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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Industrial Materials Industry | Basic Materials Sector | Mr. Eric Martin Sondergaard CEO | OTC PINK Exchange | GB00BFD3VF20 ISIN |
GB Country | 3 Employees | - Last Dividend | - Last Split | - IPO Date |
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.
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.
In addition to ilmenite, the company explores for a variety of base and precious metals. This includes:
Bluejay Mining is involved in several key projects across Greenland and Finland: