Bluejay Share News (JAY)

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Eqtec trading in line; Surface Transforms fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

IN BRIEF: Bluejay Mining jv identifies drill targets in West Greenland

Bluejay Mining PLC - Greenland and Finland-focused mineral exploration company - Provides update on the Disko-Nuussuaq Ni-Cu-Co-PGE-Au project in West Greenland run by its joint venture company Nikkeli Greenland A/S, in collaboration with KoBold Metals. Says analysis by KoBold's technical teams has identified seven initial priority targets within the project. These targets exhibit characteristics indicative of potential deposits on a scale comparable to renowned mining operations. To de-risk drilling, the targets will undergo a focused ground-loop electromagnetic survey to refine and prioritize each locality appropriately. Explains the lead-time necessary to secure specialized drilling equipment far exceeded what would have been possible in 2024. Accordingly, does not expect drilling at the project during the course of 2024. Elsewhere, all Nikkeli licenses remain in good standing without the need for additional expenditure.

Bluejay to explore "compelling" opportunities beyond battery metals

(Alliance News) - Bluejay Mining PLC on Friday announced the expansion of its corporate strategy.

Bluejay to broaden into helium and industrial gases

(Sharecast News) - Bluejay Mining announced a strategic decision to broaden its corporate scope, expanding into the exploration and development of helium, industrial gases, and hydrocarbons, on Friday.

TRADING UPDATES: Nexteq confident of meeting full-year expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: Roadside shares suspended; Adnams looks for funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Bluejay Mining cuts 80% of workforce in cost saving drive

(Alliance News) - Bluejay Mining PLC on Monday updated shareholders on cost reduction initiatives, underlining its "commitment to financial resilience and operational efficiency."

IN BRIEF: Bluejay Mining fires Exploration VP for gross misconduct

Bluejay Mining PLC - London-based base metals and gold explorer and developer with projects in Greenland and Finland - Terminates employment of Joshua Hughes, vice president of its Exploration division, due to gross misconduct. Following an investigation, Bluejay Mining found that Hughes had set up a competing business intended to operate in Greenland and, in breach of his employment contract, found that he had misused company confidential and proprietary information in securing exploration licences surrounding the Dundas Titanium project. He also sought to conceal certain of these actions from Bluejay.

IN BRIEF: Bluejay Mining completes raise with directors' help

Bluejay Mining PLC - London-based base metals and gold exploration and development company with projects in Greenland and Finland - Raises GBP1.2 million through a placing of 400 million shares at 0.4p. New members of Bluejay's board of directors contributed GBP150,000 to this fundraising effort, which the company on Tuesday said would go towards financing field activities, travel, legal and administrative costs, as well as providing general working capital. The company says the funds will allow it to "restore faith and focus on the company's assets and reinvigorate momentum on its portfolio of high quality projects".

UPDATE: Bluejay Mining completes GBP1.2 million placing

Bluejay Mining PLC - base metals and gold exploration and development in Greenland and Finland - Raises GBP1.2 million via placing of 300 million shares at 0.4p. Earlier, the firm said it intended to raise GBP1.1 million via placing of 280 million shares. Proceeds will fund field activities and travel, legal and administrative costs, project divestment activities, regulatory and licensing costs and for general corporate and working capital purposes. The placing was conducted via an accelerated bookbuild process.

Bluejay Mining looks to raise GBP1.1 million via placing

Bluejay Mining PLC - base metals and gold exploration and development in Greenland and Finland - Proposes to raise GBP1.1 million via placing of 280 million shares at 0.4 pence each. The placing is to take place in two separate tranches, with the initial around 150 million shares being issued and any further shares only issued following the passing of the resolutions at the general meeting. Proceeds will fund field activities and travel, legal and administrative costs, project divestment activities, regulatory and licensing costs and for general corporate and working capital purposes. The placing to be conducted via an accelerated bookbuild process.

DIRECTOR DEALINGS: Two Rio Tinto execs sell GBP7.8 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced in the past week and not separately reported by Alliance News:

Director dealings: Bluejay Mining's Roderick McIllree raises stake

(Sharecast News) - Bluejay Mining revealed on Friday that non-executive director Roderick McIllree had acquired 10.0m ordinary shares in the AIM-listed exploration and production company.

UPDATE: Bluejay Mining picks new chair amid board shuffle

Bluejay Mining PLC - Greenland and Finland-focused miner - Appoints Mike Hutchinson as non-executive chair, replacing Robert Edwards, who has been executive chair since October 2022. Bluejay also names Eric Sondergaard as managing director, having previously been chief operating officer. Adds Troy Whittaker, Roderick McIllree and Harry Ansell to the board as non-executive directors, while Edwards, Peter Waugh and Bo Stensgaard leave the board immediately, though with Stensgaard remaining as a company employee. Bluejay corrects its announcement on Wednesday, clarifying that Whittaker is a non-executive director only, not COO. "In due course, the new board will update shareholders regarding the implementation of a new strategy that will focus solely around developing the Disko magmatic massive sulphide project in Greenland," Hutchinson says.