(Alliance News) - Bluejay Mining PLC on Thursday reported a "busy" year ahead and said it is pleased with the support by local government in the regions where it operates.
Upon completion of its annual general meeting, the AIM-listed multi-commodity exploration & development company said the GBP4 million investment by the Greenlandic and Danish government funds, Greenland Venture and Vaekstfonden, is a "firm endorsement" of its Dundas ilmenite project, and its activities as a whole in Greenland.
"I'd like to officially thank them, along with our other participating institutions," said Chief Executive Roderick McIllree, "and we look forward to building value through the advancement our portfolio in Greenland."
Looking ahead, Bluejay Mining said it expects 2020 to be a busy year, as it looks to hit multiple development horizons and project milestones, including the receipt of a exploitation licence at Dundas and the commencement of drilling campaigns on the nickel-copper-platinum Disko-Nuussuaq project and the zinc-lead-silver Kangerluarsuk project.
"We have a broad commodity basket, defined development plans, international strategic partners and operate in a rapidly emerging stable resource development region," added McIllree.
Bluejay Mining shares were up 1.4% in London on Thursday at 7.92 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Bluejay (JAY)