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Bluejay Mining plc (BLLYF) is a multi-exchange listed company advancing mineral exploration projects in Greenland and Finland. This news hub provides investors with timely updates on operational developments, strategic partnerships, and resource estimates across the Company's portfolio.
Access comprehensive coverage of Hammaslahti Cu-Zn-Ag-Au project developments including drilling results and Mineral Resource Estimates, plus updates on Arctic exploration activities. Track financial decisions like the recent £1.3 million fundraise and ongoing investor discussions aimed at project advancement.
All content is verified through primary sources including regulatory filings and official company communications. Bookmark this page for consolidated access to operational updates, technical reports, and strategic announcements from Bluejay Mining's leadership team.
Bluejay Mining plc has released its Final Results for the year ended 31 December 2021. Highlights include the final permits secured for production at the Dundas Ilmenite Project in Greenland, joint ventures with KoBold Metals and Rio Tinto, and a funded exploration campaign of up to $20 million. The company received letters of interest from four export credit agencies for Dundas and raised $7 million to support project feasibility. The AGM is scheduled for 23 June 2022.
Bluejay Mining plc announced the commencement of its first exploration program of 2022 at the Enonkoski nickel-copper-cobalt project in Finland, with approval for an increased exploration budget by JV partner Rio Tinto. Planned field activities include follow-up diamond drilling, top of bedrock drilling, geological mapping, and sampling. The program aims to begin in Q2 2022, targeting high-potential areas based on previous drilling results. Bluejay aims for up to 1,500 meters of diamond drilling and will utilize low-impact methods to enhance environmental sustainability while exploring valuable mineral resources.
Bluejay Mining PLC has raised $7 million (£5.38 million) through the placement of 76,857,134 new ordinary shares at 7 pence each. This funding aims to complete the feasibility study for the Dundas Ilmenite Project in Greenland, moving towards production. The placement saw support from existing institutional investors, including Greenlandic and Danish government-backed institutions. The proceeds will also aid in corporate purposes and securing key staff. The project holds a significant Mineral Resource of 117Mt at 6.1% ilmenite, enhancing its economic viability.
Bluejay Mining has announced its 2022 work programme at the Disko-Nuussuaq Project, collaborating with KoBold Metals. The campaign marks the first major exploration effort for the joint venture, focusing on nickel, copper, cobalt, and platinum group metals. Key plans include:
- 9,500 km of geophysical surveys
- 3,000 m of diamond drilling
- 200 km of soil sampling
Expected to commence in June, the programme aims to validate existing geological models and enhance mineral data using advanced technologies.
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.
Bluejay Mining has received official support from the European Raw Material Alliance (ERMA) for its Dundas Ilmenite Project in Greenland. This project aims to secure a supply of ilmenite for the European Union, enhancing the region's mining and supply chain capabilities for titanium ore. ERMA's endorsement signifies the project's alignment with EU strategic goals, with all necessary political permits already in place. The Dundas project is positioned to fulfill high environmental standards and is backed by strong local community support, offering collaboration opportunities in education and sustainable mining practices.
Bluejay Mining plc announced a podcast featuring CEO Bo Møller Stensgaard discussing the Disko-Nuussuaq Project. The podcast highlights the project's potential, history, and modern interpretation techniques. Additionally, Bluejay has established Nikkeli Greenland A/S for a joint venture with KoBold Metals, with plans for 2022 field activities nearing completion. The company aims to update the market later this year. Bluejay's Dundas Ilmenite Project has also made progress towards production, with a significant Master Distribution Agreement in place.
Bluejay has signed a joint venture with KoBold Metals for its Disko-Nuussuaq nickel, copper, cobalt project in Greenland. KoBold aims to secure 51% interest through $15 million in evaluation and drilling commitments by December 2024. Bluejay retains a 49% stake by funding its share. This partnership draws on KoBold's advanced technology and significant investor backing, including notable figures like Bill Gates and Jeff Bezos. The Disko project holds potential for significant battery metal deposits, enhancing Bluejay's strategic position in the minerals sector.
