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Bluejay Mining ( (GB:80M) ) has shared an update.
80 Mile Plc has allotted 393,557,018 ordinary shares to its Employee Benefit Trust, representing 10% of its issued share capital. This move is part of its strategy to enhance shareholder value and aligns with its ongoing efforts to expand its portfolio in critical metals and sustainable energy solutions. The shares will be admitted to trading on AIM, increasing the total number of ordinary shares to 4,329,127,203. This development is expected to impact the company’s operations by potentially increasing liquidity and providing a mechanism for employee incentives, thereby strengthening its market position.
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. It offers diversification in base metals, precious metals, industrial gas, and sustainable fuels, aiming to advance key projects and create value through partnerships and acquisitions. Notable projects include the Disko-Nuussuaq nickel-copper-cobalt-PGE project and the Dundas Ilmenite Project in Greenland.
Average Trading Volume: 20,955,732
Technical Sentiment Signal: Strong Sell
Current Market Cap: £9.84M
For detailed information about 80M stock, go to TipRanks’ Stock Analysis page.