Bluejay Mining PLC Announces Critical Minerals – ERMA Support Podcast

Rhea-AI Summary

Bluejay Mining plc has released a podcast featuring CEO Bo Møller Stensgaard, discussing support for the Dundas Project from the European Raw Material Alliance (ERMA). The podcast highlights future opportunities and the significance of critical minerals amidst current geopolitical challenges. Bluejay is developing the Dundas Ilmenite Project in Greenland, noted as the highest-grade mineral sand ilmenite project globally, with a Mineral Resource of 117Mt at 6.1% ilmenite. The company aims to secure financing for commercial production and has established partnerships for project diversification.

Positive

• Bluejay has secured support for the Dundas Project from the European Raw Material Alliance, enhancing its credibility.
• The Dundas Ilmenite Project contains a Mineral Resource of 117Mt at 6.1% ilmenite, positioning it as the highest-grade project globally.
• A Master Distribution Agreement is in place for up to 340ktpa from anticipated 440ktpa output, ensuring significant sales potential.
• The company has formed joint ventures with respected entities like KoBold Metals, improving exploration and investment opportunities.

Negative

• None.

LONDON, UK / ACCESSWIRE / March 8, 2022 / Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, is pleased to announce the publication of a Podcast recording with Bluejay's Chief Executive Officer, Mr Bo Møller Stensgaard.

The Podcast discusses the support for the Dundas Project from the European Raw Material Alliance ("ERMA"), its future opportunities for Bluejay and the implications for critical minerals in these turbulent geo-political times.

The Podcast is available to listen on the following link: https://youtu.be/0fFb0-WAavc

and will later by made available on the Company's website at: https://bluejaymining.com/projects/greenland/dundas-iimenite-project/

For further information please visit http://www.bluejaymining.com or contact:

Kevin Sheil	Bluejay Mining plc	enquiry@bluejaymining.com
Ewan Leggat/ Adam Cowl	SP Angel Corporate Finance LLP(Nominated Adviser)	+44 (0) 20 3470 0470
Andrew Chubb	Hannam & Partners (Advisory) LLP	+44 (0) 20 7907 8500
Tim Blythe/ Megan Ray	BlytheRay	+44 (0) 20 7138 3205

Notes

Bluejay is listed on the London AIM market and Frankfurt Stock Exchange and its shares also trade on the OTCQB Market in the US. With multiple projects in Greenland and Finland, Bluejay has now secured three globally respected entities as partner, customer, and co-investor on three of its projects, giving the Company and its shareholders both portfolio and commodity diversification in high quality jurisdictions.

Bluejay has signed a definitive joint venture agreement with KoBold Metals to guide exploration for new deposits rich in the critical materials for electric vehicles (The Disko-Nuussauq Project). Principal investors in KoBold include Breakthrough Energy Ventures, a climate & technology fund, overseen by Bill Gates, and whose investors include Michael Bloomberg, Jeff Bezos, and Ray Dalio. Other investors in KoBold include Andreessen Horowitz, the premier Silicon Valley venture capital fund and Equinor, the Norwegian state-owned multinational energy company.

Bluejay's most advanced project is the Dundas Ilmenite Project in Greenland, which is fully permitted and being developed towards production in the near term, with preparatory activities scheduled to commence in 2022. The Dundas Ilmenite Project has been proven to be the highest-grade mineral sand ilmenite project globally, with a Mineral Resource reported in accordance with the JORC Code of 117Mt at 6.1% ilmenite and a maiden offshore Exploration Target of between 300Mt and 530Mt of ilmenite at an average expected grade range of 0.4 - 4.8% ilmenite in-situ. The Company has agreed a Master Distribution Agreement with a major Asian conglomerate for up-to 340ktpa of its anticipated 440ktpa annual output. The Company's strategy is focused on securing financing ahead of commencing commercial production at Dundas and has appointed a Global Investment Bank as the lead arranger. This strategy will create a company capable of self-funding exploration on its current and future projects.

Bluejay holds two additional projects in Greenland - the 692sq km Kangerluarsuk zinc-lead- silver project ('Kangerluarsuk'), where historical work has recovered grades of 41% zinc, 9.3% lead and 596 g/t silver and identified four large-scale drill ready targets; and the 2,025 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits. Bluejay also has a joint-venture agreement with a mining major at Enonkoski in Finland and has recently signed a binding agreement for a partial divestment in a fourth Finnish project.

**ENDS**

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SOURCE: Bluejay Mining PLC

View source version on accesswire.com:
https://www.accesswire.com/691984/Bluejay-Mining-PLC-Announces-Critical-Minerals-ERMA-Support-Podcast

FAQ

What is the significance of the ERMA support for Bluejay Mining's Dundas Project?

The support from the European Raw Material Alliance enhances the project's credibility and opens up future opportunities for development.

What are the key features of the Dundas Ilmenite Project?

The Dundas Ilmenite Project boasts a Mineral Resource of 117Mt at 6.1% ilmenite, marking it as the highest-grade mineral sand project globally.

How much output does Bluejay Mining expect from the Dundas Project?

Bluejay anticipates an annual output of 440ktpa, with a Master Distribution Agreement in place for up to 340ktpa.

What partnerships has Bluejay Mining established recently?

Bluejay has signed a joint venture with KoBold Metals, securing partnerships with reputable investors including Breakthrough Energy Ventures.