Bluejay Mining PLC Bluejay Mining joins the ERMA
23 November 2020 - 8:00AM
RNS Non-Regulatory
TIDMJAY
Bluejay Mining PLC
23 November 2020
Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector:
Mining
23 November 2020
Bluejay Mining plc
('Bluejay' or the 'Company')
Bluejay Mining joins the European Raw Materials Alliance
Bluejay Mining plc, the AIM, FSE listed and OTCQB traded
exploration and development company with projects in Greenland and
Finland , is pleased to announce it has joined the European Raw
Materials Alliance ('ERMA').
ERMA was recently launched by the European Commission as part of
its outlined Action Plan on Critical Raw Materials. The Action Plan
defines the steps Europe must take to diversify and strengthen
supply chains, decrease dependency on other countries, and reduce
the reliance on critical raw materials by securing access to
sustainable raw materials.
Bluejay CEO, Rod McIllree said: "We are delighted that we and
our subsidiaries have been selected as founding members of the
European Raw Materials Alliance and look forward to contributing to
the development and benefitting from the cooperation and
opportunities within the Alliance.
"We were approached early about this development and are excited
by working towards a sustainable and dependable raw materials
supply chain for Europe. We are witnessing a critical turning point
as we shift towards green and technology-focused economies. The
European Raw Materials Alliance will be an important instrument for
Europe. Bluejay and its project portfolio is well positioned to be
an intrinsic part of the sustainable and dependable supply of raw
materials needed to support societal needs, the green transition,
battery metals and renewably energy solutions through sustainable
mining."
Bluejay COO, Bo Stensgaard said: "Bluejay is working towards
advancing the Dundas Ilmenite Project, the world's highest-grade
mineral sands ilmenite project, located in Greenland, to
sustainable commercial production. Once in production, it will
produce the primary ore for titanium, one of the metals on the
'2020 List of Critical Raw Materials' issued in September by the
European Commission.
"In addition to this, our wider project portfolio in both
Greenland and Finland represents, beside the primary base metals
such as copper and nickel for the battery industrial ecosystems,
electrification and the green transition, potential future and
important sources of other Critical Raw Materials such as cobalt,
platinum group metals and potentially germanium. Projects that in
several cases could be game-changers, such as the Disko-Nuussuaq
Ni-Cu-Co-PGM-Au Project in West Greenland and the Enonkoski
Ni-Cu-PGM-Co and Outokumpu Cu-Zn-Ni-Co-Au-Ag Projects in Finland,
for sustainable sourced metals for Europe.
"Not only is this critical issue for the abovementioned metals
realised by the European Union. The U.S. State Department of the
Interior issued in May 2018 a list of 35 mineral commodities that
are considered critical to the economic and national security of
the United States. The list was as a response current U.S.
President Donald J. Trump's Executive Order to break America's
dependence on foreign minerals and which importance and dependence
have been emphasised during the COVID-19 pandemic, related supply
risks and geopolitical developments."
Establishing the ERMA is the first of several actions devised by
the European Commission to achieve the objectives of securing
access to sustainable raw materials, advanced materials, and
industrial processing know-how. The activities from the Alliance
will comprise strategic investment, industrial production and
creation of environmentally sustainable and socially equitable
innovations and infrastructure. Finland is a member of the European
Union and Greenland is one of the EU countries' overseas countries
and territories (OCT) associated to the European Union .
The alliance is managed by the knowledge and innovation
community EIT RawMaterials, a consortium incorporated and funded by
the European Institute of Innovation and Technology and the one
hundred and twenty core and associated partners of EIT
RawMaterials.
**ENDS**
For further information please visit
http://www.bluejaymining.com or contact:
Roderick McIllree Bluejay Mining plc +44 (0) 20 7907 9326
Kevin Sheil Bluejay Mining plc +44 (0) 20 7907 9326
------------------------------ ---------------------
SP Angel Corporate Finance
LLP
Ewan Leggat (Nominated Adviser) +44 (0) 20 3470 0470
------------------------------ ---------------------
SP Angel Corporate Finance
LLP
Adam Cowl (Nominated Adviser) +44 (0) 20 3470 0470
------------------------------ ---------------------
Hannam & Partners (Advisory)
Andrew Chubb LLP +44 (0) 20 7907 8500
------------------------------ ---------------------
Tim Blythe Blytheweigh +44 (0) 20 7138 3205
------------------------------ ---------------------
Megan Ray Blytheweigh +44 (0) 20 7138 3205
------------------------------ ---------------------
Notes
Bluejay is listed on the London AIM market and Frankfurt Stock
Exchange and its shares also trade on the OTCQB Market in the US.
With projects in Greenland and Finland, its most advanced project
is the Dundas Ilmenite Project in Greenland, which is being
developed towards production in the near term. The Dundas Ilmenite
Project has been proven to be the highest-grade mineral sand
ilmenite project globally, with a Mineral Resource reported in
accordance with the JORC Code of 117 million tonnes at 6.1%
ilmenite and a maiden offshore Exploration Target of between 300Mt
and 530Mt of ilmenite at an average expected grade range of 0.4 -
4.8% ilmenite in-situ.
The Company's strategy is focused on securing an offtake partner
and commencing commercial production at Dundas in the near term to
create a company capable of self-funding exploration on its current
projects and future acquisitions.
Bluejay holds three additional projects in Greenland - the
2,897sq km Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide
nickel-copper-cobalt-platinum group element-gold project
('Ni-Cu-Co-PGE-Au'), which has shown its potential to host
mineralisation similar to the world's largest nickel-copper mining
district at Noril'sk-Talnakh, northern Russia; the 692sq km
Kangerluarsuk zinc-lead- silver project ('Kangerluarsuk'), where
historical work has recovered grades of 41% zinc, 9.3% lead and 596
g/t silver and identified four large-scale drill ready targets; and
the 2,025 sq km Thunderstone project which has the potential to
host large-scale base metal and gold deposits.
The Company also has a 100% interest in a portfolio of copper,
zinc and nickel projects in Finland. This multi-commodity portfolio
has been restructured to be cost-sustainable whilst determining the
best plan for future development. For its Enonkoski Ni-Cu-PGM-Co
Project in Finland have Bluejay a prospective joint-venture
agreement with a mining major.
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