RNS21 Apr 2017 08:30
Bluejay Mining plc, the AIM and FSE listed company with projects in Greenland and Finland, is pleased to announce that it has established Dundas Titanium A/S ('Dundas'), a Greenlandic domiciled subsidiary, which will be the operating company for the Pituffik Titanium Project in Greenland ('Pituffik' or 'the Project'). The Company is focused on commencing production at Pituffik, which is the highest-grade mineral sand ilmenite project globally, in 2018. With this in mind, the creation of the Greenlandic subsidiary has been undertaken to facilitate the permitting process, which will culminate in the lodging of the exploitation application later in 2017. The Company has recently applied for the Pituffik licence to be transferred to this operating subsidiary and expects the process to be completed in the coming months. Hans Jenson, who was recently appointed as Chief Operating Officer to Bluejay, will be the Managing Director for this subsidiary.