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Bluejay Mining ( (GB:80M) ) just unveiled an announcement.
80 Mile plc has moved to acquire the remaining 3.36% of White Flame Energy Ltd it does not already own, having increased its stake to 96.64% following prior transactions completed since late 2024. The company has sent a letter to WFE’s minority shareholders offering 1.61 new 80 Mile shares for each WFE share, matching the terms of the earlier 2024 offer and implying up to 10,047,176 new shares based on the current volume-weighted average share price.
The offer, which is open for acceptance until midday GMT on 27 March 2026, is intended to secure full ownership of WFE and simplify the group’s structure as it deepens its exposure to conventional energy alongside its critical metals portfolio. Full consolidation of WFE would support 80 Mile’s broader strategy of combining traditional hydrocarbon opportunities, such as the Jameson licences in East Greenland, with sustainable fuels and clean energy projects to diversify revenue streams and enhance long-term growth prospects.
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 GB:80M Stock
According to Spark, TipRanks’ AI Analyst, GB: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 GB:80M stock, click here.
More about Bluejay Mining
80 Mile plc is an exploration and development company focused on high‑grade critical metals and energy assets in Tier 1 jurisdictions, with listings on AIM, the Frankfurt Stock Exchange and the U.S. OTC market. The group holds multiple projects in Greenland, including the Disko-Nuussuaq nickel-copper-cobalt-PGE asset and the advanced Dundas Ilmenite Project, as well as industrial gas and biofuels operations in Italy and a 30% interest in the Jameson hydrocarbon licences.
Average Trading Volume: 87,511,573
Technical Sentiment Signal: Hold
Current Market Cap: £48.46M
Find detailed analytics on 80M stock on TipRanks’ Stock Analysis page.