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Bluejay Mining PLC - Finland and Greenland focused mineral explorer - Pleased with Greenland's government decision to approve two major amendments to its mineral licensing standard terms and conditions. These include: postponement of the transferred outstanding annual exploration obligations for all mineral exploration licences by one year; and extension of the licence period for all mineral exploration licences by one year. Bluejay said the approval is a "significant positive amendment".
Chief Operating Officer Bo Moller Stensgaard said: "Bluejay is thankful for the thoughtful and pragmatic approach that the Mineral License & Safety Authority and the government of Greenland have taken towards the licensing conditions during this unprecedented pandemic. These measures apply to all of Bluejay's mineral exploration licences in Greenland, including special exploration licences, regardless of the licence age, and relates to expenditure obligations between January 1, 2020 and December 31, 2020.
"Therefore, all exploration expenditure on Bluejay's licences made during 2020, will be transferred as credit into 2021. This decision demonstrates the positive business mindedness and appreciation that the Greenlandic government and Ministry of Mineral Resources has for the value and opportunity that the mining sector will bring to all of Greenland."
Bluejay noted it paused its field operations in Greenland following the outbreak of Covid-19.
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By Paul McGowan; paulmcgowan@alliancenews.com
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