Blue Gold Aligns Ghana Litigation Strategy Around Ongoing International Arbitration
NEW YORK, Feb. 23, 2026 (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(“Blue Gold” or the “Company”), a next-generation gold development and technology company, today announced that it has withdrawn its suits pending before the Courts of Ghana, and does not currently intend to pursue any other legal avenues open to it in Ghana.
The Company has taken this step to concentrate its legal efforts and resources exclusively on the ongoing international arbitration proceedings, which it is pursuing under the bilateral investment treaty between the United Kingdom and Ghana. Blue Gold believes that the arbitration process provides the most appropriate and effective forum for the resolution of its claims and for securing an impartial determination on the merits.
As previously disclosed, Blue Gold, through its subsidiary Blue Gold Holdings Limited, is seeking damages in excess of $1 billion, alongside the previous owner of the mine, Future Global Resources Limited.
The arbitration recently held an inaugural Case Management Conference (“CMC”), during which procedural matters were addressed in accordance with the applicable arbitral rules. The Company will provide further updates on the outcomes of this CMC, and any other material developments in the progression of the arbitration, as permitted under the agreed arbitral procedures and consistent with applicable legal and regulatory requirements.
Blue Gold remains committed to pursuing full recovery of its claims through the arbitration process while continuing to pursue a constructive and commercially reasonable resolution with the Government of Ghana, where possible.
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
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RedChip Companies, Inc.
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