REG - Bluebird Mining Vnt. - Final Results & Publication of Annual Report

Bluebird Mining VenturesAnnouncement

01/05/2026 07:01

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RNS Number : 6873C  Bluebird Mining Ventures Ltd  01 May 2026

 

Bluebird Mining Ventures Ltd

 

("BMV or the "Company")

 

Final Results

 

Publication of Annual Report

 

Bluebird Mining Ventures, the gold streaming, mining and treasury company,
announces its full year results for the 12-month period ended 31 December
2025.

 

Highlights

·    Strategic transition to a gold-streaming and treasury model, focused
on building a gold-backed balance sheet through streams and gold-linked
structures

·    Advancing evaluation of a diversified pipeline of asset-backed
opportunities across gold streaming, bitcoin infrastructure and powered land,
with a focus on:

o  Disciplined capital allocation and risk-adjusted returns

o  Opportunities with potential for near-term cashflow generation

o  Exposure to a mix of producing assets and longer-life development projects

o  Structures that may provide visibility on future gold deliveries and
capital recycling potential

·    Institutional treasury platform established and operational, with
initial transactions completed to validate execution, settlement and risk
controls

·    Established institutional infrastructure across banking, precious
metals and digital assets to support scalable deployment

·    Strengthened platform through the acquisition of Quantum Research
& Management Limited, enhancing the Group's treasury management
capabilities and access to digital asset expertise

·    Appointed Sath Ganesarajah as Chairman in June 2025 and Chief
Executive Officer in August 2025

Post-period

·    20 January 2026: Completed a WRAP Retail Offer alongside Placing and
Subscription, raising £619,727.98 via 413,151,989 new shares

·    24 March 2026: Appointed Frank Amato and Hernán M. Yellati as
Non-Executive Directors

·    On 17 April 2026: Raised £750,000 through a placing of 750,000,000
new ordinary shares at 0.1 pence per share with CMC Markets UK Plc

·    23 April 2026: Agreement with Digital Carpenters to invest in a
bitcoin mining project in Texas, USA

 

Sath Ganesarajah, Chief Executive Officer of BMV, said: "2025 has been a year
of transition laying the foundations for our strategic transition into a
focused gold-streaming and treasury company. We are building the
infrastructure and institutional relationships required to support scalable
growth.  We are making good progress with a pipeline of gold-streaming and
bitcoin-linked opportunities with the potential to deliver both near-term cash
flow and multi-year growth.

 

"Our immediate focus is on securing short duration, high return transactions
and integrating these with disciplined treasury framework to generate
recurring cash flows and compound capital over time. In addition, we have
significantly strengthened the team and board's capabilities, strengthening
our financial and governance processes. As we move through 2026, with a strong
pipeline, established partnerships and an operational platform, we believe the
Company is well positioned to scale and deliver long term growth."

 

Publication of Annual Report and Accounts

The Company's Annual Report and Accounts will be made available on the
Company's website at: www.bmvbtc.com (http://www.bmvbtc.com) and will shortly
be available via the National Storage Mechanism.

 

This announcement contains inside information for the purposes of article 7 of
the market abuse regulation EU 596/2014 ("MAR").

 

Enquiries:

 

 Bluebird Mining Ventures Ltd
 Sath Ganesarajah, Chief Executive Officer  c/o +44 (0)20 4582 3500

 Gracechurch Group
 Harry Chathli, Alexis Gore, Anysia Virdi   +44 (0)20 4582 3500

 

The Company encourages all investors to share questions on this announcement
via its investor hub: https://bmvbtc.com/s/aca32f
(https://bmvbtc.com/s/aca32f)

 

About Bluebird Mining Ventures Ltd

Bluebird Mining Ventures (LSE: BMV) is a gold streaming, mining and treasury
company. BMV's mission is to build and manage a gold-backed treasury through
streaming agreements, providing investors with exposure to physical gold
without the operational risk of mining.

 

BMV focuses on streams from producing assets within the ore concentrate to
bullion value chain. Its investments secure multi-year flows of gold that can
be recycled into new transactions. This model enables scalable exposure to
gold without capital expenditure, or execution risks.

 

Drawing on its heritage in gold, BMV combines the stability of physical
bullion with the benefits of a scalable, disciplined business model. With a
focus on prudent capital allocation and treasury management, BMV aims to
deliver sustainable, long-term value for shareholders.

 

For more information, please visit: www.bmvbtc.com

 

 

EXECUTIVE DIRECTOR'S STATEMENT

 

Since my appointment in June 2025, the Company has undergone a
transformational period, establishing a regulator-approved strategy, building
a new team, and transitioning to a gold streaming and treasury-led business
model.

 

With the transition to a streaming structure, alongside continued partnership
exposure in the Philippines, the Company has repositioned its strategy to
focus on gold streaming and royalty investments. Subject to execution, this
approach is intended to generate near-term cash flow and long-term exposure to
physical gold, while reducing operational and development risk; however, this
remains dependent on successful execution of initial transactions.

 

The Company's strategy prioritises streaming and royalty arrangements that are
intended to generate cash flow and physical gold exposure, complemented by a
disciplined treasury policy. Where possible, Bitcoin will be used primarily as
a payment rail and short-term working capital tool, with exposure expected to
remain a limited proportion of total assets. It will not be held for
speculative purposes but will support efficient settlement, liquidity
management and capital deployment.

 

The Company has made significant progress in building the institutional
platform required to support its new strategy. This includes treasury, custody
and execution infrastructure, as well as portfolio management, risk and
reporting systems to support capital deployment at scale.  We have focused on
developing funding relationships, including establishing a presence on the OTC
Markets, which provides a more cost-effective and less restrictive route to
accessing capital and enhancing visibility in the US.

