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Blue Gold Secures Additional $65M To Restart Ghana's Bogoso And Prestea Gold Mine, Boosts Total Funding To $140M

Benzinga·11/05/2025 12:17:46
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Blue Gold Limited (NASDAQ:BGL) ("Blue Gold" or the "Company"), a next-generation gold development and technology company, is pleased to announce a further $65m1 of committed funding available to finance the restart of the Bogoso and Prestea gold mine in Ghana, bringing the total committed capital to $140m.

The funding, which comes from a new institutional investor, is structured as a secured loan for the exclusive purpose of financing the restart of the 5.1m oz Bogoso and Prestea gold mine in Ghana. The funds are being held in escrow with lawyers, conditional on the resolution of the lease dispute with the Government of Ghana.