BUNIA, Democratic Republic of Congo, June 2, 2025 — Black & Yellow Minerals SARL ("BYM" or the "Company") today announced the execution of a binding multi-year offtake agreement with an internationally accredited gold refinery (the "Refinery Partner") for the purchase of BYM's gold production at market-referenced pricing. The Refinery Partner holds accreditation from the London Bullion Market Association (LBMA) and maintains operations in the United Arab Emirates.
Under the terms of the agreement, BYM will deliver refined gold dore to the Refinery Partner on a monthly basis, with pricing determined by the LBMA Gold Price AM Fix on the date of delivery, less an agreed refining and logistics charge. The agreement has an initial term of three years with automatic renewal provisions, and includes minimum delivery commitments of 8 kilograms per month following the ramp-up period.
"Securing an LBMA-accredited offtake partner is a transformative milestone for BYM," stated the Chief Executive Officer. "This agreement provides our investors with confidence that BYM's production enters the international gold market through a fully compliant, transparent, and auditable channel. It eliminates the discount and counterparty risk associated with informal gold marketing channels that unfortunately characterize much of the artisanal gold sector in the region."
The agreement incorporates comprehensive responsible sourcing provisions aligned with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. BYM will implement a chain-of-custody protocol from point of extraction through transport, storage, and delivery, with documentation subject to annual third-party audit by an internationally recognized assurance firm.
Gold shipments will be transported via secured logistics from BYM's production sites to a designated consolidation point, then forwarded via bonded courier to the Refinery Partner's facility. Insurance coverage for in-transit gold has been arranged through a Lloyd's of London syndicate.
The offtake agreement is expected to be accretive to BYM's realized gold price relative to prevailing local market rates, as LBMA-referenced pricing typically commands a premium over informal channels. Contact: BYM Investor Relations — ir@bym-minerals.com.