Bluejay Mining PLC (“JAY”) has announced the signing of a definitive Joint Venture agreement with KoBold Metals (“KoBold”) to fund a significant drilling campaign at the polymetallic Disko-Nuussuaq project (“Disko”) in Central West Greenland. KoBold can earn up to 51% of the project through sole-funding two stages of exploration spending totalling US$15m by Dec 2024, including US$11.6m dedicated to drilling, with Bluejay managing field activities in this period. While we note “alternative scenar ....
10 Aug 2021
JV signed with billionaire-backed KoBold Metals to advance Disko exploration programme
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JV signed with billionaire-backed KoBold Metals to advance Disko exploration programme
Bluejay Mining PLC (JAY:LON) | 0.3 0 0.0% | Mkt Cap: 4.89m
- Published:
10 Aug 2021 -
Author:
Roger Bell | Jay Ashfield -
Pages:
4
Bluejay Mining PLC (“JAY”) has announced the signing of a definitive Joint Venture agreement with KoBold Metals (“KoBold”) to fund a significant drilling campaign at the polymetallic Disko-Nuussuaq project (“Disko”) in Central West Greenland. KoBold can earn up to 51% of the project through sole-funding two stages of exploration spending totalling US$15m by Dec 2024, including US$11.6m dedicated to drilling, with Bluejay managing field activities in this period. While we note “alternative scenar ....