80 Mile seals USFM joint venture and secures drilling permits for Greenland’s Disko-Nuussuaq project

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

80 Mile plc has executed a definitive joint venture agreement with USFM Corporation for the Disko-Nuussuaq nickel-copper-cobalt-PGE project in West Greenland, under which USFM will fund US$30 million to earn a 51% interest while 80 Mile remains operational manager and retains a free-carried 49% stake. The company has secured Greenlandic drilling permits, approved a US$7.5 million budget for an initial 5,000-metre campaign starting in July 2026, appointed Forage Fusion Drilling, Air Greenland and SRK Exploration as key contractors, and highlighted Disko’s Norilsk-style magmatic massive sulphide potential as a cornerstone asset that strengthens its strategic position in Greenland’s critical metals landscape.

Spark’s Take on 80M Stock

According to Spark, TipRanks’ AI Analyst, 80M is a Neutral.

The score is held down primarily by weak financial performance (no revenue, widening losses, and ongoing cash burn), which increases funding and dilution risk despite low debt. Technicals are supportive with strong trend and positive momentum, but overbought signals temper the benefit. Valuation is difficult to assess due to negative earnings and no dividend yield data.

To see Spark’s full report on 80M stock, click here.

More about Bluejay Mining

80 Mile plc is an exploration and development company listed on AIM, FSE and OTC, with a portfolio of mineral projects in Greenland, Finland and Italy. The group is focused on discovering and advancing high-potential nickel, copper, cobalt and platinum group metal deposits, positioning itself as an early mover in Greenland’s emerging critical minerals sector.

Average Trading Volume: 67,328,393

Technical Sentiment Signal: Hold

Current Market Cap: £44.9M

For a thorough assessment of 80M stock, go to TipRanks’ Stock Analysis page.