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Bluejay Mining PLC (GB:80M)
LSE:80M

Bluejay Mining (80M) AI Stock Analysis

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GB:80M

Bluejay Mining

(LSE:80M)

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Neutral 49 (OpenAI - 5.2)
Rating:49Neutral
Price Target:
1.00p
▲(92.31% Upside)
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.
Positive Factors
Low leverage
Near-zero debt materially lowers financial distress risk for a development-stage miner. This preserves optionality to fund exploration via equity, JV or farm-outs without immediate refinancing pressure, supporting project development timelines and partner negotiations over months.
Strategic commodity mix
Exposure to battery and specialty metal systems (nickel, cobalt, vanadium/titanium, PGMs) aligns with multi-year structural demand from electrification and industrial uses. A diversified commodity portfolio reduces single-asset risk and enhances options for joint ventures or off-take across cycles.
Clear monetization pathways
As a pre-revenue explorer, having explicit transactional routes to fund advancement is durable: farm-outs and JV deals can de-risk projects and transfer funding obligations to partners, preserving corporate runway and enabling staged project advancement without immediate production.
Negative Factors
No operating revenue
A prolonged absence of operating revenue means the company lacks internally generated cashflows to fund exploration or studies. Over months this forces reliance on external capital or asset sales, increasing dilution risk and creating execution uncertainty for project timelines.
Widening net losses
A large jump in annual losses materially erodes equity and reduces financial flexibility. Sustained deeper losses raise the frequency and quantum of required financings, complicate partner negotiations, and can delay or downscale technical programs over a multi-month horizon.
Persistent negative cash flow
Continued operating and free cash outflows imply ongoing cash burn and dependence on external funding. This structural funding need limits flexibility to accelerate exploration or studies, heightens dilution risk, and makes project pacing contingent on capital markets or partner commitments.

Bluejay Mining (80M) vs. iShares MSCI United Kingdom ETF (EWC)

Bluejay Mining Business Overview & Revenue Model

Company Description80 Mile Plc, together with its subsidiaries, engages in the exploration and development of precious and base metals in the United Kingdom, Greenland, and Finland. The company explores for ilmenite, copper, cobalt, zinc, lead, nickel, platinum, and silver deposits. It holds interests in the Dundas ilmenite, Disko-Nuussuaq, Kangerluarsuk, and Thunderstone projects located in Greenland; and Hammaslahti, Enonkoski, and Outokumpu projects located in Finland. The company was formerly known as Bluejay Mining plc and changed its name to 80 Mile Plc in August 2024. 80 Mile Plc is headquartered in London, the United Kingdom.
How the Company Makes Money

Bluejay Mining Financial Statement Overview

Summary
Income statement and cash flow quality are very weak: no revenue reported (2020–2024), widening losses in 2024, and consistently negative operating and free cash flow indicating ongoing cash burn. The main offset is low leverage with minimal debt, but continued losses are eroding equity.
Income Statement
12
Very Negative
The company reports no revenue across 2020–2024, while losses have widened materially in the latest year (net loss of ~9.6M in 2024 vs ~1.8M in 2023). Operating profitability is consistently negative (EBITDA and EBIT losses each year), indicating an early-stage/cost-heavy profile without an operating earnings base. A notable positive is that 2022 showed a one-off profit, but results reverted back to significant losses thereafter, highlighting earnings volatility and weak underlying profitability.
Balance Sheet
58
Neutral
Leverage appears low, with total debt at or near zero in most years, which reduces financial risk. However, equity has declined from ~40.0M (2022) to ~33.0M (2024) and returns on equity turned sharply negative in 2024, reflecting meaningful value erosion from losses. Overall, the balance sheet is not debt-stressed, but continued losses are pressuring the equity base.
Cash Flow
24
Negative
Cash generation is weak, with operating cash flow negative in every year shown and worsening to about -3.0M in 2024 (vs near breakeven in 2023). Free cash flow is also consistently negative (roughly -3.5M to -6.0M range), implying ongoing cash burn and reliance on external funding over time. While free cash flow was less negative in 2024 versus 2022, the overall trajectory still points to sustained cash outflows and limited self-funding capacity.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue0.000.000.000.000.000.00
Gross Profit-153.40K-35.89K-213.52K-629.93K-199.84K-606.59K
EBITDA3.48M-2.86M-1.49M-2.15M-2.24M-1.85M
Net Income483.16K-9.56M-1.81M1.66M-2.71M-2.26M
Balance Sheet
Total Assets43.97M34.15M40.52M41.03M32.66M36.87M
Cash, Cash Equivalents and Short-Term Investments1.07M414.97K200.70K2.00M2.70M6.04M
Total Debt0.000.000.000.000.0062.22K
Total Liabilities1.58M1.19M1.14M1.02M1.13M1.74M
Stockholders Equity42.48M32.97M39.38M40.01M31.53M35.13M
Cash Flow
Free Cash Flow839.89K-3.83M-3.75M-5.97M-3.52M-4.20M
Operating Cash Flow839.89K-3.03M-67.71K-969.03K-604.79K-1.48M
Investing Cash Flow-405.85K-754.96K-3.60M-4.95M-2.66M-2.81M
Financing Cash Flow1.55K4.23M1.88M5.20M23.50K-82.34K

