Blue Gold Limited (Nasdaq: BGL) ("Blue Gold" or the “Company”), a next-generation gold development and technology company, has 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 agreed with an institutional 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 $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.”