(Alliance News) - Bluejay Mining PLC on Wednesday announced it has received a research and development rebate of GBP264,775 gross in cash from the UK government for scientific research carried out on the Dundas titanium project in Greenland over the last two field seasons.
The AIM-listed exploration and development resource company with projects in Greenland and Finland said the rebate was for eligible expenses incurred at the project during 2018 and 2019.
Geology Manager Eric Sondergaard said: "It is very pleasing to receive this R&D cash rebate, a significant sum that will contribute to future activities across our portfolio. Bluejay will continue to evaluate future strategic R&D credit opportunities, specifically as it advances its exploration planning for 2021 at its various projects."
Shares in Bluejay Mining were up 4.0% at 12.95 pence in London on Wednesday.
By Zoe Wickens; zoewickens@alliancenews.com
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Bluejay (JAY)