Bluejay Mining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
52
Neutral
£38.78M-13.00-7.78%-19.57%
49
Neutral
£56.71M-3.88-8.18%
48
Neutral
£153.88M-0.77-210.78%-100.00%-121.52%
45
Neutral
£33.62M-1.76-61.43%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:80M
Bluejay Mining
1.24
0.96
335.09%
GB:CMET
Capital Metals plc
4.85
3.30
212.90%
GB:KAV
Kavango Resources
0.90
0.18
24.14%
GB:ZNWD
Zinnwald Lithium Plc
7.15
-0.21
-2.85%
GB:TUN
Tungsten West Plc
19.85
17.10
621.82%
GB:MET1
Metals One PLC
2.08
-0.17
-7.56%

Bluejay Mining Corporate Events

Business Operations and StrategyExecutive/Board Changes
80 Mile Plc Confirms Managing Director Exit as CEO Search Advances
Positive
Jan 30, 2026

80 Mile Plc has confirmed that Managing Director Eric Sondergaard will step down on 10 February 2026, after which he will remain with the company in a consulting capacity to support the expansion of its operations in Greenland while the board continues an active search for a new CEO. The leadership transition comes as the company pushes ahead with its diversified portfolio of critical metals and energy projects in Greenland and Italy, including fully funded drilling of two wells in the Jameson hydrocarbon basin and advancement of its flagship Disko‑Nuussuaq and Dundas Ilmenite projects, underscoring the importance of securing new executive leadership to steer its next phase of growth.

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.

Business Operations and Strategy
80 Mile Plc Updates Investors on Expanding Greenland Energy and Critical Metals Portfolio
Positive
Jan 27, 2026

80 Mile Plc has released an updated investor presentation outlining the progress and strategic significance of its diversified portfolio in critical metals and energy. The company highlights the impact of its acquisition of White Flame Energy and the Jameson licenses in East Greenland, which gives it a 30% retained interest in a major undrilled hydrocarbon basin and substantially increases its exposure to the conventional energy sector through fully funded upcoming drilling. It also underscores the strategic importance of the wholly owned Disko-Nuussuaq nickel-copper-cobalt-PGE project, where seven high-priority targets could potentially mirror world-class deposits, and the advanced Dundas Ilmenite Project, which carries a substantial JORC-compliant resource and offshore exploration upside, and is positioned to become a major supplier of high-quality ilmenite, with recent high-grade hard rock discoveries further enhancing its long-term growth potential.

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.

Business Operations and StrategyFinancial DisclosuresShareholder Meetings
80 Mile Secures Shareholder Approval for 2024 Accounts, Backing Growth Strategy
Positive
Jan 7, 2026

80 Mile Plc reported that shareholders at its adjourned general meeting have approved the audited accounts for the year ended 31 December 2024, with an overwhelming majority of votes cast in favour of the resolution. The formal approval of the financial statements provides governance clarity and supports the company’s efforts to advance its diversified portfolio of mining and energy projects in Greenland and Italy, underpinning its broader strategy to strengthen its position in critical metals and energy markets.

