Last checked at 21 May 2021 07:00
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining
21 May 2021
Bluejay Mining plc ('Bluejay' or the 'Company')
Positive meeting with new Mining Minister
Bluejay Mining plc, the AIM, FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, is pleased to announce that, on Wednesday 19 May 2021, a meeting took place between the CEO of Bluejay Mining, Mr. Bo Stensgaard, Managing Director of Dundas Titanium, Mr. Hans Jensen, Deputy Minister for the Ministry of Mineral Resources Jørgen Hammenken-Holm and Ms. Naaja Nathanielsen the newly appointed Minister for Housing, Infrastructure, Mineral Resources and Gender Equality in Greenland.
During the meeting, Ms, Nathanielsen, who was appointed following the recent General Election in Greenland, reaffirmed the Government's support for the Mining Industry in Greenland and confirmed that Greenland continues to support the Mineral Strategy 2020-2024, which provides the framework for the further development of mineral resources in country. The Ministry of Mineral Resources and the Mineral Licence and Safety Authority ("MLSA") will therefore continue implementing the initiatives from the strategy.
Ms. Nathanielsen complemented Bluejay on its progress and stated that:
"I expect Bluejay continues to adopt best practice with respect to the high standards that we demand from those companies who have successfully received their exploitation licences, accompanied by the rigorous Environmental and Social standards that are set in Greenland. We look forward to their continued support and our mutual aim in building a successful extraction industry in our country".
Bo Stensgaard, CEO of Bluejay, said:
"It was great to have had such a productive meeting with Ms. Nathanielsen and to have confirmation of the Government's continued support for a sustainable mining industry in Greenland. At Bluejay we are working hard to progress our portfolio of assets and drive value for all our stakeholders and look forward to continuing our positive working relationships in country".
For further information please visit http://www.bluejaymining.com or contact:
Roderick McIllree | Bluejay Mining plc | +44 (0) 20 7907 9326 |
Kevin Sheil | Bluejay Mining plc | +44 (0) 20 7907 9326 |
Ewan Leggat | SP Angel Corporate Finance LLP (Nominated Adviser) | +44 (0) 20 3470 0470 |
Adam Cowl | SP Angel Corporate Finance LLP (Nominated Adviser) | +44 (0) 20 3470 0470 |
Andrew Chubb | Hannam & Partners (Advisory) LLP | +44 (0) 20 7907 8500 |
Tim Blythe | Blytheweigh | +44 (0) 20 7138 3205 |
Megan Ray | Blytheweigh | +44 (0) 20 7138 3205 |
Notes
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 projects in Greenland and Finland, its most advanced project is the Dundas Ilmenite Project in Greenland, which is being developed towards production in the near term.
The Company's strategy is focused on securing financing ahead of commencing commercial production at Dundas in order to create a company capable of self-funding exploration on its current projects and future acquisitions.
Bluejay holds three additional projects in Greenland - the 2,897sq km Disko-Nuussuaq Magmatic Massive Sulphide nickel-copper-cobalt-platinum group element-gold project, which has shown its potential to host mineralisation similar to the world's largest nickel-copper mining district at Noril'sk-Talnakh, northern Russia; the 692sq km Kangerluarsuk zinc-lead- silver project, and the 2,555 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits. In Finland, Bluejay has agreed a joint-venture agreement with Rio Tinto Mining and Exploration Ltd at its Enonkoski Project.
**ENDS**