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Bluejay Mining ( (GB:80M) ) has issued an announcement.
80 Mile Plc has agreed to sell its 100% interest in the Kangerluarsuk zinc-lead-silver project in Greenland to Amaroq Minerals Ltd for up to US$2 million. This transaction aligns with 80 Mile’s strategy to monetize non-core assets and focus on priority projects like the Disko-Nuussuaq nickel-copper-cobalt project. The sale will provide funds to advance these core assets and further strategic initiatives, potentially impacting the company’s operations and market focus.
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 in Tier 1 jurisdictions, with projects in Greenland and a developing industrial gas and biofuels business in Italy. 80 Mile’s strategy involves advancing key projects and creating value through partnerships and strategic acquisitions, with a focus on base metals, precious metals, and sustainable energy solutions.
Average Trading Volume: 22,230,676
Technical Sentiment Signal: Strong Sell
Current Market Cap: £10.43M
Learn more about 80M stock on TipRanks’ Stock Analysis page.