Bluejay Mining ( (GB:80M) ) has provided an update.
80 Mile Plc has executed a Share Purchase Agreement to sell its subsidiary, FinnAust Mining Finland Oy, to Metals One Plc, which includes the Hammaslahti and Outokumpu Copper Projects in Finland. Despite the sale, 80 Mile retains rights to industrial gases like helium and hydrogen associated with these projects, aligning with its focus on emerging energy commodities. This strategic divestment allows 80 Mile to concentrate on industrial gases while maintaining potential benefits from future discoveries in this sector.
More about Bluejay Mining
80 Mile Plc is an exploration and development company focused on high-grade critical metals in Tier 1 jurisdictions, with a diversified portfolio in Greenland and Finland. The company is listed on the London AIM market, Frankfurt Stock Exchange, and the U.S. Pink Market. Its strategy is centered on advancing key projects, creating value through partnerships and strategic acquisitions. Notable projects include the Disko-Nuussuaq nickel-copper-cobalt-PGE project in Greenland, developed in partnership with KoBold Metals, and the Dundas Ilmenite Project in northwest Greenland. 80 Mile also holds rights to industrial gases in Finland and has expanded into the energy sector with the acquisition of White Flame Energy.
YTD Price Performance: -9.26%
Average Trading Volume: 21,472,781
Technical Sentiment Signal: Buy
Current Market Cap: £9.84M
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