“…Greenland is one of the last frontiers where you can extract high grade occurrences of metal in a stable political environment...”
President Trump knows it, but Bluejay Mining knew about Greenland’s potential first.
Listed on AIM with the ticker #JAY, Bluejay is engaged in the exploration and development of precious and base metals, and claims to have four of the best metal occurrences in what is the world’s largest island.
Its primary focus is advancing its Dundas Ilmenite Project, the world’s most significant and highest-grade mineral sand ilmenite deposit. Ilmenite is sought after as the main source of titanium dioxide, used in paints, printing inks, fabrics, plastics, paper, sunscreen, food and cosmetics.
In July the company provided an update on its offtake negotiations for Dundas. Highlights of the announcement included up to a 50% increase in potential off-take amount of 250-300ktpa from the 200tkpa of ilmenite; and the MOU provides for a potential off-take of up to 70% of total annual output at the project.
Here, CEO Rod McIllree explains to Sarah Lowther that four significant milestones will be reached by October including the mining licence for Dundas, multiple off take agreements and the optimisation study and financing.
Watch Rod McIllree and Proactive Investor’s Andrew Scott discuss how the Greenland projects are shaping up and interest from mining giants.
The author was remunerated but does not hold shares in the company
