REG - Bluebird Mining Vnt. - Strategic Update

Bluebird Mining VenturesAnnouncement

05/06/2025 07:00

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RNS Number : 5014L  Bluebird Mining Ventures Limited  05 June 2025

Bluebird Mining Ventures Ltd / EPIC: BMV.L / Market: FTSE / Sector: Mining

 

5 June 2025

 

Bluebird Mining Ventures Ltd

('Bluebird' or 'the Company')

 

Strategic Update

 

Bluebird Mining Ventures Ltd., a pan Asian gold project development company,
is pleased to announce a strategic update regarding the monetisation of the
Company's flagship Philippine project and an innovative new strategy.

 

The Company announced on the 6 May 2025 the renewal of the permit of the
Company's Philippine project and further, on 15 May 2025, regarding the
potential realisation of value from this project. Discussions have now
progressed meaningfully with the Philippine partner to an advanced stage
whereby the Company now expects to conclude an agreement within a matter of
weeks that would effectively extend the Company's free carry beyond the
issuance of the key permits all the way through to production. The Company is
seeking to retain a net profit interest in the Philippine project throughout
the life of mine, importantly without any of the associated costs.

 

Further to the announcement on 27 May 2025, the Company's lawyer in South
Korea has prepared the respective legal documentation to file the
administrative lawsuit prior to 18 June 2025. The Company intends to seek to
preserve the value of its projects in South Korea despite recent setbacks and
will continue to actively identify opportunities whereby these projects could
progress without further capital requirements from the Company.

 

Bluebird has been actively considering its strategy for some time now in order
to enter into the next phase of its life. Given the anticipated agreement in
the Philippines and the ongoing process in South Korea, the Company believes
that it should adopt an innovative approach to its Corporate Treasury and any
future revenues that it may generate from its exposure to its mining
projects.

 

Gold has various industrial uses as well as being used for jewelry.  Gold has
been considered as a 'store of value' for centuries and to this day, central
banks worldwide, buy and store gold. However, golds' position as a store of
value has been under threat due to the rising global adoption of bitcoin,
which some commentators have described as 'digital gold' and many have even
cited its superiority over gold as a store of value. Some of the reasons for
the rising adoption of bitcoin is as a response to expansive monetary policy
by central banks, high debt-to-GDP ratios globally, rising geopolitical
tensions and continued concerns about persistent inflation.

 

New bitcoin is mined using bitcoin mining machines, known as bitcoin miners,
which are specialised designed to solve complex mathematical puzzles. These
machines use powerful hardware. Miners are rewarded for their efforts with
newly created bitcoin and transaction fees. There is a hard cap to the total
number of bitcoin and there will only ever be 21,000,000 bitcoin.

 

The Company believes there is an opportunity to augment its strategy whereby
it can seek to convert future revenues from its mining projects into bitcoin -
essentially converting gold to 'digital gold'.  Furthermore, in addition to
this, the Company intends to adopt a policy of holding bitcoin on its balance
sheet as a treasury reserve asset and will make further announcements
regarding this in due course.

 

Combining income streams from gold mining projects and recycling these
revenues into a proactive "Bitcoin in Treasury" management approach, whilst
maintaining a minimal corporate overhead, we believe will be a first for a
publicly listed mining company in the UK. Companies that have adopted bitcoin
into their treasury strategy globally across public markets have been enjoying
significant investor interest as well as substantial premiums to Net Asset
Value (NAV) that have challenged traditional financial metrics as a basis of
valuation. Our present market capitalisation offers our shareholders the
opportunity to position themselves at a ground floor valuation in comparison
to other peers.

 

The Company can report that in sync with this new approach it is actively
seeking to identify a new CEO with experience in the sphere of digital assets
that can spearhead this initiative. In this regard, several discussions with
potential persons are taking place and ongoing.

 

Bluebird Executive Director and Interim CEO Aidan Bishop said, "I am very
pleased with the progress of discussions in the Philippines which are looking
very positive and will enable, if successfully completed, Bluebird to maintain
an ongoing exposure with zero future cash commitments.

 

On a personal level, I embarked some time ago on a journey to understand and
learn about bitcoin. I am convinced that we are witnessing a tectonic shift in
global markets and that bitcoin will reshape the landscape of financial
markets on every level.

 

By adopting a 'gold plus a digital gold' strategy, it offers the Company an
opportunity to turn the page and look to the future and seek to attract a new
type of shareholder. Under the leadership of a new CEO, once identified, it is
my sincere hope that Bluebird will finally realise its ambitions for which it
was initially established for."

 

 

**ENDS**

 

For further information please visit https://bluebirdmv.com or contact:

Jonathan Morley-Kirk    Bluebird Mining Ventures Ltd     Email:
jmk@bluebirdmv.com (mailto:colin@bluebirdmv.com)

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