REG - Bluebird Mining Vnt. - Operational Update

Bluebird Mining VenturesAnnouncement

30/09/2025 07:00

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RNS Number : 3102B  Bluebird Mining Ventures Limited  30 September 2025

30 September 2025

Bluebird Mining Ventures Ltd

("BMV" or the "Company")

 

Operational Update

 

Bluebird Mining Ventures Ltd (LSE:BMV), provides the following update on its
ongoing activities:

 

Prospectus and Regulatory Review

On 26 June 2025, the Company announced the commencement of a secondary
prospectus process, subject to FCA approval. A draft has since been submitted
and remains under active review. While the process is taking longer than first
anticipated, the Board continues to expect approval and publication in the
near term. Successful completion will provide the Company with a durable
framework for growth and capital formation under its "gold + digital gold;
Reserve & Rail" strategy. At present, the Board is not in a position to
provide definitive guidance on the size or timing of any raise, as these will
depend on the outcome of ongoing investor discussions.

 

£2 Million Convertible Funding Facility

On 25 June 2025, the Company announced Heads of Terms with an investment
vehicle managed by Mr Sath Ganesarajah for a £2 million facility at 0%
interest, maturing 31 December 2026 and convertible at 2p per share. On 29
August 2025, the Company executed a definitive agreement with Skylake
Management LLP, a UK-domiciled investment vehicle. Activation of the facility
and the initial drawdown remain subject to establishing a UK entity, a UK bank
account, and institutional-grade bitcoin custody. These processes are in
progress, and no completion date can yet be confirmed. The facility
constitutes a related-party transaction under applicable rules.

 

Bitcoin Equipment and Streaming Transaction

On 14 July 2025, the Company announced the acquisition of 756 ASIC bitcoin
mining units with a combined hashrate of approximately 63.7 PH/s. The Company
is in advanced discussions to on-sell these units under a potential streaming
arrangement. Terms are not finalised, and the Company cannot provide guidance
on timing. The prospective counterparty benefits from globally competitive
energy prices and is expected to become a strategic partner.

 

Advisors and Investor Engagement

BMV has commenced the process of selecting brokers and additional advisors to
support its financing initiatives and investor engagement programme. An
investor presentation is scheduled for mid-October, by which time the Company
expects greater clarity on regulatory timelines.

 

Joint Ventures and Development Planning

Planning with BMV's joint venture partners in Korea and the Philippines
continues, with a focus on mine development activities scheduled for 2026.

 

Summary

Despite an extended regulatory timetable, the Board remains confident in BMV's
strategy and positioning. The Company continues to progress across regulatory,
financing, streaming, and joint venture initiatives, and looks forward to
providing further updates in October.

 

For further information, please contact:

 

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

 Sath Ganesarajah, CEO

 

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