Bluejay Mining PLC Appointment of Sole Broker (2990Z)

TIDMJAY

RNS Number : 2990Z

Bluejay Mining PLC

12 May 2023

Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining

12 May 2023

Bluejay Mining plc ('Bluejay' or the 'Company')

Appointment of Sole Broker

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 it has appointed SP Angel Corporate Finance LLP to act as sole broker to the Company with immediate effect.

**ENDS*

For further information on the Company and the project please visit the website at: www.bluejaymining.com

Contacts:

 
 Kevin Sheil    Bluejay Mining plc                 [e-mail] 
                SP Angel Corporate Finance 
 Ewan Leggat     LLP 
  /              (Bluejay Mining Nominated 
  Adam Cowl      Adviser and Broker)               [phone] 
               ---------------------------------  -------------------------- 
 Tim Blythe 
  /             BlytheRay 
  Megan Ray      (Bluejay Mining Press 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 Greenland, is fully permitted and undergoing further optimisation work. 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 for 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 a fully funded summer drill programme is to commence on multiple large-scale drill ready targets; 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 on one of the world's most prolific geological belts which hosts multiple high-grade deposits. Bluejay has also signed a conditional agreement for a partial divestment in a fourth Finnish project.

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END

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May 12, 2023 08:29 ET (12:29 GMT)