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 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.