Welcome to our dedicated page for 80 Mile PLC news (Ticker: BLLYF), a resource for investors and traders seeking the latest updates and insights on 80 Mile PLC stock.
80 Mile PLC (OTC: BLLYF) generates news across critical metals, industrial gases, energy and biofuels through its projects in Greenland and Italy. As an AIM, FSE and OTC-listed exploration and development company, its announcements often relate to joint ventures, drilling plans, portfolio transactions and progress on both mineral and energy assets.
Investors following 80 Mile’s news can expect updates on the Disko-Nuussuaq nickel-copper-cobalt-PGE project in West Greenland, where the company has identified multiple magmatic massive sulphide targets and entered into binding heads of terms with a U.S. partner to fund staged drilling in exchange for a majority interest. News from Disko frequently covers funding structures, operational roles, and technical details about targets and sampling results.
Another recurring news theme is the Dundas Ilmenite Project in northwest Greenland, described by the company as its most advanced asset with a JORC-compliant mineral resource and offshore exploration target. Releases may discuss permitting status, resource work and technical findings such as hard rock titanium mineralisation.
Energy and industrial gas developments at the Jameson project in East Greenland also feature prominently. 80 Mile has announced binding heads of terms with March GL Company for fully funded stratigraphic drilling, and news items outline the earn-in structure, planned wells and the basin’s potential for industrial gases, natural gas and liquids based on historical data.
In Italy, news often focuses on Hydrogen Valley and Greenswitch, including memoranda of understanding for biofuel supply and changes in 80 Mile’s ownership stake. Corporate updates may also cover asset divestments, such as the sale of the Kangerluarsuk project and the Finnish portfolio, as well as equity raises and strategic reviews. For a consolidated view of these developments, this page provides a central feed of 80 Mile PLC (BLLYF) news.
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Bluejay Mining plc appoints Robert Edwards as Executive Chairman, effective immediately. Edwards brings 30 years of experience in natural resources, including key roles in production mining and investment banking. His prior positions included Non-Executive Director of MMC Norilsk Nickel and Chairman of Sierra Rutile Limited. Edwards aims to leverage his expertise to enhance Bluejay's Dundas Ilmenite and Disko-Nuussuaq projects in Greenland. The company sees this appointment as pivotal during a transformative period for its mineral portfolio.
Bluejay Mining plc has successfully completed its 2022 Disko-Nuussuaq Field Programme, collaborating with KoBold Metals for extensive exploration in Greenland aimed at critical metals including nickel, copper, and cobalt. Highlights include over 4,500 line km of aerial surveys, identification of a promising 600m EM anomaly, and integration of advanced AI for target prioritization. The company seeks to establish a significant Battery Metals district to meet global green energy demands. Preliminary results suggest potential for substantial future drilling.
Bluejay Mining plc has released its Final Results for the year ended 31 December 2021. Highlights include the final permits secured for production at the Dundas Ilmenite Project in Greenland, joint ventures with KoBold Metals and Rio Tinto, and a funded exploration campaign of up to $20 million. The company received letters of interest from four export credit agencies for Dundas and raised $7 million to support project feasibility. The AGM is scheduled for 23 June 2022.
Bluejay Mining plc announced the commencement of its first exploration program of 2022 at the Enonkoski nickel-copper-cobalt project in Finland, with approval for an increased exploration budget by JV partner Rio Tinto. Planned field activities include follow-up diamond drilling, top of bedrock drilling, geological mapping, and sampling. The program aims to begin in Q2 2022, targeting high-potential areas based on previous drilling results. Bluejay aims for up to 1,500 meters of diamond drilling and will utilize low-impact methods to enhance environmental sustainability while exploring valuable mineral resources.
Bluejay Mining PLC has raised $7 million (£5.38 million) through the placement of 76,857,134 new ordinary shares at 7 pence each. This funding aims to complete the feasibility study for the Dundas Ilmenite Project in Greenland, moving towards production. The placement saw support from existing institutional investors, including Greenlandic and Danish government-backed institutions. The proceeds will also aid in corporate purposes and securing key staff. The project holds a significant Mineral Resource of 117Mt at 6.1% ilmenite, enhancing its economic viability.
Bluejay Mining has announced its 2022 work programme at the Disko-Nuussuaq Project, collaborating with KoBold Metals. The campaign marks the first major exploration effort for the joint venture, focusing on nickel, copper, cobalt, and platinum group metals. Key plans include:
- 9,500 km of geophysical surveys
- 3,000 m of diamond drilling
- 200 km of soil sampling
Expected to commence in June, the programme aims to validate existing geological models and enhance mineral data using advanced technologies.
Bluejay Mining plc has released a podcast featuring CEO Bo Møller Stensgaard, discussing support for the Dundas Project from the European Raw Material Alliance (ERMA). The podcast highlights future opportunities and the significance of critical minerals amidst current geopolitical challenges. Bluejay is developing the Dundas Ilmenite Project in Greenland, noted as the highest-grade mineral sand ilmenite project globally, with a Mineral Resource of 117Mt at 6.1% ilmenite. The company aims to secure financing for commercial production and has established partnerships for project diversification.
Bluejay Mining has received official support from the European Raw Material Alliance (ERMA) for its Dundas Ilmenite Project in Greenland. This project aims to secure a supply of ilmenite for the European Union, enhancing the region's mining and supply chain capabilities for titanium ore. ERMA's endorsement signifies the project's alignment with EU strategic goals, with all necessary political permits already in place. The Dundas project is positioned to fulfill high environmental standards and is backed by strong local community support, offering collaboration opportunities in education and sustainable mining practices.
Bluejay Mining plc announced a podcast featuring CEO Bo Møller Stensgaard discussing the Disko-Nuussuaq Project. The podcast highlights the project's potential, history, and modern interpretation techniques. Additionally, Bluejay has established Nikkeli Greenland A/S for a joint venture with KoBold Metals, with plans for 2022 field activities nearing completion. The company aims to update the market later this year. Bluejay's Dundas Ilmenite Project has also made progress towards production, with a significant Master Distribution Agreement in place.