80 Mile PLC
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Company Description
- CEO
- Roderick McIllree
- Full Time Employees
- 7
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 6 Heddon Street London GL United Kingdom W1B 4BT
- IPO Date
- Nov 12, 2012
- Website
- 80mile.com
- Similar Companies
- Business
- 80 Mile Plc (LSE:80M.L) is a United Kingdom-based exploration and development company focused on high-grade critical metals, base metals, precious metals, industrial gases, sustainable fuels, and clean energy solutions in Tier 1 jurisdictions. The company holds a diversified portfolio of projects including the Disko-Nuussuaq nickel-copper-cobalt-PGE project in partnership with KoBold Metals; the Dundas Ilmenite Project for high-grade ilmenite sand; the Thule Copper Project targeting high-grade copper deposits in northwest Greenland; the Jameson Land Basin Project for hydrocarbons in East Greenland; and the White Flame Energy industrial gas and biofuels business in Italy, which produces biodiesel, bioliquids, sustainable aviation fuel (SAF), and hydrotreated vegetable oil (HVO). Operations span Greenland, Italy, and Finland, with target customers encompassing mining operators, energy firms, and Fortune 500 industrial partners seeking critical minerals and renewable feedstocks. Founded in 2005 and headquartered at 6 Heddon Street, London, W1B 4BT, the company, formerly known as Bluejay Mining plc, completed its name change to 80 Mile Plc in September 2024 following shareholder approval in July 2024 to reflect its expanded strategy into industrial gas, liquid hydrocarbons, and energy projects. Recent developments include securing three strategic memoranda of understanding (MOUs) in October 2025 with Fortune 500 companies for supplying up to 80,000 tonnes per annum of renewable feedstocks, including 10,000 tpa of biodiesel and bioliquids starting January 2026 and SAF/HVO from 2027, to a Ferrandina plant in Italy. In partnership with US-based March GL on the Jameson Land licenses, the company received a US$500,000 payment upon finalizing a joint venture agreement, enabling fully funded drilling of two wells in one of the world's most prospective undrilled hydrocarbon basins, while retaining a 30% interest valued at approximately US$92 million post-merger with Greenland Exploration and Pelican Acquisition Corporation. Additional milestones encompass a binding heads of terms for a Disko joint venture with a US group including a £500,000 cash payment and 12.5% management fee; sale of the non-core Kangerluarsuk zinc-lead project for up to US$2 million to monetize assets; and identification of seven AI/ML-driven priority targets at Disko-Nuussuaq comparable to Norilsk or Voisey's Bay.
Company News
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80 Mile now expects Greenland drilling in winter 2027
80 Mile now expects Greenland drilling in winter 2027
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Binding Heads of Term Reached With US Group to Joint Venture Disko-Nuussuaq Project, Greenland
80 Mile shares jump on $30 million Greenland joint venture deal
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