09:03 AM EDT, 07/23/2025 (MT Newswires) -- Blue Gold ( BGL ) said Wednesday it has signed a non-binding term sheet with FGR Bogoso Prestea to acquire a 90% stake in the Mampon Gold Mine, a high-grade gold and copper project in Ghana's Ashanti Gold Belt.

Under the proposed deal, the company said the Government of Ghana would retain the remaining 10% stake.

The company said the deal is not guaranteed, but if completed, it would expand its mining portfolio and support its gold-backed stablecoin initiative by adding verified, real-world assets.

Blue Gold ( BGL ) said it would issue about $26.3 million in shares and make additional payments tied to confirmed gold and copper reserves as part of the agreement.