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80 Mile Plc Divests Kangerluarsuk Project to Focus on Core Assets

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80 Mile Plc Divests Kangerluarsuk Project to Focus on Core Assets

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The latest update is out from Bluejay Mining ( (GB:80M) ).

80 Mile Plc has executed an asset purchase agreement with Amaroq Minerals Ltd. for the sale of the Kangerluarsuk zinc-lead-silver project in Greenland. 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 and the Jameson Land Basin Project. The proceeds from this sale will support the advancement of these core assets and further strategic initiatives.

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, creating value through partnerships, and strategic acquisitions, with a focus on base metals, precious metals, and sustainable energy solutions.

Average Trading Volume: 18,404,477

Technical Sentiment Signal: Strong Sell

Current Market Cap: £10.71M

Find detailed analytics on 80M stock on TipRanks’ Stock Analysis page.

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