80 Mile’s Jameson Stake Valued at US$104m as Greenland Energy Lists on Nasdaq

Bluejay Mining ( (GB:80M) ) just unveiled an announcement.

80 Mile Plc has confirmed that Pelican Acquisition Corporation has completed its acquisition of Greenland Exploration Limited, which has now begun trading on Nasdaq as Greenland Energy Company under the ticker GLND, consolidating the Jameson hydrocarbon project in East Greenland into a single U.S.‑listed vehicle. Under an existing joint venture, GLND can earn up to a 70% stake in the Jameson project by funding two exploration wells, leaving 80 Mile with a 30% interest valued at about US$104m based on GLND’s latest market capitalisation.

The Jameson project covers around two million acres in East Greenland and has been extensively studied, with an independent report from Sproule ERCE estimating 13.03 billion barrels (P10) of gross un‑risked recoverable prospective oil resources, of which roughly 3.9 billion barrels would be attributable to 80 Mile after full earn‑in. With Halliburton contracted for drilling services, heavy equipment mobilised and logistics agreements in place, the launch of Greenland Energy Company provides a dedicated public‑market platform to fund and execute a maiden drilling campaign targeted for the second half of 2026, potentially reshaping 80 Mile’s hydrocarbon portfolio and exposure to one of the world’s largest undrilled onshore basins.

The most recent analyst rating on (GB:80M) stock is a Hold with a £1.00 price target. To see the full list of analyst forecasts on Bluejay Mining stock, see the GB:80M Stock Forecast page.

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 London’s AIM market, the Frankfurt Stock Exchange and the U.S. OTC market. The group focuses on hydrocarbon and high‑grade critical metal projects in Greenland and operates an industrial gas and biofuels business in Italy, offering portfolio and commodity diversification across hydrocarbons, base and precious metals, and sustainable fuels.

Average Trading Volume: 107,096,883

Technical Sentiment Signal: Hold

Current Market Cap: £51.54M

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