Blue Gold Limited forms advisory board for blockchain initiatives

NEW YORK - Blue Gold Limited (NASDAQ:BGL), a $935 million market cap mining technology company currently rated as undervalued according to InvestingPro analysis, announced Tuesday the formation of an Advisory Board for Blockchain Evolution to support its initiatives in digitizing real-world assets, including gold.

The company appointed T. Jack Williams as the first member of the advisory board. Williams, recognized as the inventor of the electronic gift card, is the Founder and CEO of B4U Financial LLC, which provides liquidity solutions for cryptocurrencies. His background includes serving as CEO of eCommlink, SVP for National Processing Company, and an eight-year tenure on the Federal Reserve Board’s Payment Card Committee. The appointment comes as Blue Gold demonstrates strong financial performance, with remarkable revenue growth of over 860% in the last twelve months and maintaining a healthy P/E ratio of ~14.

"Tokenized gold is rapidly becoming a core diversification strategy for crypto-native investors," Williams said in a statement.

Andrew Cavaghan, CEO of Blue Gold, described the launch of the advisory board as a milestone for the company. The advisory board will provide guidance on compliance, innovation, tokenization frameworks, and institutional partnerships as the company advances its gold-backed digital token initiative.

Blue Gold plans to announce additional advisory board members in the coming weeks, according to the press release.

The company describes its planned gold token as designed to deliver a transparent, auditable, and liquid gold exposure mechanism.

Blue Gold Limited focuses on acquiring mining assets across global jurisdictions and developing innovative monetization models, including asset-backed digital instruments. The company maintains a "GREAT" financial health score according to InvestingPro metrics, which offers 12 additional investment insights and real-time analysis for subscribers.

In other recent news, Blue Gold Limited has announced a strategic partnership with TripleBolt Technology LLC to develop a gold-backed digital token. The planned Blue Gold Coin would be supported by six-year forward delivery contracts for up to 1 million grams of gold from Blue Gold’s mining assets. This initiative aims to merge the value of gold with the transparency and efficiency of blockchain technology. Additionally, Blue Gold is exploring acquisition opportunities in West Africa and Latin America following its recent listing on Nasdaq. The company is targeting gold assets that are either producing or near production, with potential sellers showing interest in share-for-share exchanges. Blue Gold’s current portfolio is anchored by the Bogoso Prestea Mine in Ghana, which the company acquired in 2024. The firm is focused on restarting operations at this mine as soon as possible. Blue Gold emphasizes growth, sustainable development, and transparency in its operations, aiming to enhance shareholder value while minimizing environmental impact.

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