 

In January 2026, the Company successfully published its Secondary Prospectus
and completed a fundraise GBP 619,728, strengthening the balance sheet and
supporting execution of its strategy. The Company subsequently raised GBP
750,000, before commissions, in April 2026, which further demonstrates
confidence and support from investors in our gold streaming and treasury
strategy. The Company's financial position has been further supported by
Directors and Management electing to receive fees in equity rather than cash,
to be issued via the EBT trust established at the time of the Prospectus.

 

During and subsequent to the period, the Board has also taken steps to
simplify the Company's capital structure, formalise legacy arrangements and
align management incentives with shareholder value creation. These actions,
together with enhancements to governance and Board composition, position the
Company on a more institutional footing as it progresses its strategy.

 

The Company has undergone significant leadership changes during the period and
I would like to thank the previous Directors and Management for their
contributions and welcome the new Directors and Board Advisors to this
exciting journey that we have all committed to.

 

To strengthen long-term shareholder and regulator confidence, the Board has
committed to enhancing corporate governance with new Committees to ensure that
financial, conflict of interest and remuneration processes are strengthened
and through our commitment to voluntarily adopt the Quoted Company Alliance
(QCA) Corporate Governance Code (as outlined in the Director's Report).
Further Board enhancements and independent appointments are expected to
support the next phase of growth.

 

With these building blocks in place, the Board is focused on executing its
initial transactions, generating cash flow, and delivering a re-rating of the
Company as a scalable, asset-backed platform.

As previously announced, the Company continues to review its legacy portfolio
of historical mining interest in Asia. Based on work completed to date, the
Board does not currently expect these assets to be monetised in the medium to
long term and is therefore exploring disposal options. Further updates will be
provided as appropriate.

 

In April 2026, the Company entered into an agreement with Digital Carpenters,
the data centre services and solutions provider, to invest in a 4.8MW bitcoin
mining project located in Texas, USA. BMV has completed an initial investment
into 4.8MW bitcoin mining project, establishing the commercial framework, with
an option to invest c.US$2.3m over three years. The transaction is expected to
deliver the Company's first revenues in Q2 2026.

 

In addition, during 2025, the Company acquired a fleet of bitcoin mining
machines. Management is evaluating options to realise value, but given the
small number of machines, any outcome is not expected to have a material
impact on the overall business.

 

2025 has been a year of transition, laying the foundations for our strategic
evolution into a focused gold-streaming, mining and treasury company. We have
built the infrastructure and partnerships required to support scalable growth.
Alongside this, we have strengthened the team and Board, enhancing our
financial, operational and governance capabilities to support the next phase
of the Company's development.

 

We are making good progress across a pipeline of gold-streaming and bitcoin
linked opportunities with the potential to deliver both near-term cash flow
and multi-year growth. Our immediate priority is to secure transactions
designed to generate recurring cash flows and compound capital over time.

 

As we move through 2026, with a strong opportunity pipeline, established
partnerships and operational platform now in place, the Company believes it is
well positioned to scale its portfolio and deliver sustainable long-term
value.

 

Sath Ganesarajah

Executive Director

30 April 2026

 

 

Consolidated Statement of Comprehensive Income

For the year ended 31 December 2025

 

                                                                              12 months to 31-Dec-25  12 months to 31-Dec-24

                                                                       Note   (USD)                   (USD)
 Administrative expenses                                               6      (1,044,369)             (717,037)
 Operating loss                                                               (1,044,369)             (717,037)
 Finance expense                                                       9      (229,827)               (136,585)
 Share of loss of joint ventures                                       11     (445)                   (43,936)
 Impairment/gain on disposal                                           11     (14,573)                -
 Loss before taxation                                                         (1,289,214)             (897,558)
 Income tax expense                                                    10     -                       -
 Loss for the year                                                            (1,289,214)             (897,558)
 Exchange difference on translating foreign operations*                       167,762                 (85,313)
 Total comprehensive profit/(loss) for the year                               (1,121,452)             (982,871)
 Earnings per share:
 Basic and diluted earnings per share (USD cents      per share)       20     (0.0016)                (0.0012)

*             Items that may be reclassified to profit or loss

 

The above results relate entirely to continuing operations.

 

 

Consolidated Statement of Financial Position

For the year ended 31 December 2025

 

                                   Note  31-Dec-25    31-Dec-24

                                         (USD)        (USD)
 Non-current assets
 Mines under development           12    19,816,088   19,816,088

 Property, plant and equipment     19    292,249      54,871
 Goodwill on acquisition           11    165,010      -
                                         20,273,347   19,870,959
 Current assets
 Trade and other receivables       13    756,976      44,485
 Digital assets                    11    40,140       -
 Cash and cash equivalents         14    91,998       37,026
                                         889,114      81,511
 Current liabilities
 Trade and other payables          15    (627,300)    (270,265)
 Other financial liabilities       16    (353,300)    (683,377)
 Derivative financial instruments  16    (338,126)    (108,299)
                                         (1,318,726)  (1,061,941)
 Non-current liabilities
 Other financial liabilities       16    (256,740)    -
                                         (256,740)    -
 Net Assets                              19,586,995   18,890,529
 Equity
 Issued share capital              20    23,038,385   22,467,261
 Unissued share capital            20    1,246,794    -
 Other reserves                    18    100,031      1,262,349
 Retained earnings                 18    (4,798,215)  (4,839,081)
 Total Equity                            19,586,995   18,890,529

 

 

 

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