Bluebird Mining Signs Option to Buy Gold Project in Mexico via El Alamo Takeover

04:11 AM EDT, 09/07/2026 (MT Newswires) -- Bluebird Mining Ventures (BMV.L) said Monday it secured the exclusive option to purchase El Alamo Resources, including its interests in the Santa Teresa gold project in Baja California, Mexico. The agreement includes an upfront cash payment of 75,000 pounds sterling for the option and the 120-day exclusivity period, an additional 250,000 pounds of new Bluebird shares upon completion of the transaction, and potential resource milestone-related payments of 250,000 pounds to 2 million pounds, payable in cash or shares. The gold streaming, mining and treasury company noted that the Santa Teresa project has an existing NI 43-101 inferred mineral resource of 230,000 tonnes at 8.7 grams per tonne of gold, containing 64,000 ounces of gold.