Azumah Resources Ghana Limited has strongly refuted claims of a purported sale of its flagship Black Volta Gold Project to Engineers & Planners Company Limited (E&P) or any other party.
In a statement issued on Monday, the company described as “false and unauthorised” a widely circulated invitation to a supposed “Facility Agreement Signing Ceremony – E&P Acquisition of the Black Volta Gold Project.” The event was said to be scheduled for July 7, 2025, at the Marriott Hotel in Accra.
“Azumah Resources has neither sold nor is in the process of selling the Black Volta Gold Project, in whole or in part,” the company said. “We have not entered into any acquisition agreement, nor have we authorised any third party to act on our behalf.”
The company clarified that its Board of Directors and Executive Management have no knowledge of the purported agreement and that no discussions have taken place with Engineers & Planners or any of its affiliates.
Azumah Resources further emphasized that the Black Volta Gold Project remains 100 percent owned by the company. It noted that it has commenced preparatory works at the site following successful shareholder-backed financing, and is progressing steadily toward full-scale construction.
“The Black Volta Gold Project remains wholly owned by Azumah Resources, and we reiterate our unwavering commitment to its development,” the statement added. “We remain focused on delivering this project in line with the highest standards of transparency, professionalism, and national development objectives.”
The company has called on the public and stakeholders to disregard the event invitation and any associated documents, stressing that they do not reflect the company’s position or intentions.
Azumah Resources is a key player in Ghana’s mining sector, with the Black Volta Gold Project regarded as a significant asset in the Upper West Region.
