Blue Gold Secures $80M to Drive Mining Expansion and Digital Gold Push

Blue Gold Limited, a gold development and technology company, has secured up to $80 million in fresh funding to accelerate its mining operations and advance its digital gold initiatives.

The financing package combines a $5 million senior convertible notes private placement with an accredited investor and a $75 million equity line of credit agreement with an institutional investor. Subject to regulatory and market conditions, the funds are expected to strengthen the company’s balance sheet, enhance working capital, and fuel long-term growth.

The senior notes, issued at an 8% discount, include an initial $3.5 million tranche maturing in September 2026, with the remainder dependent on closing conditions. They carry a 7% annual interest rate and are convertible at $13.51 per share. Additionally, the agreement includes warrants for 215,299 ordinary shares at $16.88 each.

Blue Gold plans to channel proceeds into strategic acquisitions of gold, uranium, and critical mineral assets, alongside its Digital Gold Initiative, which includes launching a blockchain-enabled, gold-backed stablecoin. The initiative aims to provide investors with a secure link between traditional mining and the digital economy.

“This funding is a major milestone for Blue Gold,” said CEO Andrew Cavaghan. “It gives us scalable capital to execute on our strategy of combining traditional mining with cutting-edge digital assets.”

Currently, Blue Gold is focused on acquiring high-value mining concessions in strategic jurisdictions, while leveraging fintech solutions to reshape how gold is accessed and owned globally. The company reiterated its commitment to responsible mining, transparency, and sustainable growth, positioning itself as a leader at the intersection of mining and digital finance.