80 Mile’s Jameson Stake Valued at US$148m as Greenland Energy Lists on NASDAQ

The latest update is out from Bluejay Mining ( (GB:80M) ).

80 Mile Plc has confirmed that Pelican Acquisition Corporation has completed its acquisition of Greenland Exploration Limited and begun trading on NASDAQ as Greenland Energy Company under the ticker GLND, consolidating Pelican, GLND and March GL into a single U.S.-listed vehicle focused on the Jameson liquid hydrocarbon project in East Greenland. Based on GLND’s US$345m market capitalisation at the close on 26 March 2026, 80 Mile’s retained 30% interest in the Jameson project is notionally valued at about US$148m, underscoring the perceived scale and strategic importance of the basin.

Under a definitive joint venture agreement, GLND will fund 100% of the costs of up to two exploration wells, allowing it to earn up to a 70% working interest while 80 Mile retains a 30% free-carried stake upon completion of the second well. The Jameson Basin, covering about two million acres, has independently assessed gross un-risked prospective resources of 13.03 billion barrels (P10), with approximately 3.9 billion barrels attributable to 80 Mile post earn-in, and preparations for first drilling in H2 2026 are advancing with major oilfield service providers engaged and equipment already mobilised to East Greenland.

The creation of Greenland Energy Company as a dedicated public market vehicle provides Jameson with enhanced access to capital and specialist operational expertise, shifting the project from a technical opportunity to a funded, execution-ready drilling campaign. 80 Mile retains flexibility over its 30% stake, with no fixed entitlement on price or timing of any potential sale, while benefitting from an independently validated valuation benchmark and strengthened industry positioning in one of the most prospective undrilled hydrocarbon provinces globally.

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 AIM in London, the Frankfurt Stock Exchange and the U.S. OTC markets, with a portfolio of energy and mineral projects in Greenland, Finland and Italy. Through its wholly owned subsidiary White Flame Energy A/S, the company holds licences over the Jameson Land Basin in East Greenland, targeting large-scale liquid hydrocarbon and gas resources in one of the world’s last undrilled onshore basins.

Average Trading Volume: 107,096,883

Technical Sentiment Signal: Hold

Current Market Cap: £51.54M

Find detailed analytics on 80M stock on TipRanks’ Stock Analysis page.