05:20 AM EDT, 06/27/2025 (MT Newswires) -- Blue Gold (BGL) shares were up nearly 500% in recent premarket activity Friday, a day after their debut on the Nasdaq Stock Market.

Blue Gold, a mining company developing a portfolio of assets anchored by the Bogoso Prestea mine in Ghana, said late Thursday it completed its merger with special purpose acquisition company Perception Capital Corp. IV ( BGL ).

Blue Gold's ordinary shares and warrants began Nasdaq trading Thursday under the ticker symbols BGL and BGLWW, respectively. The shares slumped 29% on debut.

Blue Gold said it acquired the Bogoso Prestea mine in 2024. The mine is currently scheduled to restart operations in 2025.