Gold development and technology company, Blue Gold Limited has raised up to $80 million to accelerate its mining expansion and digital gold initiatives.

The company announced it had closed a $5 million senior convertible notes private placement with an accredited investor and signed a $75 million equity line of credit agreement with an institutional investor.

The financing package, subject to regulatory and market conditions, is expected to strengthen the firm’s balance sheet, provide working capital, and support long-term growth.

The senior notes, issued at an 8% discount, include an initial $3.5 million tranche maturing in September 2026, with the balance contingent on meeting closing conditions.

The notes carry a 7% annual interest rate and can be converted at $13.51 per share. The agreement also provides warrants for 215,299 ordinary shares at $16.88 each.

Proceeds will be channelled into strategic acquisitions of gold, uranium, and critical mineral assets, while advancing Blue Gold’s Digital Gold Initiative.

This includes the launch of a blockchain-enabled, gold-backed stablecoin, offering investors a secure bridge 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.”

Blue Gold currently focuses on acquiring high-value mining concessions in strategic jurisdictions, while leveraging modern financial technologies to redefine how gold is accessed and owned globally.

The company stressed its commitment to responsible mining, transparency, and sustainable growth as it positions itself at the intersection of mining and fintech innovation.