Stock to Watch10 Aug 2021 08:53
Investors piled into Bluejay Mining after it teamed up with a billionaire-backed group to explore for metals used in electric cars.
As reported in the Mail yesterday, Kobold Metals – which receives funding from investors including tech tycoons Bill Gates and Jeff Bezos, and hedge fund billionaire Ray Dalio – will pay more than £11million to hunt for critical resources including cobalt, copper and nickel on Greenland’s west coast.
Kobold will have the option to take a 51 per cent stake in the Disko-Nuussuaq project.
Bluejay soared 17.8 per cent, or 1.67p, to 11p.