Azumah Resources said it wholly owns the Black Volta Gold Project

Azumah Resources Ghana Limited has denied reports of the alleged sale of the Black Volta Gold Project.

According to a disclaimer issued by the company on July 4, 2025, it stated its disassociation from a document circulating in the media, purported to be an invitation to a "Facility Agreement Signing Ceremony – E&P Acquisition of the Black Volta Gold Project," scheduled to take place on July 7, 2025, at the Marriott Hotel.

"We categorically state that Azumah Resources has neither sold nor is in the process of selling the Black Volta Gold Project, in whole or in part, to any party whatsoever, including Engineers & Planners Company Limited (E&P) or any of its affiliates," the statement read.

It also noted that neither the Board of Directors nor the Executive Management of Azumah Resources has any knowledge of, or involvement in, the said event.

"We have not entered into any form of acquisition agreements with any entity, nor have we authorised any third party to act on our behalf in this regard," it added.

Azumah Resources said it wholly owns the Black Volta Gold Project while reiterating its unwavering commitment to its development.

It, however, noted that the company has commenced preparatory works and is advancing toward full-scale construction activities on-site following the successful securing of financing from its shareholders.

"We urge the general public, stakeholders, and the media to disregard the aforementioned invitation and any related documents, as they are not authorised by Azumah Resources and do not reflect our position or intentions.

"Azumah Resources remains focused on delivering the Black Volta Gold Project in line with the highest standards of transparency, professionalism, and national development objectives. We appreciate the continued support of our partners, regulators, host communities, and the people of Ghana as we embark on this transformative project," it concluded.

SSD/AE

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