Blue Gold Limited Closes on $5 Million Senior Convertible Notes and $75 Million Equity Line of Credit

NEW YORK, NY, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Blue Gold Limited (NASDAQ:BGL) ("Blue Gold" or the "Company"), a next-generation gold development and technology company, today announced that it has closed a $5 million senior convertible notes private placement with a certain accredited investor. In addition to the convertible notes, Blue Gold has also entered into an agreement with an instutitional investor for a $75 million equity line of credit, which upon the satisfaction of certain conditions, will provide the Company with access to additional capital to support its operational and strategic growth initiatives. 

The senior convertible notes, issued at an 8% original issue discount, include an initial tranche of $3,500,000, which matures on September 3, 2026, and an additional tranche of $1,500,000 that may be issued subject to the satisfaction or waiver of customary closing conditions. The senior convertible notes are convertible at a price per share of $13.51 and bear interest at 7% per annum. The Company has also issued the investor warrants for up to an aggregate of 215,299 Ordinary Shares at a price of $16.88 per share.



The equity line of credit agreement will enable Blue Gold to sell up to $75 million in newly issued ordinary shares to an accredited investor, subject to satisfaction of certain conditions, including the filing and effectiveness of a registration statement with the U.S. Securities and Exchange Commission (the "SEC"), market conditions, and certain regulatory requirements.

The proceeds from the senior convertible notes and equity line of credit are expected to strengthen the Company's balance sheet, provide working capital, and support key strategic and long term growth initiatives across its core markets, which include, but are not limited to:

• Acquisition of high-value mining assets across gold, uranium, and critical minerals, strengthening the Company's global resource portfolio.

• Expansion of its Digital Gold Initiative, including the development of a blockchain-enabled stablecoin backed by physical gold reserves, offering investors a secure bridge between traditional precious metals and the digital asset economy.

Gold remains a cornerstone of global finance, and demand for gold-backed digital products is expanding. By combining real mining assets with a tokenized gold platform, Blue Gold intends to deliver growth for shareholders while addressing the rising demand for secure, asset-backed digital currencies.

"This funding is a major milestone for Blue Gold," said Andrew Cavaghan, Chief Executive Officer of Blue Gold Limited. "With access to scalable capital, we are well positioned to execute on our strategy and accelerate our vision of combining traditional mining with cutting-edge digital assets."

Additional information regarding the terms of the senior convertible notes, the related warrants, and the equity line of credit can be found in the Company's reports on Form 6-K furnished to the SEC on September 3, 2025.

About Blue Gold Limited

Blue Gold Limited (NASDAQ:BGL) is a next-generation gold development company focused on acquiring and aggregating high-potential mining assets across strategic global jurisdictions. The Company's mission is to unlock untapped value in the gold sector by combining disciplined resource acquisition with innovative monetization models, including asset-backed digital instruments. Blue Gold is committed to responsible development, operational transparency, and leveraging modern financial technologies to redefine how gold is produced, accessed, and owned in the 21st century.

Blue Gold prioritizes growth, sustainable development, and transparency in all our business practices. We believe that our commitment to responsible mining will enable us to create value for our shareholders while minimizing our environmental footprint.



Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the safe harbor for forward-looking statements provided by Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target", "may", "intend", "predict", "should", "would", "predict", "potential", "seem", "future", "outlook" or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. You are cautioned not to place undue reliance on these forward-looking statements, which are current only as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Important factors that could cause actual results to differ materially from those discussed or implied in the forward-looking statements include, but are not limited to: general economic and industry conditions; changes in applicable laws or regulations; Blue Gold Limited's ability to satisfy the conditions for the issuance of the additional tranche of senior convertible notes; Blue Gold Limited's compliance with covenants under its financing agreements; the potential occurrence of events of default; Blue Gold Limited's ability to maintain Nasdaq listing requirements; the dilutive impact of financings, including conversions of the notes and sales under the equity line of credit; and Blue Gold Limited's ability to raise additional capital on acceptable terms or at all; negative economic conditions that could impact Blue Gold Limited and the gold industry in general; reduction in demand for Blue Gold Limited's products; changes in the markets that Blue Gold Limited targets; and any change in laws applicable to Blue Gold Limited or any regulatory or judicial interpretation. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in Blue Gold Limited's shell company report on Form 20-F, filed with the SEC on July 1, 2025, and other filings with the SEC. In light of these risks, uncertainties, and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results, and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events, or otherwise. For more information regarding Blue Gold Limited, please visit https://bluegoldmine.com.

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