Legacy interest — not in the default listings
Bluebird divested both of its gold projects and now holds only three residual interests left over from those exits: a 10% perpetual profit share in the Batangas Gold Project in the Philippines, and 2.5% net smelter return royalties on the former Gubong and Kochang mines in South Korea. None of the three is in production, and none carries any value in the company's own reported net asset value. Bluebird has announced a transition to a gold streaming and treasury model, but as of August 2026 that gold streaming product is still in development -- no gold stream or mining royalty has been acquired, and no counterparty has been named. Its actual revenue and assets are Bitcoin-hashrate streaming and a gold and cryptocurrency treasury, on a total net asset value of around US$1.2 million. The row is kept in the database with its full research history intact, but excluded from the default miner and royalty directories, because its only mining exposure is a set of dormant leftovers rather than an operating mine or a royalty-acquisition business. This will be reversed if Bluebird signs its first gold stream or mining royalty.
Bluebird Mining Ventures LtdB
Bluebird Mining Ventures Ltd (LSE: BMV; formerly Bluebird Merchant Ventures Ltd, renamed September 2024; incorporated in the British Virgin Islands) completed a strategic pivot, concluded via a 2 Dec 2025 RNS strategic review, from a gold-project developer to a capital-light gold-streaming, royalty and treasury company. It retains a 10% perpetual profit share (plus a per-ounce sales bonus) in the Batangas Gold Project (Lobo, Batangas, Philippines), now operated by an unnamed local partner under a Jul 2025 agreement under which BMV incurs no further project expenditure; the project carries a JORC-compliant 440,000 oz gold resource and a 128,000 oz maiden ore reserve, with a Declaration of Mining Project Feasibility and an Environmental Compliance Certificate still required before a production decision. It also retains 2.5% net smelter return royalties on the former Gubong and Kochang gold-silver mines (South Korea), transferred outright to 1575275 B.C. Ltd in Jun 2026 for nominal consideration after BMV explicitly abandoned Korean permitting as no longer aligned with strategy; neither Korean asset has a current JORC resource estimate. BMV's actual current revenue comes from its Texas and Cascadia gold/Bitcoin streaming arrangements and a physical gold, Bitcoin and Tether Gold treasury -- none of its three retained mining royalty interests is yet producing.
Notable vs. Peers
- Jurisdiction risk score of 5/10 is meaningfully riskier than the peer average of 7.8/10.
- Financials score of 3.9/10 is weaker than the peer average of 6.6/10.
- Trading within 1% of its 52-week low — weak recent price momentum.
Construction Milestones
0 of 5 reached- Not yet reached
- Not yet reached
- Not yet reached
- Not yet reached
- Not yet reached
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Your Rankings
Bluebird Mining Ventures Ltd does not operate mines, so it has no technical study of its own. What it holds instead is a book of royalty and stream interests in other companies' assets -- the portfolio below. Only figures the company has actually disclosed are shown; nothing here is estimated.
| Asset | Commodity | Interest | Rate / price | Stage |
|---|---|---|---|---|
Batangas Gold Project (Lobo) Operator not disclosedPhilippines 10% perpetual profit share in the Batangas Gold Project (Lobo, Batangas, Philippines), plus a USD 250,000 bonus for every 5,000 oz sold above USD 3,000/oz gold, per RNS "Philippine Project Agreement Signed" (8 Jul 2025). BMV "will incur no further expenditure" and retains only inspection rights and a board observer seat -- no operating equity, no funding obligation. Operator/counterparty identity is UNCONFIRMED in any BMV filing since Jul 2025 (deliberately left null here rather than asserting the unconfirmed Alpha-Diggers Inc candidate as fact). Stage PERMITTING: two MPSAs (176-2002-IVA, 177-2002-IVA) renewed by the Philippine Mines and Geosciences Bureau to 2 Jun 2027 (RNS 6 May 2025), conditioned on filing a Declaration of Mining Project Feasibility within that period; an Environmental Compliance Certificate is also still required (H1 2025 report, 28 Jul 2025); most recent substantive update (RNS 10 Dec 2025) describes active re-engagement and a targeted 2026-27 development timetable, with no disposal or abandonment RNS found since. 440,000 oz JORC-compliant resource and 128,000 oz maiden ore reserve per existing Task #317 research, independently corroborated this pass. Sources: Philippine profit-share conversion (RNS 8 Jul 2025) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/philippine-project-agreement-signed-/8967645 ; Korea divestiture (RNS 1 Jun 2026) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/update-on-south-korean-gold-interests/9593235 ; strategic review conclusion (RNS 2 Dec 2025) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/strategy-update-/9269004 ; current self-description (RNS 10 Aug 2026) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/july-2026-operational-update/9712171 ; Philippine MPSA renewal (RNS 6 May 2025) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/flagship-philippines-permit-renewal/8862881 ; H1 2025 report (28 Jul 2025) https://rns-pdf.londonstockexchange.com/rns/6972S_1-2025-7-26.pdf ; Batangas active-oversight update (RNS 10 Dec 2025) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/operational-update/9286442 . Full reasoning: scripts/fix-task576-bmv-post-pivot-reclassification.ts. | Gold | Other Profit share | 10% | Permitting |
