Bluejay Mining ( (GB:80M) ) has shared an announcement.
80 Mile Plc has executed a Share Purchase Agreement to sell its wholly owned subsidiary, FinnAust Mining Finland Oy, to Metals One Plc. This transaction includes the Hammaslahti Copper-Zinc and Outokumpu Copper Projects in Finland. However, 80 Mile retains rights to any industrial gases associated with these projects, allowing the company to focus on emerging energy commodities like helium and hydrogen. This strategic divestment aligns with 80 Mile’s focus on industrial gases, while still allowing participation in potential future discoveries in this sector.
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. Pink Market. The company focuses on high-grade critical metals in Tier 1 jurisdictions, with a diversified portfolio in Greenland and Finland. Its strategy includes advancing key projects and creating value through partnerships and strategic acquisitions. Notable projects include the Disko-Nuussuaq nickel-copper-cobalt-PGE project in Greenland, the Dundas Ilmenite Project, and the Thule Copper Project, as well as rights to industrial gases in Finland.
YTD Price Performance: -9.26%
Average Trading Volume: 21,472,781
Technical Sentiment Signal: Buy
Current Market Cap: £9.84M
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