REG - Bluebird Mining Vnt. - Operational and Strategy Update

Bluebird Mining VenturesAnnouncement

11/08/2025 07:00

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RNS Number : 7677U  Bluebird Mining Ventures Limited  11 August 2025

 

Bluebird Mining Ventures Ltd

('Bluebird', 'BMV' or 'the Company')

 

Operational and Strategy Update

 

Bluebird Mining Ventures Ltd, a gold development company, is pleased to
provide an update on its ongoing corporate development and capital formation
strategy.

 

BMV remains committed to advancing its gold development portfolio and
enhancing shareholder value through disciplined capital allocation.  The
Company is now complementing its traditional hard‑asset gold mining project
interest with a Bitcoin (BTC) treasury strategy - viewing BTC as a digital
reserve asset, essentially 'digital gold'.

 

Board and Leadership Changes

 

In order to achieve the rapid delivery of the Company's gold and 'digital
gold' strategy, including advancing early-stage negotiations to secure an
anchor streaming BTC asset and identified high-value strategic transactions
and near-term funding opportunities, the Company has restructured its Board,
with immediate effect.

 

Sath Ganesarajah, who was appointed as Non-Executive Chairman on 25 June
2025, has now been appointed as Chief Executive Officer (CEO) and Executive
Director with immediate effect.  Sath will lead the Company through this
pivotal development and execution phase.

 

Jonathan Morley-Kirk, Non-Executive Director, has been reappointed as
Non-Executive Chairman, a position he previously held.

 

Aidan Bishop has stepped down as Interim CEO and from the Board of
Directors.  Aidan will continue to work for the Company in a consultancy
capacity over the short term. The Company will continue benefiting from
Aidan's knowledge of the Philippine and South Korea gold projects, as well as
his geographic location in Asia. In the coming months Aidan will work closely
with the Philippine partner company in advancing the gold project and assist
the Company in engaging with potential strategic partners for the South Korean
gold projects.  The Company has been notified that two South Korean companies
have shown an interest in the South Korean gold projects - one is a mining
exploration company, and the other is a construction company.  Whilst this is
encouraging, it is at a very early stage and there can be no guarantee that
this will progress.  Aidan has agreed that he will remain a shareholder and
will not sell any shares for at least the period he remains engaged by the
Company.

 

Strategic Execution and Funding Update

 

To support its integrated strategy of gold plus 'digital gold', BMV is
pursuing several key workstreams. These include the Company's capital table
optimisation, preparing the Company for further leadership appointments to
support anticipated growth, the formation of a formal Treasury Policy and
reporting framework in line with good corporate governance practices, active
engagement with strategic investors and the continued preparation of a
Prospectus to raise a minimum of £10 million.

 

These initiatives are sequenced to ensure that BMV enters its next phase of
growth with a solid and credible structure and platform suitable to attract
institutional capital and to support an active pipeline of treasury-linked
opportunities, while providing sufficient flexibility to scale high-quality,
asset-backed positions on the balance sheet.

 

On 25 June 2025, the Company announced that it had signed Heads of Terms with
an investment vehicle managed by Sath Ganesarajah to provide a £2 million
funding facility, carrying 0% interest and convertible into equity at 2p per
share. A definitive agreement is now expected to be signed by the end of
August.  In preparation for this, the Company has been engaging with digital
asset custodians and trade execution desks.

 

The Company announced on 14 July 2025 that advanced discussions were taking
place regarding the Bitcoin equipment purchased by the Company being on-sold
under a streaming arrangement.  This would mark the Company's first
"Streaming Bitcoin" transaction and could generate more than 30 Bitcoin for
the Company over a three-year period, subject to network conditions and final
terms, without incurring further costs. The Company is pleased to report that
progress has been made and now expects that the transaction will complete
before the end of September 2025.

 

New Website

 

The Company has launched a new website hosted on the Investor Hub platform
which can be accessed here:  www.bmvbtc.com.

 

There will be further updates made to the website over the coming weeks.  The
website will have various interactive features designed to enable greater
engagement with shareholders.

 

Shareholders and prospective investors are highly encouraged to sign up for
updates using this link: https://bmvbtc.com/auth/signup

 

Outgoing Interim CEO and Director, Aidan Bishop, commented:

 

"I look forward to supporting Sath and the Company going forward as a
shareholder as well as working closely with our partners in the Philippines as
the gold project advances.  I have had several key meetings in the
Philippines to this regard and the environment for mining in the Philippines
is notably improving."

 

Incoming CEO, Sath Ganesarajah, commented:

 

"Firstly, I would like to thank Aidan Bishop for his contribution to Bluebird
over the years and for having the foresight to set the course towards its
integrated gold and 'digital gold' strategy.

 

Bluebird's objective is to build a disciplined, asset‑backed public company
- combining gold development with strategic treasury deployment to maximise
long‑term value.  To achieve this, we are taking the time to build the
right foundation to support the long-term future growth for the Company.

 

I believe that the Company is now just a few short weeks away from being able
to conclude the transactions that have been previously announced, and this
will serve as evidence of a small beginning of far greater things to come.

 

When I joined the Company in June I stated that the my ambition was to help
shape Bluebird into a £1 billion company over the coming cycle.  Today, in
taking on the CEO role, I remain steadfast with the same ambition and belief
that we can achieve such."

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION EU 596/2014 ("MAR").

 

**ENDS**

 

For further information please visit www.bmvbtc.com or contact:

Sath Ganesarajah     Bluebird Mining Ventures Ltd     Email:
one@bmvbtc.com (mailto:one@bmvbtc.com)

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