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Bluejay Mining to get mining underway at Dundas project in 2019 as annual losses widen

By BFN News | 10:00 AM | Thursday 31 May, 2018

Bluejay Mining reported Thursday a pre-tax loss of £2.0m for the year to the end of December, compared to a loss of £0.01m the previous year. The group's cash position at 31 December 2017 was £2.9m, up from £0.43m the previous year. In February 2018 the group raised £17m by issuing 77,272,728 new ordinary shares of 0.01p at a price of 22p per share. The funds raised were used to support the rapid advancement of the Dundas project and fast track into production and commercialisation. In the coming year, the company said it would strive to begin mining at Dundas in 2019 whilst unlocking the value potential of the Disko nickel, copper, cobalt and platinum project in West Greenland. At 10:00am: (LON:JAY) Bluejay Mining Plc share price was -0.55p at 22.95p Story provided by

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