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Bluejay to explore "compelling" opportunities beyond battery metals

Fri, 19th Apr 2024 11:54

(Alliance News) - Bluejay Mining PLC on Friday announced the expansion of its corporate strategy.

The Greenland and Finland-focused mineral exploration company currently has a particular focus on battery metal projects.

It now intends on expanding its scope to incorporate the exploration and development of helium, industrial gases, and hydrocarbons.

Such resources have been identified by the company as critical across numerous sectors including healthcare, energy, and aerospace.

Managing Director Eric Sondergaard said: " [The decision] has come about through the identification of a number of very compelling, large-scale opportunities which the company believes warrant further consideration. These potential opportunities align perfectly with our ultimate goal of creating significant shareholder value."

The company is actively exploring opportunities, although it said that no decision has been made to date regarding any potential acquisitions.

Bluejay shares were down 3.1% to 0.30 pence each in London on Friday morning.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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