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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bluejay Mining Plc | LSE:JAY | London | Ordinary Share | GB00BFD3VF20 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.03 | -10.17% | 0.265 | 0.25 | 0.28 | 0.295 | 0.265 | 0.295 | 12,381,488 | 13:15:23 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Metal Mining Services | 0 | 1.67M | 0.0014 | 1.86 | 3.11M |
By Jaime Llinares Taboada
Shares in Bluejay Mining PLC rose Tuesday after the company said it has entered into an earn-in agreement with Rio Tinto PLC for its Enonkoski nickel project in Finland.
Under the agreement, Rio Tinto may acquire up to a 75% interest in Enonkoski by funding $20.0 million of project expenditure, Bluejay said. The agreement is divided into three stages. In stage one, Rio Tinto can take a 51% stake by spending $5.0 million by November 2023.
Shares in Bluejay at 1143 GMT were up 1 pence, or 10%, at 11 pence.
"This belt has demonstrable nickel occurrences and past production, and it's a testament to the project that we have attracted a blue-chip miner at Enonkoski," Chief Executive Rod McIllree said.
Bluejay also said it would pay 100,000 pounds ($131,640) in cash and GBP100,000 in shares to Magnus Minerals Ltd. to settle historical royalties arrangements related to Enonkoski.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
November 10, 2020 07:10 ET (12:10 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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