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80M 80 Mile Plc

0.285

0.00 (0.00%)

30 Jan 2025 - Closed

Delayed by 15 minutes

80 Mile Investors - 80M

Share Name	Share Symbol	Market	Stock Type
80 Mile Plc	80M	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.00	0.00%	0.285	00:00:00

Open Price	Low Price	High Price	Close Price	Previous Close
				0.285

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Industry Sector
SOFTWARE & COMPUTER SERVICES

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Posted at 14/1/2025 07:48 by adamstip ROD jumping on the Greenland bandwagon on CNBCTrump is fixated on Greenland - a vast Arctic island with massive resource potentialPublished Tue, Jan 14 20251:01 AM EST?Sam Meredith@in/samuelmeredith@smeredith19U.S. President-elect Donald Trump's years-long bid to take control of the world's largest island has kicked into overdrive in recent weeks.Ahead of his inauguration on Jan. 20, Trump said U.S. ownership of the autonomous Danish territory is an "absolute necessity" for purposes related to "national security and freedom throughout the world.""Overall, we can say that there is a huge potential for critical raw materials," Jakob Kløve Keiding, senior consultant at the Geological Survey of Denmark and Greenland, told CNBC via telephone.In this articleGTEC-0.08 (-4.26%)?An aircraft alledgedly carrying US businessman Donald Trump Jr. arrives in Nuuk, Greenland on January 7, 2025.Emil Stach \| Afp \| Getty ImagesU.S. President-elect Donald Trump's pursuit to acquire Greenland could well be motivated by critical minerals, with mining executives and researchers describing the island's massive resource potential as an "enormous opportunity."Trump's years-long bid to take control of the world's largest island has kicked into overdrive in recent weeks.Ahead of his inauguration on Jan. 20, Trump said U.S. ownership of the autonomous Danish territory is an "absolute necessity" for purposes related to "national security and freedom throughout the world."Trump has since doubled down on those comments, refusing to rule out the use of military or economic force to make Greenland a part of the U.S.Greenland's Prime Minister Mute Egede has told Trump that the Arctic island is "not for sale" and urged the international community to respect the territory's aspirations for independence. Alongside Danish Prime Minister Mette Frederiksen, Egede has also recently called for talks with Trump to resolve the situation.Asked about Trump's fixation on making Greenland a part of the U.S., the president-elect's incoming national security advisor, Rep. Michael Waltz, R-Fla., was unequivocal."This is about critical minerals. This is about natural resources," Waltz told Fox News in an interview on Jan. 9."This is about reintroducing America in the Western Hemisphere," Waltz said. "You can call it Monroe Doctrine 2.0, but this is all part of the 'America First' agenda."Greenland is going to become more and more topical; it is going to become more and more front and center because of the climate change discussion, the critical metals discussion and the geopolitical discussion.Roderick McIllreeExecutive director of 80 MileCritical minerals refer to a subset of materials considered essential to the energy transition. These minerals, which tend to have a high risk of supply chain disruption, include metals such as copper, lithium, nickel, cobalt and rare earth elements.Critical minerals and rare earth elements are vital components in emerging green technologies, such as wind turbines and electric vehicles, energy storage technologies and national security applications.China is the undisputed leader of the critical minerals supply chain, accounting for roughly 60% of the world's production of rare earth minerals and materials. U.S. officials have previously warned that this poses a strategic challenge amid the pivot to low-carbon energy sources.In this aerial view melting icebergs crowd the Ilulissat Icefjord on July 16, 2024 near Ilulissat, Greenland.Sean Gallup \| Getty Images News \| Getty ImagesJakob Kløve Keiding, senior consultant at the Geological Survey of Denmark and Greenland (GEUS), said a 2023 survey of Greenland's resource potential evaluated a total of 38 raw materials on the island, the vast majority of which have a relatively high or moderate potential.These materials include the rare earth metals graphite, niobium, platinum group metals, molybdenum, tantalum and titanium."Overall, we can say that there is a huge potential for critical raw materials [in Greenland]," Keiding told CNBC via telephone."Many of these are of great importance for the EU economy and, of course, it is not limited to just Europe. Many of these are also on the list of American [critical raw materials]," he added.'Greenland is not for sale'Aaja Chemnitz, a Greenland member of the Danish parliament from the Inuit Ataqatigiit party, described Trump's comments about Greenland as "disrespectful" and reaffirmed the prime minister's message by saying the territory is not for sale."I'm not concerned. I think that some people in Greenland are quite concerned, but I think it is important for us to say that Greenland is not for sale, never has been for sale [and] never will be for sale," Chemnitz told CNBC's Silvia Amaro on Monday.Chemnitz said Greenlandic lawmakers would need to have "clear and very specific goals on how to collaborate with the U.S."