Bluejay Mining ( (GB:80M) ) has shared an update.
80 Mile Plc has issued 11,246,910 new ordinary shares as part of its acquisition of White Flame Energy Limited, now holding 96.64% of WFE’s issued capital. This acquisition expands 80 Mile’s portfolio into the energy sector with large-scale licenses for industrial gas, natural gas, and liquid hydrocarbons in East Greenland, aligning with its strategy to contribute to sustainable energy solutions. The move is expected to diversify the company’s assets and enhance its market positioning, potentially impacting stakeholders by broadening its operational scope and resource base.
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, developed in partnership with KoBold Metals, and the Outokumpu project in Finland, which holds significant economic potential with discoveries of industrial gases.
Average Trading Volume: 19,545,405
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £10.6M
For an in-depth examination of 80M stock, go to TipRanks’ Stock Analysis page.