REG - Bluebird Mining Vnt. - Strategic Streaming, Treasury and Asset Update

Bluebird Mining VenturesAnnouncement

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RNS Number : 4218E  Bluebird Mining Ventures Ltd  15 May 2026

15 May 2026

 

Bluebird Mining Ventures Ltd

 

("BMV" or the "Company")

 

Strategic Streaming, Treasury and Asset Update

 

Bluebird Mining Ventures Ltd (LSE: BMV), the gold streaming, mining and
treasury company, is pleased to provide the following update regarding the
continued execution of its streaming and treasury strategy, including
operational progress across its streaming activities, treasury accumulation,
and deployment of mining infrastructure.

 

Streaming and Operating Business Update

 

The Company continues to build its operating streaming business across Bitcoin
and precious-metals-related cash flow opportunities.

 

During April 2026, the Company generated its first revenues in its history
through its developing streaming and digital asset activities, representing an
important milestone in BMV's strategic transition toward cash-generative
operating assets and treasury accumulation.

 

The Company's current estimated streaming and operating asset value is
approximately US$508,870, comprising existing Bitcoin streaming and
hashrate-linked contracts.

 

 Asset                          Country        Jurisdiction      Value (USD)
 Digital Carpenters BTC Stream  USA            Texas             $115,770
 Cascadia BTC Stream*           Canada         British Columbia  $317,569
 Hashrate Contract #1           Confidential   Confidential      $26,129
 Hashrate Contract #2           Confidential   Confidential      $25,097
 Hashrate Contract #3           Confidential   Confidential      $24,305
 Total Streaming & Operating Assets                              $508,870

 

The Company is aiming to deliver 20+% IRR at the portfolio level.

 

Gold Streaming Strategy Update

 

The Company continues to evaluate a number of gold streaming opportunities in
partnership with Raptor Capital International Ltd, including the previously
referenced Crawford Gold Project ("Crawford") opportunity. As those
discussions progressed, the Company identified additional opportunities with
materially lower development and execution risk profiles, including structures
supported by existing production and operating cash flows. As a result,
management has prioritised its capital allocation toward these lower-risk
opportunities.

 

The Board remains disciplined in its capital allocation approach and will
prioritise transactions capable of delivering near and medium-term cash
generation with reduced permitting, construction, and development exposure.
While discussions regarding Crawford remain ongoing, there can be no certainty
that the Company will proceed with the transaction in its originally
contemplated form, or at all.

 

Treasury NAV Update

 

In addition to the Company's operating streaming activities, BMV continues to
accumulate treasury assets consisting primarily of Bitcoin, tokenised gold,
physical gold, and cash balances.

 

The Company's estimated unaudited Treasury Net Asset Value ("Treasury NAV") as
at 12 May 2026 is approximately US$0.8 million.

 

 Asset                     Value (USD)   % of Treasury NAV
 Bitcoin (BTC)           $347,514        43.5%
 Tether Gold (XAUT)      $418,476        52.4%
 Physical Gold Holdings  $32,028         4.0%
 Total Treasury NAV      $798,018        100.0%

 

The Treasury NAV disclosed above relates solely to assets held as part of the
Company's treasury strategy and excludes operating company working capital,
receivables, and other cash balances held across the wider Group.

 

Combined Estimated NAV

 

The Company's combined estimated treasury and operating asset value is
approximately US$1,306,888.

 

                           FY 2025   13 May 2026  % Change
 Aggregate NAV* per Share  $0.00005  $0.00046     +885%
 *NAV excludes cash and non-core assets

 

The Company notes that all NAV figures are management estimates based on
prevailing market prices, internal models, and contractual assessments and
have not been independently audited.

 

Cascadia Industries Bitcoin Deployment Arrangement

 

BMV has entered into a Bitcoin Mining Deployment and Streaming Arrangement
term sheet with Cascadia Industries Ltd ("Cascadia"), a new British
Columbia-based infrastructure developer, regarding the deployment of
approximately 750 Bitcoin mining units currently owned by the Company.

 

Under the proposed structure:

·      BMV retains full ownership of all mining equipment;

·      Cascadia will provide infrastructure, hosting, power, operations,
and deployment capital;

·      The arrangement is intended to operate on a zero-capex and
zero-opex basis for BMV;

·      Miners will only operate when economically profitable;

·      Net Bitcoin production is expected to flow directly to
BMV-designated wallets; and

·      Substantial deployment is targeted within six months.

 

The Board believes this structure provides low-risk optionality on future
Bitcoin upside while monetising currently dormant mining infrastructure
without requiring material new capital expenditure from the Company.

 

Sath Ganesarajah, Chief Executive Officer of BMV, commented: "Over recent
months we have continued repositioning BMV towards a streaming and treasury
platform focused on hard assets, recurring cash flow generation, and
disciplined capital allocation.

 

"Generating our first operating revenues in April represents an important
milestone for the Company and validates the early stages of this strategic
transition.

 

"The Company is steadily simplifying its legacy structure while building
exposure to Bitcoin, gold, streaming interests, and treasury assets capable of
compounding shareholder value over time.

 

"We believe the combination of streaming economics, treasury accumulation, and
structured real asset exposure creates a differentiated platform with
significant long-term optionality."

 

 

For further information, please contact:

 

 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

 

 

About Bluebird Mining Ventures Ltd

Bluebird Mining Ventures (LSE: BMV) is a gold streaming, mining and treasury
company. The Company'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

 

 

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