80 Mile PLC Partners with March GL for Jameson Project Development

Bluejay Mining ( (GB:80M) ) has issued an update.

80 Mile PLC has entered into a binding agreement with March GL Company, which will fund research drilling at the Jameson project in Greenland. This agreement allows March GL to earn up to a 70% interest in the project through a two-stage earn-in structure. The drilling aims to evaluate the potential of the Jameson Basin for industrial gases, natural gases, and liquid hydrocarbons, which could have significant strategic and economic benefits for Greenland. The project is part of a broader Arctic and North Atlantic energy corridor and involves collaboration with experienced technical consultants and logistics providers to ensure responsible development.

More about Bluejay Mining

80 Mile PLC is an exploration and development company operating in the mining sector, with mineral and energy projects in Greenland and a biofuels plant in Italy. The company is listed on AIM, FSE, and US OTC markets, focusing on the development of energy resources, particularly in the Jameson Concession in Greenland.

YTD Price Performance: 7.41%

Average Trading Volume: 15,011,946

Technical Sentiment Signal: Buy

Current Market Cap: £11.41M

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