?watch nowVIDEO10:11American investors are 'welcome' in Greenland - but it's not for sale, politician saysCloser ties between Greenland and the U.S. moving forward, for instance, could help to facilitate investment in the island's mining industry, she added."If we look at extraction, for example, of rare earths. This is something that we have been willing to do for a very long time. We've been looking for American investors, [but] we haven't found them, so they are quite welcome," Chemnitz said.The U.S. military maintains a permanent presence in northwest Greenland at the Pituffik Space Base, formerly known as Thule Air Base.'A race for what's left'Roderick McIllree, executive director of U.K.-based mining company 80 Mile, said he's been working in Greenland for just over 20 years on projects ranging from resource discovery to feasibility."I think that what we're seeing in Greenland is really a race for what's left," McIllree told CNBC via video call."A lot of independent state surveys are pointing to Greenland and its natural shelf boundaries as potentially hosting 20% to 25% of the last remaining extractable resources on the planet. Now, if that's right, that's an enormous opportunity for Greenland."The Old Colonial Harbour of Nuuk, Greenland is pictured on August 30, 2024. Greenland, an icy land whose rugged landscapes are bewitching, wants to attract more tourists, a paradox for a territory that is particularly vulnerable to global warming and whose geographical isolation means that many people have to take planes to get there.James Brooks \| Afp \| Getty Images80 Mile currently has three projects it is actively developing in Greenland, including a large oil concession on the island's east coast, a titanium project near Pituffik in the northwest and its Disko-Nuussuaq project in the southwest.Underlining the resource potential in the territory, McIllree said the firm's Disko project could be one of the largest occurrences of nickel and copper on the planet."Greenland is going to become more and more topical; it is going to become more and more front and center because of the climate change discussion, the critical metals discussion and the geopolitical discussion. And its proximity to the U.S. really kind of makes it a natural jurisdiction for significant U.S. investment," McIllree said."If Greenland play their cards right, this will lead to their independence," he added.'Significant strategic interest'In March last year, European Commission President Ursula von der Leyen traveled to Nuuk, Greenland to inaugurate an EU office in the island's capital.The move, which came several months before Donald Trump Jnr.'s recent trip to the same city, was designed to firm up Europe's presence in the territory as well as the broader Arctic region.Von der Leyen announced two cooperation agreements totaling almost 94 million euros ($95.9 million) at the time, which she said would be used to invest in clean energy, critical raw materials and skills in Greenland.(L-R) President of the European Commission Ursula von der Leyen, Greenlandic Prime Minister Mute B Egede and Danish Prime Minister Mette Frederiksen sign an agreement on the opening of the European Commission's new office in Nuuk, Greenland, on March 15, 2024.Leiff Josefsen \| Afp \| Getty Images"I'm a geologist by background and I know that Greenland is very well endowed with natural resources," Paul Lusty, head of battery raw materials research at Fastmarkets, told CNBC via video call."There has been a lot of interest in rare earths in Greenland, for example, and clearly, they can be of significant strategic interest to the U.S.," Lusty said.In this articleGTEC-0.08 (-4.26%) Read Full Thread Reply
Posted at 07/1/2025 15:06 by prosandcons The last para on Page 3 in the report says- "...there remains a significant risk that SAF production levels are unable to meet current expectations. This risk does OFFER CONSIDERABLE UPSIDE FOR INVESTORS, who can benefit from inflated prices as long as demand outstrips supply (which is likely to last for 20+ years)." Good fortunate long-term shareholders! hxxps://kpmg.com/uk/en/home/insights/2022/11/sustainable-aviation-fuel.html Read Full Thread Reply
Posted at 12/9/2024 07:57 by adamstip Skip NavigationBill Gates-backed startup says a global gold rush for buried hydrogen is picking up momentumPublished Thu, Sep 12 20241:11 AM EDTUpdated An Hour Ago?Sam Meredith@in/samuelmeredith@smeredith19Koloma, a U.S.-based startup backed by billionaires Bill Gates and Jeff Bezos, says it wants to use expertise that has traditionally served the fossil fuel industry to power a global gold rush for buried hydrogen.Geologic hydrogen - sometimes known as white, gold or natural hydrogen - refers to hydrogen gas that is found in its natural form beneath Earth's surface.A dramatic upswing in the number of companies actively searching for geologic hydrogen deposits in recent years prompted analysts at Rystad Energy to describe the pursuit as a "white gold rush."?The team from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) took samples of natural hydrogen gas found in One Pute Jaya Village, Morowali Regency, Central Sulawesi Province, Indonesia, 23 October 2023.Nurphoto \| Nurphoto \| Getty ImagesKoloma, a U.S.