the Mampon Gold & Copper Mine, at $35 per share. The deal is structured so that further payments are tied to resource confirmation — up to $45 per gold ounce (up to 6 million ounces) and $55 per ton of copper (up to 4 million tons). The company pays more only when proven value increases.
Merging Mining With Digital Finance
The deal also underscores Blue Gold's vision to merge precious-metal mining with digital finance. Earlier last month, Blue Gold announced a partnership with TripleBolt Technology LLC to launch a digital token backed by gold futures. Dubbed Blue Gold Token (BGT), it is a blockchain-backed token representing forward contracts for up to 1 million grams of physical gold each, with the potential to issue multiple contracts. The instruments would offer investors a digitally native, asset-backed instrument that blends the value of gold with the efficiency and transparency of blockchain technology.
Blue Gold isn't the first company to launch a digital token backed by gold, but unlike the others that source gold from third-party vaults, it owns the mines and production that backs its digital token. It already owns the Bogoso Prestea Gold Mine, located in Ghana's Ashanti Gold Belt, and now it will be able to integrate Mampon’s verified assets into its gold-backed stablecoin initiative, offering investors both blockchain exposure and physical asset backing.
Tapping Into Surging Demand For Gold And Copper
Mampon comes with 300,000 ounces of measured and indicated gold resources, plus there is the potential for substantial upside for copper. The mine is situated just 80 kilometers (50 miles) from Blue Gold's flagship Bogoso-Prestea Mine. As a result, the company can leverage its existing infrastructure at Bogoso, potentially helping to position it for a swift ramp-up without significant new investment required.
In addition to backing Blue Gold's digital finance strategy, the company is tapping into another resource that is in high demand – copper. According to the International Energy Agency, global copper demand, spurred on by electric vehicles, renewables and electric grid upgrades, could exceed supply by 30% by 2035, which would bode well for Blue Gold.
While copper has long played a key role in the development of automobiles, as the market for EVs takes off globally, copper will be needed for batteries, electric motors, charging stations and other components.
Even with President Trump imposing new 50% U.S. copper tariffs on the industry, copper miners remain bullish about the long-term prospects because of the demand and shortage of supply, even if there is short-term price volatility.
Take Barrick Mining Corp. B, the world's second-largest gold-producing company and a major copper producer, as one example. It is expanding its copper mining operations in Zambia despite the current environment. “We are seeing a shortage in supply, and growing demand, particularly with the data centers, the movement to cleaner energy, and just generally as the emerging markets start investing in industrialization, which is a big consumer of copper,” CEO Mark Bristow told Reuters in a recent report, underscoring the industry's stance on copper. “So, everyone is in agreement that the copper demand is outgrowing the supply side.”
Blue Gold's Mampon acquisition is far more than a mining transaction – it's a statement. In a world transitioning to clean energy and digitized finance, Blue Gold offers retail investors exposure to gold, copper and blockchain-backed assets, all under one roof. Considering copper's expanding industrial role and gold's enduring value, Blue Gold may just be scripting the next frontier where materials meet money.
Featured image from Shutterstock.
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