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Share Price: 0.30

Bid: 0.29

Ask: 0.31

Change: 0.02 (7.14%)

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Open: 0.295

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Bluejay Mining Unit Offered USD208 Million Funding For Dundas Project

Mon, 15th Feb 2021 09:24

(Alliance News) - Bluejay Mining PLC on Monday said the Export-Import Bank of the US expressed its intention to provide USD208 million in debt funding for the capital requirements of the Dundas ilmenite project, located in north-west Greenland.

The exploration & development resource company with projects in Greenland and Finland said the debt will be provided to its subsidiary Dundas Titanium AS, with a maximum repayment term of eight-and-a-half years.

In addition, Bluejay said it is also advancing discussions with European Export Credit Agencies as well as other traditional commercial lenders to ensure the highest quality and most favourable commercial terms available for the development of Dundas.

Bluejay shares were trading 11% higher in London on Monday morning at 10.18 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

More News

27 Mar 2023 11:37

Bluejay Mining notes "encouraging" results from project in Finland

(Alliance News) - Bluejay Mining PLC on Monday said two holes were drilled in January at its Enonkoski joint-venture project with Rio Tinto PLC, with one of the holes returning "significant" intervals of sulphide droplets.

22 Feb 2023 13:55

IN BRIEF: Bluejay receives USD2 million for drilling in Greenland

Bluejay Mining PLC - mineral exploration and development company with projects in Greenland and Finland - Receives first tranche of USD2 million from US institutional investor Towards Net Zero LLC. Says the proceeds will be used to fund its maiden drilling campaign at Kangerluarsuk. Kangerluarsuk is Bluejay's wholly owned lead-zinc-silver project in central west Greenland.

14 Feb 2023 11:08

Bluejay Mining aims to raise USD6 million for drilling in Greenland

(Alliance News) - Bluejay Mining PLC Chair Robert Edwards on Tuesday announced a project update following a strategic review of the multi-commodity mining exploration company's portfolio.

14 Feb 2023 10:09

AIM WINNERS & LOSERS: Altitude expects results ahead of expectations

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

16 Jan 2023 12:28

IN BRIEF: Bluejay Mining starts 2023 exploration programme in Finland

Bluejay Mining PLC - Mineral exploration and development company in Greenland and Finland - Says first drill programme of 2023 at Enonkoski nickel-copper-cobalt project in eastern Finland starts. The drilling is part of a joint venture and an earn-in agreement with Rio Tinto PLC. "The first exploration programme of 2023 at Enonkoski will consist of 1,000 metres to 1,500 metres of follow-up diamond drilling at the Laukunlampi target located approximately two kilometres south-east of the historic Laukunkangas nickel-copper-cobalt mine," Bluejay says.

29 Nov 2022 16:57

Bluejay shares rise on latest work with Rio Tinto

(Sharecast News) - Greenland and Finland-focussed explorer and developer Bluejay Mining updated the market on the Enonkoski nickel-copper-cobalt project in eastern Finland on Tuesday - part of the joint venture and earn-in agreement with Rio Tinto, announced on 10 November 2020.

29 Nov 2022 12:20

LONDON MARKET MIDDAY: China's accelerated vaccine roll-out gives hope

(Alliance News) - The FTSE 100 was higher at midday on Tuesday, as investors hoped that China's push to vaccinate people aged 60 and older could bring an end to the nation's economically damaging zero-Covid policy.

29 Nov 2022 09:51

Bluejay Mining processing of Rio Tinto JV project almost complete

(Alliance News) - Bluejay Mining PLC on Tuesday said the processing of data from the Enonkoski nickel-copper-cobalt Project in Finland is nearly complete, and that results are "encouraging".

4 Nov 2022 10:16

IN BRIEF: Bluejay Mining COO Eric Sondergaard resigns

Bluejay Mining PLC - mineral exploration & development company focused in Greenland and Finland - Says Chief Operating Officer Eric Sondergaard is resigning with immediate effect after being appointed in January last year. Sondergaard has worked for Bluejay Mining since January 2017. Says Sondergaard also reigns from three affiliated companies, which are Disko Exploration Ltd, Nikkeli Project Company Ltd and Nikkeli Greenland AS with immediate effect.

27 Oct 2022 21:41

CORRECT: Nanoco files suit; Harland & Wolff activates facility

(Correcting name of Bluejay Mining director who resigned.)

26 Oct 2022 21:14

TRADING UPDATES: Nanoco files suit; Harland & Wolff activates facility

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

25 Oct 2022 10:18

Bluejay Mining names Robert Edwards as new chair with immediate effect

(Alliance News) - Bluejay Mining PLC on Tuesday said it hired Robert Edwards as executive chair with immediate effect.

10 Oct 2022 21:57

TRADING UPDATES: Umuthi Healthcare loss widens; Ramsdens profit surges

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

22 Sep 2022 14:55

EARNINGS SUMMARY: Fonix Mobile hikes dividend; UIL laments tensions

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

14 Sep 2022 17:59

IN BRIEF: Bluejay Mining completes geophysical survey at Kangerluarsuk

Bluejay Mining PLC - mineral exploration and development company focused in Greenland and Finland - Completes aerial geophysical survey covering 600-line kilometres of gravity gradiometry, magnetic and terrain data, at the Kangerluarsuk zinc-lead-silver project in Greenland.

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Bluejay Mining Unit Offered USD208 Million Funding For Dundas Project

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