Results of GM, Acquisition and Change of Name

Bluejay Mining PLC

10 July 2024

 

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	[e-mail]
Ewan Leggat / Adam Cowl	SP Angel Corporate Finance LLP (Nominated Adviser and Broker)	[phone]
Tim Blythe / Megan Ray / Said Izagaren	BlytheRay (Media Contact)	[phone]

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).

 

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