UK-based online community funding platform Angel EQT is working with Britannia’s Gold to recover the estimated £125bn of Britain’s gold and other precious metals originally intended to be used as payments towards the Allied war effort, but lost at sea during World Wars I and II.
Thanks to funding by Angel EQT investors, BGL has now completed survey operations on the first cluster of target shipwrecks, involving a team of 37 working around the clock to locate, identify and survey the three pre-identified targets, using state-of-the-art video and acoustic mapping marine survey technology and equipment.
BG Operational Director Will Carrier explained: “Our team of highly competent and well experienced survey and salvage professionals worked faultlessly to make sure all aspects of this crucial start to the project were planned and integrated well ahead of the charter vessel’s departure from port. Mobilisation was intense due to the vast survey equipment requirements, but the detailed preparations paid off in the time we had to commence and complete operations at the shipwreck sites. We were able to gather all the information we needed as well as to reassure ourselves that the wrecks remain intact with no visible evidence of previous salvage attempts.”
Angel Group CEO Dominic Berger added: “We are delighted that Britannia’s Gold has been able to complete the first phase of this important project, thanks to our Angel EQT equity partner investors. This initiative offers a unique and unprecedented chance for individual investors to get involved at the earliest stage in a significant project which could result in a very positive ROI for them as well as being of substantial national importance for Britain.”