The most recent analyst rating on (GB:80M) stock is a Hold with a £0.50 price target. To see the full list of analyst forecasts on Bluejay Mining stock, see the GB:80M Stock Forecast page.

Business Operations and StrategyM&A TransactionsShareholder Meetings
80 Mile Resets General Meeting as Greenland Metals and Energy Portfolio Advances
Positive
Jan 5, 2026

80 Mile Plc has rescheduled its adjourned General Meeting, originally called for 30 December 2025, to 7 January 2026 in London, confirming that the resolution previously notified to shareholders remains unchanged and will be put forward at the reconvened session. The move comes as the company continues to consolidate its position across critical metals and energy, following its acquisition of White Flame Energy and the Jameson licences in East Greenland, which has given it a significant foothold in a highly prospective undrilled hydrocarbon basin and an estimated US$92 million valuation for its 30% Jameson interest via a related merger transaction. Together with the advancement of the large-scale Disko-Nuussuaq nickel-copper-cobalt-PGE project and the fully owned, JORC-compliant Dundas Ilmenite Project—poised to become a major supplier of high-quality ilmenite—these developments underscore 80 Mile’s strategy of building a diversified portfolio spanning critical minerals and energy assets in stable jurisdictions, with potential value implications for investors as key projects progress.

The most recent analyst rating on (GB:80M) stock is a Hold with a £0.50 price target. To see the full list of analyst forecasts on Bluejay Mining stock, see the GB:80M Stock Forecast page.

Business Operations and StrategyShareholder Meetings
80 Mile Adjourns General Meeting Amid Expanding Greenland and Energy Portfolio
Neutral
Dec 30, 2025

80 Mile Plc has adjourned its scheduled General Meeting after failing to achieve the required quorum, and will confirm new arrangements for the reconvened meeting in due course. The board used the announcement to reiterate its appreciation for shareholder support and its intention to continue engagement, against the backdrop of the company’s growing asset base in Greenland and Italy, including significant critical metals, ilmenite, and energy projects that underpin its long-term growth strategy and potential value creation for investors.

Business Operations and StrategyM&A Transactions
80 Mile Completes Sale of Greenland Kangerluarsuk Project to Amaroq Minerals
Positive
Dec 23, 2025

80 Mile Plc has secured Greenland Government approval for the sale of its Kangerluarsuk zinc-lead-silver project to Amaroq Minerals, completing a transaction that delivers US$500,000 in Amaroq shares now and preserves upside through a further US$1.5 million contingent payment tied to the future discovery of a compliant resource that supports development. The divestment forms part of 80 Mile’s strategy to monetise non-core assets and concentrate capital on priority projects such as Disko-Nuussuaq, Hydrogen Valley and the Jameson Land Basin, while handing Kangerluarsuk to a well-funded, Greenland-focused operator that 80 Mile believes is better positioned to unlock its exploration potential, thereby potentially benefiting both companies’ shareholders through more focused project pipelines in Greenland.

Business Operations and StrategyM&A TransactionsShareholder Meetings
80 Mile Plc Announces Strategic Developments and Upcoming General Meeting
Positive
Dec 11, 2025

80 Mile Plc has announced the upcoming General Meeting scheduled for December 30, 2025, as part of its ongoing corporate activities. The company has strengthened its position in the energy sector through strategic acquisitions and partnerships, notably with the acquisition of White Flame Energy and the Jameson licenses in East Greenland. This move enhances its exposure to conventional and sustainable energy opportunities. Additionally, 80 Mile is advancing its Disko-Nuussuaq nickel-copper-cobalt-PGE project and the Dundas Ilmenite Project in Greenland, with recent discoveries boosting the potential of these assets. The company has also executed an agreement to divest its interest in the Kangerluarsuk zinc-lead-silver project, further aligning its portfolio with its strategic focus.

