80 Mile Plc (BLLYF)
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BLLYF Chart
80 Mile jumps to 2yr high as report highlights potential of Greeland's Jameson basin
80 Mile PLC (AIM:80M, OTCQB:BLLYF) shares rose almost 10% after the company saw its run of positive news continue with an announcement from its US joint venture partners regarding an independent assessment and prospective resources report that set out the "world-class potential" of the Jameson land basin in Eastern Greenland. The independent assessment by oil field specialists Sproule estimated 13.03 billion barrels on a P10 basis of gross un-risked recoverable prospective oil resources across the upper levels of the Jameson basin.
80 Mile shares rise on Hydrogen Valley deals
80 Mile PLC shares climbed around 13% in Wednesday's early deals, as it signed a memorandum of understanding (MOU) in Italy, potentially leading to a supply deal covering some 40,000 tonnes of biofuel. The arrangement sees part-owned 80 Mile subsidiary Greenswitch provide Tecnoparco, a ‘multi-utility' in Italy, with the 40,000 tonnes biofuel each year.
Bluejay Mining strikes deal for helium and hydrogen assets
BlueJay Mining PLC (AIM:JAY, OTCQB:BLLYF) has announced a deal to diversify into helium and hydrogen, acquiring a 51% stake in White Flame Energy Ltd for £1.40 million paid in shares. The company will also be granted a three-year option to purchase the remaining 49% on the same terms.
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80 Mile Plc Profile
| Real Estate Management & Development Industry | Real Estate Sector | Mr. Eric Martin Sondergaard CEO | OTC PINK Exchange | GB00BFD3VF20 ISIN |
| GB Country | 3 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
Bluejay Mining plc operates in the metals exploration and development sector, focusing its efforts within the United Kingdom, Greenland, and Finland. The company has a diverse portfolio that includes the search for precious and base metals. Initially recognized as FinnAust Mining Plc, it underwent a name change in March 2017 to Bluejay Mining plc, symbolizing a new phase in its business development. The company's headquarters are strategically located in London, United Kingdom, positioning it favorably within the global mining industry.
Products and Services
- Ilmenite Exploration
Bluejay Mining plc holds interests in the Dundas ilmenite project in Greenland, which is one of the company's significant endeavors. Ilmenite is a primary source of titanium dioxide, used predominantly in the production of pigments in various industries such as paints, plastics, and paper.
- Base and Precious Metals Exploration
In addition to ilmenite, the company explores for a variety of base and precious metals. This includes:
- Copper, Cobalt, Zinc, Lead, and Nickel - Key components for various industrial applications, including electronics, batteries, and construction materials. The exploration takes place across the company's assets in Greenland and Finland.
- Platinum and Silver - Precious metals with applications in jewelry making, investment, and industrial fields, such as automotive catalysts for platinum.
- Project Locations
Bluejay Mining is involved in several key projects across Greenland and Finland:
- Greenland Projects: Dundas ilmenite, Disko-Nuussuaq, Kangerluarsuk, and Thunderstone, each offering unique mineralization and geological interest.
- Finland Projects: Hammaslahti, Enonkoski, and Outokumpu are significant due to their historical and potential base and precious metal yields.
Contact Information
