Blue Gold Limited entered into a definitive agreement to raise $10 million through a private investment in public equity (PIPE) with Hudson Dunes FZCO. The Dubai‑based commodity trader will purchase 2.5 million ordinary shares at $4.00 each, giving Blue Gold net proceeds of $10 million.
The deal comes as Blue Gold’s financial position has been under pressure, with shareholder equity of $‑14.5 million and total debt of $4.2 million, resulting in a debt‑to‑equity ratio of –29.1%. The capital infusion is intended to strengthen working capital, repay debt, and support the company’s tokenization and trading initiatives.
Hudson Dunes is already a key partner, supplying up to one million ounces of gold to Blue Gold’s Standard Gold Coin platform and operating a $15 million proprietary gold trading facility. The investment deepens that relationship and signals confidence in Blue Gold’s vertically integrated model that combines mining, tokenization, and digital payments.
CEO Andrew Cavaghan said the capital injection "This $10 million equity investment meaningfully strengthens our balance sheet while further aligning our interests with Hudson Dunes as we scale both our proprietary gold trading activities and our Standard Gold Coin platform." He added that the deal "reflects Hudson Dunes' conviction in our long‑term strategy to build a vertically integrated mine‑to‑market gold business." The transaction is expected to close on or about March 9, 2026, subject to customary closing conditions.
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