Street Calls of the Week
LONDON - 80 Mile PLC (AIM:MILE) announced on Tuesday the specific milestones and criteria for its recently established Employee Benefit Trust (EBT) scheme, which will reward directors and employees based primarily on the company’s market capitalization achievements.
The mining exploration and development company, which is listed on AIM, Frankfurt Stock Exchange, and OTC markets, has set four market capitalization thresholds as key milestones: £15 million, £20 million, £25 million, and £40 million, all calculated on an undiluted basis.
According to the company’s statement, the EBT scheme will measure performance over a 12-month period from July to June, with the independent Remuneration Committee overseeing implementation and evaluation of milestone achievements.
The allocation framework for EBT shares will consider participants’ roles and responsibilities, contributions to strategic goals, and market benchmarking. The board will retain discretion to allocate shares for "extraordinary effort" as it deems appropriate.
80 Mile stated that the EBT aims to align interests between company leadership and shareholders, incentivize long-term value creation, retain talent, and ensure compliance with AIM regulations and corporate governance standards.
The company indicated that exploration and project-specific milestones will be established later as projects develop.
80 Mile’s portfolio includes the Disko-Nuussuaq nickel-copper-cobalt-PGE project and the Dundas Ilmenite Project in Greenland, along with industrial gas and biofuels operations in Italy. In June 2025, the company entered an agreement to divest its Kangerluarsuk zinc-lead-silver project to Amaroq Minerals Ltd.
The announcement follows previous statements about the EBT made on July 28 and August 4, 2025, based on the company’s press release.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.