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NEW YORK - Blue Gold Limited (NASDAQ:BGL), a $907 million market cap mining company currently trading below its InvestingPro Fair Value, has entered into a strategic partnership with TripleBolt Technology LLC to explore the development of a blockchain-based digital asset backed by gold futures, according to a company press release issued Thursday.
The planned Blue Gold Coin (BGC) would be backed by six-year forward delivery contracts for up to 1 million grams of gold from the company’s mining assets. The initiative aims to combine gold’s value with blockchain technology’s efficiency and transparency. The company’s strong financial position is reflected in its impressive 861% revenue growth over the last twelve months.
TripleBolt Technology is led by Nathan Dionne, a technology executive who previously co-founded NorthOut and served as Chief Technology Officer at Barstool Sports. "The future of gold is digital," Dionne stated in the release. "We’re excited to bring blockchain transparency and flexibility to a historically illiquid asset class."
The token launch will follow a phased approach, beginning with a private sale to strategic investors before broader availability through blockchain platforms, pending legal and regulatory approvals. Proceeds will be used to accelerate Blue Gold’s production timeline and support growth initiatives.
Blue Gold acquired the 5.1 million ounce Bogoso Prestea Mine in Ghana in 2024 and plans to restart operations at the site. The company trades on the Nasdaq under the ticker BGL and maintains a "GREAT" overall financial health score according to InvestingPro analysis, which offers 12 additional investment insights for subscribers.
The press release contains forward-looking statements subject to risks and uncertainties, including economic conditions, regulatory changes, and market factors that could affect the company’s performance. For comprehensive financial analysis and real-time alerts on BGL, visit InvestingPro.
In other recent news, Blue Gold Limited has announced its exploration of acquisition opportunities following its listing on Nasdaq. The company, which completed a business combination with Perception Capital Corp. IV, is targeting gold assets in West Africa and Latin America that are either producing or near production. Blue Gold is considering share-for-share exchanges to potentially accelerate gold production. The company’s current portfolio is centered around the Bogoso Prestea Mine, which holds a 5.1 million ounce gold resource in Ghana. Blue Gold acquired this mine in 2024 and is prioritizing restarting its operations as soon as possible. The firm emphasizes a strategy focused on growth, sustainable development, and transparency. While specific timelines for acquisitions or the mine’s restart were not disclosed, Blue Gold is keen on sharing updates on these plans in the near future.
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