31 January 2025
80 Mile PLC /
Ticker: 80M / Market: AIM / Sector: Mining
Total
Voting Rights
80 Mile plc ('80 Mile' or the 'Company'), the AIM, FSE listed and
Pink-Market traded exploration and development company with
projects in Greenland and Finland, announces, for the purpose of
the FCA's Disclosure and Transparency Rules, that the
total issued share capital of the Company consists of 3,924,323,275
ordinary shares of 0.01p each ("Ordinary Shares") with voting
rights.
The Company does not hold any
Ordinary Shares in treasury. Therefore, the total number of voting
rights in the Company is 3,924,323,275 and this figure may be used
by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure
and Transparency Rules.
For further information please
visit http://www.80mile.com or
contact:
Eric Sondergaard
|
80 Mile plc
|
enquiry@80mile.com
|
Ewan Leggat / Adam Cowl
|
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
|
+44 (0) 20 3470 0470
|
Megan Ray / Said Izagaren
|
BlytheRay
(Media Contact)
|
+44 (0) 20 7138 3205
|
About 80 Mile Plc:
80 Mile Plc, listed on the
London AIM market, Frankfurt Stock Exchange, and
the U.S. Pink Market, is an exploration and development
company focused on high-grade critical metals in Tier 1
jurisdictions. With a diversified portfolio
in Greenland and Finland, 80 Mile's strategy is
centred on advancing key projects while creating value through
partnerships and strategic acquisitions.
The Disko-Nuussuaq
nickel-copper-cobalt-PGE project in Greenland is a
primary focus for 80 Mile, developed in partnership with KoBold
Metals. 80 Mile, through its wholly owned subsidiary Disko
Exploration Ltd., has a definitive Joint Venture Agreement with
KoBold Metals to guide and fund exploration efforts. The JV has
completed intensive analysis and interpretation of the extensive
geochemical, geophysical, and geological data collected during the
previous exploration campaigns. Leveraging KoBold's proprietary
artificial intelligence and machine learning platforms, this
comprehensive analysis has resulted in the identification of seven
initial priority targets within the project area. These seven
priority targets exhibit spatial characteristics indicative of
potential deposits on a scale comparable to renowned mining
operations such as Norilsk, Voisey's Bay, and Jinchuan. The JV is
now planning a focused ground-loop electromagnetic survey to refine
and prioritize each locality appropriately.
In Finland, 80 Mile currently
holds three large scale multi-metal projects through its wholly
owned subsidiary FinnAust Mining Finland Oy. 80
Mile's Finland portfolio includes the Outokumpu project,
where occurences of industrial gases like helium and hydrogen adds
significant economic potential to the already prospective
copper-nickel-cobalt-zinc-gold-silver targets. 80 Mile is
conducting further exploration to fully assess these
resources.
80 Mile's recent acquisition of
White Flame Energy expands its portfolio into the energy sector,
adding large-scale licenses for industrial gas, natural gas, and
liquids in East Greenland. Approved by shareholders
in July 2024, this acquisition diversifies the Company's
assets and aligns with its strategy to contribute to sustainable
energy solutions, while also exploring conventional energy
resources.
The Dundas Ilmenite Project, 80
Mile's most advanced asset in northwest Greenland, is fully
permitted and progressing towards near-term production. With a
JORC-compliant Mineral Resource of 117 Mt at 6.1%
ilmenite and an offshore Exploration Target of up to 530 Mt,
Dundas is poised to become a major supplier of high-quality
ilmenite. Recent discoveries of hard rock titanium mineralization,
with bedrock samples showing nearly double the ilmenite content of
previous estimates, further enhance the project's world-class
potential. 80 Mile owns 100% of the Dundas Ilmenite
Project under its subsidiary Dundas Titanium A/S
in Greenland.
The Thule Copper Project is a
significant component of 80 Mile's portfolio in
northwest Greenland, focused on exploring and developing
high-grade copper deposits within the Thule Basin in
northwest Greenland. Leveraging existing infrastructure and
exploration credits, the project is strategically positioned in an
underexplored region with substantial mineral potential. 80 Mile's
established basecamp at Moriusaq will support cost-effective
exploration, aligning with the Company's broader strategy to secure
high-quality copper and industrial gas projects.