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Bluejay Mining ( (GB:80M) ) just unveiled an announcement.
80 Mile Plc has completed the acquisition of 95.36% of White Flame Energy Limited, issuing over 838 million new ordinary shares as part of the transaction. The acquisition aligns with 80 Mile’s strategy to diversify its portfolio into the energy sector and expand its holdings with large-scale licenses for industrial gas, natural gas, and liquids in East Greenland. The company has also established a new Long-Term Incentive Plan to align the interests of its board, senior management, and shareholders, with awards based on performance criteria. This initiative aims to encourage long-term value creation and stakeholder alignment, reinforcing 80 Mile’s strategic focus on sustainable energy solutions and conventional resource exploration.
More about Bluejay Mining
80 Mile Plc is an exploration and development company listed on the London AIM market, Frankfurt Stock Exchange, and the U.S. Pink Market. It focuses on high-grade critical metals in Tier 1 jurisdictions, with projects in Greenland and Finland. The company’s strategy involves advancing key projects and creating value through partnerships and strategic acquisitions. Its primary focus includes the Disko-Nuussuaq nickel-copper-cobalt-PGE project in Greenland, developed in partnership with KoBold Metals, and the Dundas Ilmenite Project, poised for near-term production as a major supplier of high-quality ilmenite. Additionally, 80 Mile recently expanded into the energy sector with the acquisition of White Flame Energy.
YTD Price Performance: 14.81%
Average Trading Volume: 16,916,577
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £8.2M
See more insights into 80M stock on TipRanks’ Stock Analysis page.
