Bluejay Mining PLC Placing and Operational Video Interview Update

TIDMJAY

Bluejay Mining PLC

30 June 2023

30 June 2023

Placing and Operational Video Interview Update

Bluejay Mining plc ('Bluejay' or the 'Company'), the AIM, FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, is pleased to provide a video interview update with the Company's Executive Chairman, Robert Edwards, following the Placing and Operational Update announcement ( 28 June 2023 ).

The interview discusses the announcement, outlining the Company's GBP1.3 million fundraise which will be focussed on the Hammaslathi Copper-Zinc-Silver-Gold Project in Finland.

The Video Interview is available on the following link: https://www.youtube.com/watch?v=_3RKOY9rsLU

For further information please visit http://www.bluejaymining.com or contact:

 
 Kevin Sheil             Bluejay Mining plc            [e-mail] 
                        ----------------------------  -------------------------- 
                         SP Angel Corporate Finance 
                          LLP 
 Ewan Leggat / Adam       (Nominated Adviser and 
  Cowl                    Broker)                      [phone] 
                        ----------------------------  -------------------------- 
 Tim Blythe / Megan      BlytheRay 
  Ray / Said Izagaren     (Media Contact)              [phone] 
                        ----------------------------  -------------------------- 
 

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 has now secured four globally respected entities as partners on three of its projects, and exploration expenditure of up to $37 million contractually committed on three key projects, giving the Company and its shareholders both portfolio and commodity diversification in high quality jurisdictions.

Bluejay's Dundas Ilmenite Project in northwest Greenland is fully permitted and undergoing further optimisation studies. The Company has agreed a Master Distribution Agreement with a major Asian conglomerate for up-to 340k tonnes per annum ('tpa') of its designed 440ktpa annual output. The Company has also mandated a major European bank to head the financing syndicate for Dundas.

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 where multiple large-scale drill targets have been identified; and the 920 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits.

In Finland, Bluejay currently holds three large scale multi-metal projects through its wholly owned subsidiary FinnAust Mining Finland Oy. The Company has a Joint Venture Agreement with a mining major at its Enonkoski nickel-copper-cobalt Project in East Finland which has seen continued exploration and drilling since June 2021. Bluejay's drill ready 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 has also signed a conditional agreement for a partial divestment in a fourth Finnish project.

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June 30, 2023 02:00 ET (06:00 GMT)