Blue Horizon Global Capital Evaluating Asset-Structuring Initiative
Toronto, Ontario — February 9, 2026 — Leads & Copy — Blue Horizon Global Capital Corp. (CSE: BHCC) is evaluating a potential regulated asset-structuring initiative to unlock value from its undervalued proprietary 3D seismic data asset in Montana.
The company owns a high-quality, capital-intensive, long-life 3D seismic dataset with an estimated internal fair market value of approximately CAD $15 million. The asset has historically been monetized through licensing and reprocessing, and is expected to continue to present long-term monetization opportunities.
Management believes that this type of non-operating data asset is not efficiently reflected in public equity valuations due to its illiquidity, long-dated cash flow profile, and non-core classification within public markets.
The proprietary 3D seismic dataset covers approximately 120 square miles in Pondera and Teton Counties, Northwestern Montana and is owned by Primary Petroleum Company USA, Inc., a subsidiary of Blue Horizon Global Capital, together with a joint venture partner, Oxy USA Inc. Primary Petroleum owns 67.5% of the dataset, with Oxy owning 32.5%.
The company has engaged American Geophysical Corporation to assist in the marketing of the dataset for licensing opportunities. Management believes continued marketing may lead to additional licensing arrangements, joint ventures, partnerships, or potential farm-in transactions.
Management believes that public equity markets often apply a significant discount to non-operating, illiquid data assets, resulting in underlying value being embedded within the Company’s equity and not independently recognized. Traditional alternatives, including outright sale, joint ventures, or debt financing, may involve strategic or economic trade-offs that the Company does not consider optimal at this time.
Accordingly, the company is evaluating whether a regulated tokenization-based structure could provide a conservative, non-dilutive method to improve value recognition while maintaining strategic control and flexibility.
Under the structure currently being evaluated, the economic rights associated with the seismic data may be licensed or transferred into an Ontario-based special purpose vehicle (SPV).
The SPV would issue regulated securities representing economic exposure only to cash flows generated from licensing, reprocessing, or other monetization activities related to the data.
The company would retain strategic oversight, while holders of such securities would have no governance or operational control.
Any structure implemented would be fully compliant with applicable Canadian securities laws and intended for institutional participation.
If utilized, blockchain technology would function solely as an administrative registry and settlement mechanism and would not involve retail crypto assets or speculative digital currencies.
As part of its evaluation, the company is considering a value-first capital sequencing approach, which may include the potential distribution of a minority portion (currently anticipated to be approximately 20–30%) of the structured economic interest, on a pro rata basis, to existing shareholders as a return of capital, subject to applicable approvals.
Establishing transparency and reference valuation prior to considering any third-party capital participation, and any subsequent issuance of securities would be targeted toward institutional or strategic investors, at market-validated pricing.
No decisions have been made with respect to any financing or distribution, and no assurance can be given that any transaction will be completed.
The company is currently in an evaluation phase only and has not entered into any binding agreements. The company will provide further updates in accordance with its continuous disclosure obligations as developments warrant.
The company also announced that it has terminated the securities purchase agreement dated July 28, 2025 with C2 Technology Innovations Ltd. This decision was made due to C2’s inability to secure the necessary funding and the requirement by the CSE for an independent third-party valuation of C2 and its associated technologies.
Blue Horizon is an investment company whose primary objective is to identify promising companies with excellent projects, innovative technologies or both, using management’s extensive experience in deal sourcing and capital combination to maximize returns for its shareholders. Blue Horizon will invest its funds with the aim of generating returns from capital appreciation and investment income. It intends to accomplish these goals through the identification of and investment in securities of private and publicly listed entities across a wide range of sectors and industry areas, including but not limited to the technology, software development and biotechnology industries.
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