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Bluejay Mining
(LSE:80M)
Bluejay Mining (80M) vs. iShares MSCI United Kingdom ETF (EWC)
Bluejay Mining Business Overview & Revenue Model
Bluejay Mining Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -153.40K | -35.89K | -213.52K | -629.93K | -199.84K | -606.59K |
| EBITDA | 3.48M | -2.86M | -1.49M | -2.15M | -2.24M | -1.85M |
| Net Income | 483.16K | -9.56M | -1.81M | 1.66M | -2.71M | -2.26M |
Balance Sheet | ||||||
| Total Assets | 43.97M | 34.15M | 40.52M | 41.03M | 32.66M | 36.87M |
| Cash, Cash Equivalents and Short-Term Investments | 1.07M | 414.97K | 200.70K | 2.00M | 2.70M | 6.04M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 62.22K |
| Total Liabilities | 1.58M | 1.19M | 1.14M | 1.02M | 1.13M | 1.74M |
| Stockholders Equity | 42.48M | 32.97M | 39.38M | 40.01M | 31.53M | 35.13M |
Cash Flow | ||||||
| Free Cash Flow | 839.89K | -3.83M | -3.75M | -5.97M | -3.52M | -4.20M |
| Operating Cash Flow | 839.89K | -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 Flow | 1.55K | 4.23M | 1.88M | 5.20M | 23.50K | -82.34K |
Bluejay Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | £33.63M | -10.91 | -7.78% | ― | ― | -19.57% | |
48 Neutral | £89.15M | -0.43 | -210.78% | ― | -100.00% | -121.52% | |
47 Neutral | £26.55M | -1.47 | -61.43% | ― | ― | ― | |
44 Neutral | £23.55M | -1.94 | -8.18% | ― | ― | ― |
Bluejay Mining Corporate Events
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.
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.
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.
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.
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.
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.
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.
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.
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.
80 Mile Plc has corrected its total voting rights to 4,567,127,203 Ordinary Shares, following an error in a previous announcement. This update is crucial for shareholders to determine their interests under the Financial Conduct Authority’s rules. The company is advancing its Disko-Nuussuaq nickel-copper-cobalt-PGE project in Greenland and the Dundas Ilmenite Project, which is poised to become a major supplier of high-quality ilmenite. Additionally, 80 Mile has executed an asset purchase agreement to divest its interest in the Kangerluarsuk project, enhancing its focus on other strategic ventures.
80 Mile Plc, in collaboration with its joint venture partner March GL, announced a significant discovery of approximately 13 billion barrels of prospective oil resources in the Jameson Land Basin, Greenland. The independent assessment by Sproule ERCE highlights the basin’s world-class potential, with 80 Mile’s share estimated at 3.9 billion barrels. This positions Jameson as one of the most promising undrilled basins globally. Drilling operations, fully funded by March GL, are set to begin in the second half of 2026, marking a major milestone for 80 Mile’s energy sector involvement and potentially transforming Greenland’s role in the global energy market.
80 Mile Plc, in collaboration with its US joint venture partner March GL and Pelican, has announced a significant independent assessment by Sproule ERCE, identifying 13.03 billion barrels of gross un-risked recoverable prospective oil resources in the Jameson Land Basin, Greenland. This positions Jameson as one of the most promising undrilled basins globally, with 80 Mile’s share equating to approximately 3.9 billion barrels. The company plans to commence drilling operations in the second half of 2026, fully funded by March GL, which will earn up to a 70% interest. This development marks a major milestone for 80 Mile, enhancing its presence in the energy sector and potentially transforming Greenland into a significant oil resource hub.
80 Mile PLC has secured three strategic Memorandums of Understanding (MOUs) with major energy companies, including a Fortune 500 entity, Ludoil Energia, and JEnergy, enhancing its Ferrandina biofuels plant’s operations. These agreements ensure a steady supply of renewable feedstocks and secure 50% of the plant’s capacity, positioning the facility as a key player in Europe’s transition to low-carbon energy. The company has also acquired full ownership of Hydrogen Valley, further solidifying its strategic importance in the renewable fuels supply chain.
80 Mile PLC has issued 8,000,000 new ordinary shares following the exercise of warrants, raising £28,000. These shares will be admitted to trading on AIM, increasing the company’s total share capital to 4,337,127,203 shares. This move aligns with 80 Mile’s strategy to expand its asset base and enhance its market positioning in the mining and energy sectors, particularly in Greenland and Italy.