Bluejay Mining not raising money in near future
Sufficient funding is in place to allow it to conduct its budgeted activities into Spring 2020
Company
LON:JAY
80 Mile PLC, formerly Bluejay Mining, is an explorer and developer of critical resources in Greenland and Finland. Among its projects are the Outokumpu natural hydrogen and helium project, the Jameson land basin industrial gas project, and the Disko Nuususaq project, providing exposure to natural hydrogen, helium, copper, nickel and PGM’s.
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Sufficient funding is in place to allow it to conduct its budgeted activities into Spring 2020
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The UK blue-chip index finished down nearly 33 points lower at 7,291
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The AIM-listed group said it is optimistic that an agreement will be concluded with Rio Tinto Iron and Titanium Canada in due course, however, nothing has been finalised at this stage
The UK's blue chip index closed down nearly 44 points at 7,107. Meanwhile, mid-cap cousin FTSE 250 fell more than 116 at 19,513
The upgraded resource, which now stands at 101mln tonnes at 7.1% ilmenite, comes as the group prepares to publish a pre-feasibility study in the first quarter of 2019
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De Beers sales in the cycle ended December 17 represented a 22% increase on the US$442mln sold in the ninth cycle of this year
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A glance at some of the day's highlights from the Proactive Investors newswire
The AIM-listed firm said the updated JORC compliant mineral resource for the project was now 101mln tonnes at 7.1% ilmenite in-situ
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At the close, the FTSE 100 was down 71.93 points, or 1.1% at 6,773.24, just above the session low of 6,761.37 and well below the early high of 6,845.17.
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A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
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The AIM-listed firm said the three-year fieldwork studies for the environmental impact assessment were now complete
The UK blue-chip benchmark closed down nearly 90 points at 6,960, while the FTSE 250 shed nearly 55 points