RE: RNS update on treasury streaming15 May 2026 10:44
Strategic Streaming, Treasury and Asset Update
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
$508,870
The Company is aiming to deliver 20+% IRR at the portfolio level.
Gold Streaming Strategy Update
The Company continues to evaluate a number of gold streaming opportunities in partnership with Raptor Capital International Ltd, including the previously referenced Crawford Gold Project ("Crawford") opportunity. As those discussions progressed, the Company identified additional opportunities with materially lower development and execution risk profiles, including structures supported by existing production and operating cash flows. As a result, management has prioritised its capital allocation toward these lower-risk opportunities.
The Board remains disciplined in its capital allocation approach and will prioritise transactions capable of delivering near and medium-term cash generation with reduced permitting, construction, and development exposure. While discussions regarding Crawford remain ongoing, there can be no certainty that the Company will proceed with the transaction in its originally contemplated form, or at all.
Treasury NAV Update
In addition to the Company's operating streaming activities, BMV continues to accumulate treasury assets consisting primarily of Bitcoin, tokenised gold, physical gold, and cash balances.
The Company's estimated unaudited Treasury Net Asset Value ("Treasury NAV") as at 12 May 2026 is approximately US$