10 July 2024
Bluejay Mining plc / Ticker:
JAY / Market: AIM / Sector: Mining
(To be renamed 80 Mile
Plc)
Results of General Meeting,
Acquisition of White Flame Energy Limited and Change of
Name
Bluejay Mining plc ('Bluejay' or the 'Company'), the AIM, FSE listed and
Pink-Market traded exploration and development company with
projects in Greenland and Finland, is pleased to announce that at
the Company's General Meeting held earlier today, all resolutions
were duly passed.
Acquisition of White Flame Energy Limited
Having received shareholder approval
at the General Meeting held earlier today, and pursuant to the
offer to acquire White Flame Energy Limited ("WFE") as announced on 20 June 2024, WFE
shareholders have until 12pm on Friday 12 July 2024 to accept the
offer, after which time a further announcement will be
made.
Change of Name
Having received shareholder approval
at the General Meeting held earlier today, the Company's name will
be changed to 80 Mile Plc. The relevant paperwork will be filed
with Companies House shortly, and a further announcement will be
made when the name change is formally effective. Upon the change of
name becoming effective, the Company's TIDM will change from "JAY"
to "80M".
The ISIN and SEDOL numbers for the
Company's ordinary shares will remain unchanged as GB00BFD3VF20 and
BFD3VF2 respectively.
Shareholders are unaffected by the
changes and existing share certificates will remain valid, and
should be retained.
For further information please
visit http://www.bluejaymining.com or
contact:
|
Eric Sondergaard
|
Bluejay Mining plc
|
enquiry@bluejaymining.com
|
|
Ewan Leggat / Adam Cowl
|
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
|
+44 (0) 20 3470 0470
|
|
Tim Blythe / Megan Ray / Said
Izagaren
|
BlytheRay
(Media Contact)
|
+44 (0) 20 7138 3205
|
About Bluejay Mining plc
Bluejay is listed on the London AIM
market and Frankfurt Stock Exchange and its shares also trade on
the Pink Market in the US. With multiple projects in Greenland and
Finland, Bluejay offers both portfolio and commodity
diversification focused on base and precious metals in Tier 1
jurisdictions.
Bluejay, through its wholly owned
subsidiary Disko Exploration Ltd., has signed a definitive Joint
Venture Agreement with KoBold Metals to guide exploration for new
deposits rich in the critical materials required for the green
energy transition and electric vehicles (the Disko-Nuussuaq
nickel-copper-cobalt-PGE Project). This project is Bluejay's
primary focus.
Disko Exploration Ltd holds two
additional projects in Greenland - the 692 sq km Kangerluarsuk
zinc-lead- silver project, where historical work has recovered
grades of up to 45.4% zinc, 9.3% lead and 596 g/t silver; and the
920 sq km Thunderstone project which has the potential to host
large-scale base metal and gold deposits. Bluejay also owns 100% of
the fully permitted Dundas Ilmenite Project under its subsidiary
Dundas Titanium A/S in northwest Greenland.
In Finland, Bluejay currently holds
three large scale multi-metal projects through its wholly owned
subsidiary FinnAust Mining Finland Oy. The Company has identified
multiple drill ready targets at the Enonkoski nickel-copper-cobalt
project in East Finland. Bluejay's Hammaslahti
copper-zinc-gold-silver project hosts high-grade VMS mineralisation
and extensions of historical ore lodes have been proven. The drill
ready Outokumpu copper-nickel-cobalt-zinc-gold-silver project is
located in a prolific geological belt that hosts several high-grade
former mines. In August 2023, Bluejay successfully divested its
Black Schist Projects in Finland to Metals One plc in a transaction
worth £4.125 million (Bluejay currently owns c. 29% of the issued
ordinary share capital of AIM listed Metals One plc).