Bluebird Mining Ventures (LON: BMV) saw its shares surge 39% to 0.26p after outlining a more aggressive growth strategy, shifting from platform development to active capital deployment.
A key highlight is a proposed secured gold streaming deal tied to the Crawford Gold Project in Western Australia. The company is targeting a US$15 million investment in exchange for the delivery of 6,265 ounces of gold over approximately 24 months. The structure implies a payback period of around 11.5 months and an estimated internal rate of return of 130%.
Bluebird described the project as a development-ready, open-pit operation using heap leach processing. The deal is expected to be secured with senior ranking, asset-level collateral, and step-in rights, providing downside protection.
Alongside its mining ambitions, the company is advancing a portfolio of bitcoin-related opportunities. These include a 4.8MW mining project in Texas, a 3MW hydro-powered operation in British Columbia, an infrastructure operator in Pennsylvania, and shorter-term hashrate contracts.
The company also confirmed that its digital asset treasury platform is now operational, with custody, exchange connectivity, and on-chain execution capabilities in place. It is using bitcoin as its primary reserve asset, alongside Tether Gold and physical gold, and has reported indicative yields of around 4% on physical gold lending and approximately 20% on structured Tether Gold products.
Sath Ganesarajah, chief executive of Bluebird Mining Ventures, said the company is making solid progress as it executes its gold streaming and treasury strategy.
He noted that BMV is in advanced discussions on several potential transactions that meet its criteria for short payback periods and attractive returns. The company’s near-term focus is on converting these opportunities, scaling its treasury deployment, and integrating both into a unified capital framework.
Ganesarajah added that the broader objective is to build a scalable platform capable of compounding capital through a combination of asset ownership and active treasury management, with further updates expected as progress is made.
The board emphasised that while the pipeline of opportunities is strong, there is no certainty at this stage that any of the proposed transactions will be completed.
