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LONDON - 80 Mile PLC announced Thursday that all resolutions were duly passed at its Annual General Meeting held earlier in the day.
The AIM, Frankfurt Stock Exchange, and OTC-listed exploration and development company did not provide details about the specific resolutions that shareholders approved.
80 Mile focuses on critical metals exploration in Tier 1 jurisdictions, with multiple projects in Greenland. The company’s portfolio includes the Disko-Nuussuaq nickel-copper-cobalt-PGE project and the Dundas Ilmenite Project, which contains a JORC-compliant Mineral Resource of 117 Mt at 6.1% ilmenite.
In July 2024, shareholders approved the acquisition of White Flame Energy, expanding 80 Mile’s operations into the energy and gas sector with licenses for industrial gas, natural gas, and liquids in East Greenland.
The company also holds the Thule Copper Project in northwest Greenland. Earlier this year in March, 80 Mile divested its Finnish portfolio by selling its subsidiary FinnAust Mining Finland Oy to Metals One, while retaining rights to any industrial gases associated with those projects.
80 Mile is listed on the London AIM market, Frankfurt Stock Exchange, and the U.S. OTC Market under the ticker BLLYF.
This article is based on a press release statement from 80 Mile PLC.
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