-based clean fuel startup backed by Bill Gates and Jeff Bezos, says it wants to use expertise that has traditionally served the hydrocarbon industry to power a global gold rush for buried hydrogen.It comes as buzz continues to build over the clean energy potential of geologic hydrogen, a long-overlooked resource that advocates say could play a pivotal role in the shift away from fossil fuels.Geologic hydrogen - sometimes known as white, gold or natural hydrogen - refers to hydrogen gas that is found in its natural form beneath Earth's surface. It is thought to be produced by high-temperature reactions between water and iron-rich minerals.Pete Johnson, CEO and co-founder of Koloma, told CNBC that geologic hydrogen is fundamentally an exploration and production business."We can use expertise and service providers that have traditionally served the oil, gas, and mining industries and quickly put them to work in driving the discovery of carbon free-resources. Leveraging and modifying what already exists will allow us to mature the industry faster," he said.Based in Denver, Colorado, Koloma has raised more than $305 million since it was founded just a few years ago, the company told CNBC.The startup's backers include U.S. venture capital firm Khosla Ventures, Amazon's Climate Pledge Fund, United Airlines and Breakthrough Energy Ventures, a climate and technology fund founded by Bill Gates in 2015.In turn, Breakthrough Energy's investors include Bridgewater Associates' Ray Dalio, Virgin Group's Richard Branson and Alibaba's Jack Ma.A potential 'gamechanger'A dramatic upswing in the number of companies actively searching for geologic hydrogen deposits in recent years prompted analysts at Rystad Energy to describe the pursuit as a "white gold rush."The consulting firm said in a research note published in March that the hype stems from hopes the previously neglected resource could be a "gamechanger" in the energy transition.Exploratory efforts for the low-carbon energy source are currently underway in the U.S., Canada, Australia, France, Spain, Colombia, South Korea and others.As with any exploration business and any new technology, there are still many challenges for us to overcome to unlock geologic hydrogen's potential.Pete JohnsonCEO of KolomaKoloma's Johnson said that, as the industry has "picked up momentum and attention," there's also been a sharper focus on what he described as the "intrinsic benefits" of geologic hydrogen as a primary energy source - rather than a derivative one.A primary energy source, such as coal, oil, wind or solar, refers to a natural energy source that has not been altered or converted."Geologic hydrogen should have a very low carbon impact, but also a tiny land footprint and very low water impact," Johnson said.?Gauges that are part of the electrolysis plant of the geological hydrogen H2 storage facility.Alex Halada \| Afp \| Getty ImagesAsked about the outlook for the rapidly emerging industry, Johnson said that untapped geologic hydrogen resources in the U.S. could play a significant role in the country's decarbonization efforts."Russia and Ukraine were both large exporters [of] hydrogen-derived ammonia, the building block of most modern fertilizer products, and since their conflict began the world has become more aware of the importance of a domestic ammonia supply," Johnson said."Geologic hydrogen resources in the U.S. will allow us to scale up our domestic ammonia production and become a net exporter, even as we dramatically drop the carbon footprint of the products," he added.Challenges aheadHydrogen has long been billed as one of many potential energy sources that could play a significant role in the energy transition, but most of it is produced using fossil fuels such as coal and natural gas through a process that generates significant greenhouse gas emissions.It's within this context that momentum has been growing over the potential of geologic hydrogen.Geoffrey Ellis, a research geologist at the Energy Resources Program of the U.S. Geological Survey (USGS), told CNBC earlier this year that there could be a vast amount of naturally occurring hydrogen buried in underground reservoirs around the world.Ellis said that just a small percentage of geologic hydrogen recovery might well be enough to supply all the projected demand for 200 years.The construction site of a plant for the production of hydrogen in Germany. Picture Alliance \| Picture Alliance \| Getty ImagesNot everyone's convinced about it's clean energy potential.The Hydrogen Science Coalition, a group of academics, scientists and engineers seeking to bring an evidence-based view to the role of hydrogen in the energy transition, said in a blog post published on March 14 that geologic hydrogen discoveries currently supply the world with less daily energy than does a single wind turbine.What's more, the coalition says there are environmental concerns about the extraction process, and transportation and distribution challenges mean geologic hydrogen is not likely to be found where it is most needed.Koloma's Johnson said that, while that are still many roadblocks to overcome, the company is "very well capitalized, which allow us to take on these challenges the right way, thoughtfully and patiently.""Koloma is fortunate to have backing from diverse investors - some who are more focused on the technology and data advantages [that] Koloma is building, some who see the massive potential returns of large resource discovery, and others who are most enthusiastic about taking positions around cost advantaged low carbon derivate products that can use geologic hydrogen," Johnson said."As with any exploration business and any new technology, there are still many challenges for us to overcome to unlock geologic hydrogen's potential," he added. 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