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An announcement from Bluejay Mining ( (GB:80M) ) is now available.
80 Mile Plc has received a US$500,000 payment from its joint venture partner, March GL, following the finalization of their agreement on the Jameson liquid hydrocarbon project in Greenland. The acquisition of March GL by Pelican Acquisition Corporation is set to complete in early January 2026, after which it will be renamed Greenland Energy Company and trade on NASDAQ. 80 Mile retains a 30% interest in the Jameson project, with its value estimated at US$92 million. Heavy equipment has been delivered to East Greenland for drilling operations anticipated in the second half of 2026, marking significant progress in 80 Mile’s energy sector expansion.
More about Bluejay Mining
80 Mile Plc is an exploration and development company listed on the London AIM market, Frankfurt Stock Exchange, and the U.S. OTC Market. The company focuses on high-grade critical metals, industrial gas, and biofuels in Tier 1 jurisdictions, with projects in Greenland and Italy. 80 Mile aims to advance key projects and create value through partnerships and strategic acquisitions, with a particular focus on the Disko-Nuussuaq nickel-copper-cobalt-PGE project and the Dundas Ilmenite Project in Greenland.
Average Trading Volume: 71,899,790
Technical Sentiment Signal: Hold
Current Market Cap: £22.33M
For a thorough assessment of 80M stock, go to TipRanks’ Stock Analysis page.