Gold technology and earnings corporation, Blue Gold Limited, has introduced that it has withdrawn its fits pending sooner than the courts of Ghana, and does no longer recently intend to pursue every other prison avenues open to it in Ghana.

The corporation stated it has taken this step to pay attention its prison efforts and assets solely on ongoing worldwide arbitration lawsuits, which it’s pursuing beneath the bilateral originality treaty between the United Kingdom and Ghana.

Blue Gold says it believes that the arbitration procedure supplies probably the most suitable and efficient discussion board for the answer of its claims and for securing an independent decision at the deserves.

“As previously disclosed, Blue Gold, through its subsidiary Blue Gold Holdings Limited, is seeking damages in excess of $1 billion, alongside the previous owner of the mine, Future Global Resources Limited,” in step with a e-newsletter by way of Globe Newswire.

“The arbitration recently held an inaugural Case Management Conference (“CMC”), all over which procedural issues had been addressed according to the acceptable arbitral regulations.

“The Company will supply additional updates at the results of this CMC, and every other subject material patterns within the development of the arbitration, as accepted beneath the agreed arbitral procedures and in step with acceptable prison and regulatory necessities.

“Blue Gold remains committed to pursuing full recovery of its claims through the arbitration process while continuing to pursue a constructive and commercially reasonable resolution with the Government of Ghana, where possible.”

NEW YORK, Feb. 23, 2026 (GLOBE NEWSWIRE)

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