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Bluejay Mining ( (GB:80M) ) has shared an announcement.
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.
More about Bluejay Mining
80 Mile PLC is an exploration and development company listed on AIM, FSE, and OTC.BLLYF, with projects in Greenland, Finland, and Italy. The company focuses on exploring and developing mineral resources, particularly in Greenland, where it holds significant commodity projects.
Average Trading Volume: 66,635,258
Technical Sentiment Signal: Hold
Current Market Cap: £32.97M
See more insights into 80M stock on TipRanks’ Stock Analysis page.