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Share Price: 0.307

Bid: 0.29

Ask: 0.31

Change: 0.007 (2.33%)

Spread: 0.02 (6.897%)

Open: 0.307

High: 0.307

Low: 0.307

Prev. Close: 0.30

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IN BRIEF: Bluejay Mining raises GBP600,000 for Hammaslahti project

Wed, 23rd Aug 2023 11:10

Bluejay Mining PLC - Greenland and Finland-focused miner - Raises GBP600,000 via a private placement of 60.0 million shares to new shareholders at 1.0 pence each. This represents a 15% discount to Tuesday's closing price of 1.17p. Says that it intends to use the funds for its 100%-owned Hammaslahti copper-zinc-silver-gold project in eastern Finland, where it is currently working on a mineral resource estimate.

Bluejay has already completed two phases of diamond drilling at Hammaslahti this summer and is awaiting final assay results on the second phase holes. It is also expecting results from an ongoing lithogeochemical and petrographic study, as well as some further regional geochemical analysis.

Bluejay is continuing discussions with strategic investors about partnering on one or more of its base metals projects, it says. "The immediate use of these funds will position us for a productive and pivotal second half of 2023, and what we believe could be a transformational 2024," says Executive Chair Robert Edwards.

Current stock price: 1.02 pence, down 13% on Wednesday, giving market capitalisation of GBP11.5 million

12-month change: down 84%

By Holly Beveridge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More 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.

7 Sep 2022 14:29

IN BRIEF: Bluejay Mining shares sink as exploration programme halted

Bluejay Mining PLC - mineral exploration and development company focused in Greenland and Finland - Completes its first exploration programme of 2022 at the Enonkoski nickel-copper-cobalt project in Finland as part of a joint venture with Rio Tinto PLC's Exploration Finland Oy. As a result of the programme, decides to stop further exploration at Muhelampi target in the near-term as interpretation of results suggest the mafic intrusion is too small to host any significant mineralisation. Reports technical difficulties during the drilling of multiple holes at the Laukunlampi target. Despite this, Laukunlampi dubbed an "interesting" target with possible follow-up drilling in the future.

7 Sep 2022 10:41

AIM WINNERS & LOSERS: GB Group shares soar on possible takeover offer

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

28 Jul 2022 16:14

EXECUTIVE CHANGES: Cohort co-founder out; Nuformix co-founder back

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

27 Jun 2022 11:51

IN BRIEF: Bluejay Mining brings back Mike Hutchinson as interim chair

Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Appoints Mike Hutchinson as interim chair following the resignation of Roderick McIllree on Thursday last week. Hutchinson was the chair of Bluejay before McIllree and will provide experience until the appointment of a new chair, the company says.

23 Jun 2022 11:05

IN BRIEF: Bluejay Mining Chair Roderick McIllree resigns

Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Says Executive Chair Roderick McIllree resigned from the board on Wednesday. The company accepts his resignation and as a consequence withdraws the resolution seeking his re-election at the annual general meeting held on Thursday. The company intends to start the search for a new chair and will make a further announcement in due course.

21 Jun 2022 22:13

TRADING UPDATES: Coca-Cola HBC and Pendragon shareholders show ire

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

21 Jun 2022 13:16

Bluejay plans survey over wholly-owned Kangerluarsuk project

(Sharecast News) - Bluejay Mining updated the market on its wholly-owned Kangerluarsuk zinc-lead-copper-silver project in central-west Greenland on Tuesday.

13 Jun 2022 21:23

IN BRIEF: Bluejay Mining reviews potential Disko demerger, listing

Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Commences review into demerger and potential stock market listing on a London-based stock exchange of its subsidiary Disko Exploration Ltd.

19 May 2022 18:55

TRADING UPDATES: Knights tips revenue hike; Gym Group eyes growth

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

26 Apr 2022 19:18

IN BRIEF: Bluejay Mining notes approval of further Enonkosko drilling

Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Announces approval of further exploration expenditure by JV partner Rio Tinto Exploration Finland Oy at the Enonkosko nickel-copper-cobalt project in Finland.

11 Apr 2022 12:44

IN BRIEF: Bluejay Mining to start diamond drilling at Disko in 2023

Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Says it revised the 2022 programme at the Disko-Nuussuaq project in Greenland to double the collection and analysis of data for the entire suite of potential targets. Says the additional work will enable it to determine the best drill targets at Disko. Expects to begin diamond drilling in 2023. Makes statement on behalf of Nikkeli Greenland AS, a joint venture between Bluejay and KoBold Metal.

24 Mar 2022 21:01

TRADING UPDATES: Getech wins mining contracts; Bluejay starts drilling

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

24 Mar 2022 14:34

IN BRIEF: Bluejay Mining shares rise on USD7 million raised in placing

Bluejay Mining PLC - mineral exploration and development in Greenland and Finland - Raises USD7 million before expenses in a placing of 76.9 million shares at a price of 7 pence per placing share. The funds will enable it to complete the necessary feasibility study required for its Dundas ilmenite project in Greenland. Adds that this will allow it to complete the feasibility study to the level needed for financial sign-off by a lending syndicate. This will enable the construction and production at Dundas. Following the issue of the shares, its total share capital will consist of 1.04 billion ordinary shares.

2 Mar 2022 20:28

TRADING UPDATES: MediaZest virus hit; SpaceandPeople Network Rail deal

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

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IN BRIEF: Bluejay Mining raises GBP600,000 for Hammaslahti project

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