Correction: Blue Gold Sets $15 Million Gold Trading Facility

MT Newswires Live12-03

(Corrects the company ticker)

Blue Gold (BGL) said Wednesday that it has expanded its partnership with DL Hudson Dunes to add a $15 million facility to finance gold trades.

The facility will fund purchases of gold from mines and licensed aggregators worldwide, with a target of two to three trades a month and projected profit margins of 1% to 5% per trade, the company said.

DL Hudson Dunes will partner on each transaction to provide legal, compliance and commercial support for the trading operations, Blue Gold said.

The company said it ultimately plans to move further into mining in West Africa and Latin America and to launch a fintech wallet and payment card by Q3, 2026, to support spending of its Standard Gold Coin.

Shares of the company were up more than 1% in recent early trading on Wednesday.

Price: 4.55, Change: -0.02, Percent Change: -0.44

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