Business Operations and StrategyPrivate Placements and Financing
80 Mile PLC Secures £2 Million in Successful Fundraising
Positive
Dec 4, 2025

80 Mile PLC has successfully raised £2 million through a share placement, issuing 400,000,000 Ordinary Shares to new and existing investors. The proceeds will be used to develop assets held by its subsidiary, Hydrogen Valley Limited, and for general corporate purposes. This fundraising marks a significant step in the company’s reorganization, positioning it for future growth with promising joint ventures and projects.

Private Placements and Financing
80 Mile PLC Announces £2 Million Fundraising Through Share Placing
Neutral
Dec 4, 2025

80 Mile PLC has announced a proposed placing to raise approximately £2 million through the issuance of 400,000,000 new ordinary shares at a price of 0.5 pence per share. The funds raised will be used to advance the development of assets held by its subsidiary, Hydrogen Valley Limited, and for general corporate purposes. The placing will be conducted via an accelerated bookbuild process, with Zeus Capital acting as the agent and broker. The new shares will represent approximately 8% of the enlarged share capital, and the placing is subject to certain conditions, including admission becoming effective by mid-December 2025.

Business Operations and StrategyDelistings and Listing ChangesM&A Transactions
80 Mile Plc Advances Jameson Project with JV Payment and Upcoming NASDAQ Listing
Positive
Nov 24, 2025

80 Mile Plc has received a US$500,000 payment from its joint venture partner, March GL, following the finalization of their agreement on the Jameson liquid hydrocarbon project in Greenland. The acquisition of March GL by Pelican Acquisition Corporation is set to complete in early January 2026, after which it will be renamed Greenland Energy Company and trade on NASDAQ. 80 Mile retains a 30% interest in the Jameson project, with its value estimated at US$92 million. Heavy equipment has been delivered to East Greenland for drilling operations anticipated in the second half of 2026, marking significant progress in 80 Mile’s energy sector expansion.

Business Operations and StrategyExecutive/Board Changes
80 Mile Plc Announces Board and Management Changes Amid Strategic Transition
Positive
Nov 17, 2025

80 Mile Plc has announced significant changes in its board and management as it transitions to a free carried position across key projects and prepares to restart its Ferrandina biofuels plant in Italy. Eric Sondergaard will step down as Managing Director, with Troy Whittaker taking on the role of Executive Director, and Olga Solovieva promoted to Chief Operating Officer. These changes are part of 80 Mile’s strategy to advance its projects, including the Disko-Nuussuaq project in Greenland and the Greenswitch Facility in Italy, enhancing its position in the energy sector and supporting its clean energy strategy in Europe.

Business Operations and StrategyM&A Transactions
80 Mile Plc Announces Major Project Updates and Strategic Acquisitions
Positive
Nov 13, 2025

80 Mile Plc has announced significant updates on its projects in Greenland, including potential investments of up to US$100 million for drilling expenditures on the Disko and Jameson licenses. These developments come amid a global push for sustainable resource development. The company is also acquiring 100% of the Ferrandina Biofuels Plant, marking a major milestone for stakeholders. The completion of the acquisition of March by Pelican Acquisition Corporation is delayed due to a US Government shutdown, but this is not expected to impact project timelines. Additionally, the company confirms that any future transactions with related parties Robert Price and USFM will adhere to AIM Rule 13.

Business Operations and StrategyPrivate Placements and Financing
80 Mile PLC Partners with USFM Corporation for Greenland Project
Positive
Nov 3, 2025

80 Mile PLC has entered into a Binding Head of Terms with USFM Corporation, allowing the US partner to fund $30 million to earn a 51% interest in the Disko-Nuussuaq project in Greenland. This joint venture aims to accelerate drilling and resource definition, with 80 Mile acting as the operator and receiving a management fee. The project is seen as a significant step in unlocking Greenland’s mineral potential, particularly for copper, nickel, cobalt, and PGE, with implications for global supply security.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 31, 2026