Gubong Gold Mine 1575275 B.C. Ltd · South Korea 2.5% net smelter return royalty on the former Gubong gold mine (South Korea), transferred to 1575275 B.C. Ltd for nominal consideration on 1 Jun 2026 (RNS "Update on South Korean Gold Interests"); buy-out option at USD 2.5m. BMV's own words in the same filing: the asset "currently lack[s] a JORC-compliant Mineral Resource Estimate or production approvals" and "the permitting pathway, development timeline and capital requirements are no longer aligned with our strategic priority" -- explicit, dated, primary-source basis for GRASSROOTS. Sources: Philippine profit-share conversion (RNS 8 Jul 2025) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/philippine-project-agreement-signed-/8967645 ; Korea divestiture (RNS 1 Jun 2026) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/update-on-south-korean-gold-interests/9593235 ; strategic review conclusion (RNS 2 Dec 2025) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/strategy-update-/9269004 ; current self-description (RNS 10 Aug 2026) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/july-2026-operational-update/9712171 ; Philippine MPSA renewal (RNS 6 May 2025) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/flagship-philippines-permit-renewal/8862881 ; H1 2025 report (28 Jul 2025) https://rns-pdf.londonstockexchange.com/rns/6972S_1-2025-7-26.pdf ; Batangas active-oversight update (RNS 10 Dec 2025) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/operational-update/9286442 . Full reasoning: scripts/fix-task576-bmv-post-pivot-reclassification.ts. | Gold | Royalty NSR | 2.5% | Grassroots Exploration |
Kochang Gold-Silver Mine 1575275 B.C. Ltd · South Korea 2.5% net smelter return royalty on the former Kochang gold-silver mine (South Korea), transferred to 1575275 B.C. Ltd for nominal consideration on 1 Jun 2026 (RNS "Update on South Korean Gold Interests"); buy-out option at USD 2.5m. Same filing, same basis as Gubong: the asset "currently lack[s] a JORC-compliant Mineral Resource Estimate or production approvals" and permitting was abandoned as misaligned with strategy -- GRASSROOTS. Sources: Philippine profit-share conversion (RNS 8 Jul 2025) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/philippine-project-agreement-signed-/8967645 ; Korea divestiture (RNS 1 Jun 2026) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/update-on-south-korean-gold-interests/9593235 ; strategic review conclusion (RNS 2 Dec 2025) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/strategy-update-/9269004 ; current self-description (RNS 10 Aug 2026) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/july-2026-operational-update/9712171 ; Philippine MPSA renewal (RNS 6 May 2025) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/flagship-philippines-permit-renewal/8862881 ; H1 2025 report (28 Jul 2025) https://rns-pdf.londonstockexchange.com/rns/6972S_1-2025-7-26.pdf ; Batangas active-oversight update (RNS 10 Dec 2025) https://www.investegate.co.uk/announcement/rns/bluebird-merchant-ventures-di---bmv/operational-update/9286442 . Full reasoning: scripts/fix-task576-bmv-post-pivot-reclassification.ts. | Gold | Royalty NSR | 2.5% | Grassroots Exploration |
Management Team
Chairman and Chief Executive Officer of Bluebird Mining Ventures Ltd (formerly Bluebird Merchant Ventures, LSE: BMV), which develops high-grade, low-capex gold projects including two historic mines in South Korea and a project in the Philippines. Joined the board June 30, 2025 as Non-Executive Chairman and has since also taken on the CEO role. A seasoned entrepreneur and investor with deep expertise in crypto assets and institutional capital markets.
Non-Executive Director of Bluebird Mining Ventures Ltd and Chair of its Audit Committee.
Non-Executive Director of Bluebird Mining Ventures Ltd and Chair of its Remuneration and Nomination Committee.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Peel Hunt LLP, a London investment bank, has been steadily building a stake above 10% of the company over the past two months, most recently reaching 13.2%. No mining producer or resource-specialist fund holds a disclosed stake.
No notable insiders tracked for this miner yet.