Blue Gold Limited (Nasdaq: BGL), a next-generation gold development and technology company, has issued a statement clarifying recent media reports regarding a Supreme Court of Ghana decision involving the Bogoso-Prestea Mine.

On November 18, 2025, the Supreme Court dismissed an application for certiorari filed by FGR Bogoso Prestea Ltd. (FGR) and Blue Gold Bogoso Prestea Ltd., a subsidiary of the company.

According to Blue Gold, the ruling did not address the substantive merits of its claims.

Instead, it focused on a procedural question: whether the High Court acted properly when it declined jurisdiction over an earlier judicial review application.

While the Supreme Court held that certiorari was not the appropriate remedy in this instance, Blue Gold noted that the underlying jurisdictional issue will still be examined by the Court of Appeal.

If the company succeeds at that stage, the High Court will take up the original judicial review application and determine its merits.

Blue Gold also confirmed that an additional judicial review appeal remains pending before the Court of Appeal.

Separately, a human rights case and an injunction application are scheduled for hearing at the High Court on December 18, 2025.

Beyond the domestic legal processes, the company highlighted an ongoing international arbitration against the Government of Ghana under the UK–Ghana bilateral investment treaty.

In that case, Blue Gold and FGR are seeking damages estimated to exceed $1 billion.

Despite the continuing litigation, Blue Gold emphasised that it remains committed to pursuing an amicable, negotiated settlement with the government.

The company says it has already set aside funds that could be immediately invested in the Bogoso-Prestea Mine should a settlement be reached.

Blue Gold Limited (Nasdaq: BGL) is focused on acquiring and developing high-potential gold assets across strategic global jurisdictions.

The company aims to unlock value in the gold sector by combining responsible mining practices with innovative monetisation models, including asset-backed digital instruments.

Blue Gold prioritises transparency, sustainability, and the use of modern financial technologies to reshape gold ownership and production in the 21st century.

This release contains forward-looking statements within the meaning of the U.S. Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995.

For more information, visit the company’s website at bluegoldmine.com.