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80 Mile PLC (AIM:80M, OTCQB:BLLYF) shares tumbled 20% on Wednesday after it told investors that drilling at the Jameson Land Basin project in East Greenland...
80 Mile PLC (AIM:80M, OTCQB:BLLYF) told investors that drilling at its Jameson Land Basin project in East Greenland will be delayed, with regulators currently guiding towards winter 2027 rather than the previously targeted 2026/27 winter season. The company said the slippage reflects the time required to complete permitting and regulatory approvals and does not represent a change in its plans for Jameson.
80 Mile PLC (AIM:80M, OTCQB:BLLYF) shares climbed, rising around 10% to 1.23p, as the helium firm's Jameson project saw an implied valuation of some $148 million, as partner Greenland Energy Company began trading on NASDAQ (under the ticker GLND). GLND ended its debut day, Thursday 26 March, with a market capitalisation of US$345 million.
80 Mile PLC (AIM:80M, OTCQB:BLLYF) shares jumped on Wednesday as it revealed it is moving its shares from the London Stock Exchange's SETSqx platform to SETS from today, a step the company said should widen investor access and improve liquidity. The AIM-listed explorer and developer said the move to SETS, the exchange's electronic order book for equities, is intended to broaden its shareholder base and make the stock more accessible to investors, including those trading internationally, through traditional order-book dealing.
LONDON , Nov. 3, 2025 /PRNewswire/ -- 80 Mile PLC ('80M' or the 'Company'), the AIM, FSE, and OTC.BLLYF listed exploration and development company with projects in Greenland, Finland and Italy, is pleased to announce that it has entered into a Binding Head of Terms ("HoT") with USFM Corporation ("the US Partner") setting out the terms for the US Partner to fund US$30 million to earn 51 percent of the Disko-Nuussuaq project in West Greenland ("Disko") (the "Proposed Transaction"). 80 Mile will act as the operator and will receive a management fee equal to 12.5% of the total expenditure as well as a £500,000 cash payment upon signing of definitive agreements.
Shares in 80 Mile PLC (AIM:80M, OTCQB:BLLYF) rose as much as 12% in early trading after the explorer agreed a $30 million joint venture with USFM Corporation to develop its Disko-Nuussuaq nickel and copper project in Greenland. Under the binding heads of terms, USFM will fund the investment to earn a 51% stake, while 80 Mile will retain 49% and act as project operator.
80 Mile PLC (AIM:80M, OTCQB:BLLYF) shares rose almost 10% after the company saw its run of positive news continue with an announcement from its US joint venture partners regarding an independent assessment and prospective resources report that set out the "world-class potential" of the Jameson land basin in Eastern Greenland. The independent assessment by oil field specialists Sproule estimated 13.03 billion barrels on a P10 basis of gross un-risked recoverable prospective oil resources across the upper levels of the Jameson basin.
Shares in 80 Mile PLC (AIM:80M, OTCQB:BLLYF) rose 10% to 0.75p after the renewable fuels developer unveiled three new strategic partnerships and confirmed it will take full ownership of its Ferrandina biofuels facility in southern Italy. The AIM-listed group signed memorandums of understanding with a Fortune 500 energy major, Italian fuel distributor Ludoil Energia, and JEnergy, securing both feedstock supply and offtake arrangements for biodiesel and sustainable aviation fuel (SAF).
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