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Bluejay Mining ( (GB:80M) ) has issued an update.
80 Mile Plc announced a favorable ruling from the Court of Bari in Italy, which dismissed claims made by Digitile against its subsidiary Greenswitch regarding a disputed 2015 agreement. This legal resolution allows 80 Mile to continue its staged acquisition of Hydrogen Valley, enhancing its strategic positioning in the energy sector. The court’s decision, which rejected Digitile’s claims for damages and ownership of a biofuels plant, removes a significant obstacle for 80 Mile, potentially benefiting shareholders and supporting the company’s growth strategy.
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 a diversified portfolio in Greenland and Finland. Its strategy involves advancing key projects and creating value through partnerships and strategic acquisitions. Notable projects include the Disko-Nuussuaq nickel-copper-cobalt-PGE project in Greenland, the Dundas Ilmenite Project, and the Thule Copper Project. The company has also expanded into the energy and gas sector with the acquisition of White Flame Energy, holding large-scale licenses in East Greenland.
YTD Price Performance: 3.70%
Average Trading Volume: 16,042,881
Technical Sentiment Signal: Buy
Current Market Cap: £11.02M
For a thorough assessment of 80M stock, go to TipRanks’ Stock Analysis page.