80 Mile Lifts White Flame Stake to 98.82% with New Share Issue

Bluejay Mining ( (GB:80M) ) just unveiled an announcement.

80 Mile plc has increased its ownership in White Flame Energy Limited to 98.82 per cent after receiving acceptances for 2.18 per cent of WFE’s equity from minority shareholders. The company will satisfy the consideration through the issue of 6,513,349 new ordinary shares, expanding its share count ahead of their expected admission to trading on AIM around 14 April 2026.

Following admission of the new shares, 80 Mile’s total ordinary shares in issue will rise to 5,068,076,045, of which 4,864,519,027 carry voting rights, recalibrating disclosure thresholds for investors under UK transparency rules. Consolidating control of White Flame Energy strengthens 80 Mile’s push into industrial and natural gas assets in East Greenland, deepening its diversification beyond mining and reinforcing its strategy to build a balanced portfolio of critical metals and energy projects.

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 London AIM and Frankfurt-listed exploration and development company focused on high-grade critical metals and energy assets in Greenland and Finland. Its portfolio includes the Disko-Nuussuaq nickel-copper-cobalt-PGE project with KoBold Metals, large-scale multi-metal projects in Finland, the fully permitted Dundas Ilmenite Project, the Thule Copper Project, and energy licenses acquired through White Flame Energy in East Greenland.

The company targets tier-one jurisdictions and aims to advance strategic mining and energy projects, including industrial and natural gas, to supply critical minerals and sustainable energy solutions. Its diversified asset base and partnerships, including AI-driven exploration with KoBold, position 80 Mile as an emerging player in both critical metals and energy markets.

Average Trading Volume: 108,769,794

Technical Sentiment Signal: Hold

Current Market Cap: £45.67M

Find detailed analytics on 80M stock on TipRanks’ Stock Analysis page.