80 Mile Issues 52.5 Million New Shares on Warrant Exercise

Bluejay Mining ( (GB:80M) ) has issued an update.

80 Mile plc has issued 52.5 million new ordinary shares following the exercise of warrants, with the stock to be admitted to trading on AIM and ranking pari passu with existing shares. After admission, the company will have just over 5.06 billion ordinary shares in issue, of which about 4.86 billion carry voting rights, a new base figure for investors tracking significant shareholdings.

The warrant exercise modestly enlarges 80 Mile’s capital base as it advances its diversified portfolio of hydrocarbons, critical metals and sustainable fuels projects. The move underpins ongoing funding for major developments in Greenland and Italy, potentially strengthening the group’s capacity to progress drilling campaigns and commercialise its near-term Dundas ilmenite project, while slightly diluting existing shareholders.

The most recent analyst rating on (GB:80M) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Bluejay Mining stock, see the GB:80M Stock Forecast page.

Spark’s Take on 80M Stock

According to Spark, TipRanks’ AI Analyst, 80M is a Neutral.

The score is held down primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn), which increases funding and dilution risk despite low debt. Technicals are supportive with strong trend and positive momentum, but overbought signals temper the benefit. Valuation is difficult to assess due to negative earnings and no dividend yield data.

To see Spark’s full report on 80M stock, click here.

More about Bluejay Mining

80 Mile plc is a multi-listed exploration and development company focused on hydrocarbons and high‑grade critical metals in Greenland, alongside an industrial gas and biofuels business in Italy. Its portfolio includes the Jameson gas and liquids project, the Disko-Nuussuaq nickel-copper-cobalt-PGE project, and the high-grade Dundas ilmenite project, positioning the group across energy, critical minerals and sustainable fuels markets.

Listed on AIM, Frankfurt and the U.S. OTC market, 80 Mile pursues a strategy of advancing key assets while creating value through partnerships and strategic acquisitions. Recent joint ventures are set to fund substantial drilling at Jameson and Disko, while Dundas, backed by a bankable feasibility study and permits, stands out as a near-term revenue opportunity in the titanium supply chain.

Average Trading Volume: 103,039,598

Technical Sentiment Signal: Hold

Current Market Cap: £58.11M

For detailed information about 80M stock, go to TipRanks’ Stock Analysis page.