Last checked at 22 Dec 2023 07:00
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining
Bluejay Mining plc ('Bluejay' or the 'Company')
22 December 2023
Director Dealing
Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, announces that it was notified on 21 December 2023 that non-Executive Director Mr. Roderick McIllree, purchased 10 million ordinary shares of the Company ("Ordinary Shares").
Following this purchase, Roderick McIllree has a total beneficial ownership in the Company of 78,999,268 Ordinary Shares, which represents approximately 6.61% of the Company's issued share capital of 1,195,885,079 Ordinary Shares. Further details on the purchase are included in the notification below.
For further information please visit http://www.bluejaymining.com or contact:
Eric Sondergaard | Bluejay Mining plc | enquiry@bluejaymining.com |
Ewan Leggat / Adam Cowl | SP Angel Corporate Finance LLP (Nominated Adviser and Broker) | +44 (0) 20 3470 0470 |
Tim Blythe / Megan Ray | BlytheRay (Media Contact) | +44 (0) 20 7138 3205 |
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018.
Details of the person discharging managerial responsibilities/person closely associated
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Roderick McIllree | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Non Executive | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Bluejay Mining plc | ||||
b) | LEI: | 213800E9AEFEHFLOVJ19 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary shares of £0.01 each GB00BFD3VF20 | ||||
b) | Nature of the transaction: | Purchase of ordinary shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: Aggregated volume: Price: |
| ||||
e) | Date of the transaction: | 2023-12-21
| ||||
f) | Place of the transaction: | AIM | ||||
About Bluejay Mining plc
Bluejay is listed on the London AIM market and Frankfurt Stock Exchange and its shares also trade on the OTCQB Market in the US. With multiple projects in Greenland and Finland, Bluejay offers both portfolio and commodity diversification focused on base and precious metals in Tier 1 jurisdictions.
Bluejay, through its wholly owned subsidiary Disko Exploration Ltd., has signed a definitive Joint Venture Agreement with KoBold Metals to guide exploration for new deposits rich in the critical materials required for the green energy transition and electric vehicles (the Disko-Nuussuaq nickel-copper-cobalt-PGE Project).
Disko Exploration Ltd holds two additional projects in Greenland - the 692 sq km Kangerluarsuk zinc-lead- silver project, where historical work has recovered grades of up to 45.4% zinc, 9.3% lead and 596 g/t silver; and the 920 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits. Bluejay also owns 100% of the fully permitted Dundas Ilmenite Project under its subsidiary Dundas Titanium A/S in northwest Greenland for which it will seek strategic alternatives.
In Finland, Bluejay currently holds three large scale multi-metal projects through its wholly owned subsidiary FinnAust Mining Finland Oy. The Company has identified multiple drill ready targets at the Enonkoski nickel-copper-cobalt project in East Finland. Bluejay's Hammaslahti copper-zinc-gold-silver project hosts high-grade VMS mineralisation and extensions of historical ore lodes have been proven. The drill ready Outokumpu copper-nickel-cobalt-zinc-gold-silver project is located in a prolific geological belt that hosts several high-grade former mines. Bluejay also owns 29% of Metals One PLC (AIM: MET1) after the divestment of its Black Shales Project.
**ENDS**