14th Aug 2020 10:03
(Alliance News) - Bluejay Mining PLC on Friday said it completed a final public consultation meeting as part of its attempts to ink an exploitation licence for a project in Greenland.
The public consultation for the Dundas ilmenite project was previously hit with delays. Due to Covid-19 affecting consultation meetings, the government of Greenland extended the consultation period from eight to 10 weeks, Dundas said in June.
And in July, Bluejay had agreed an offtake deal with a "multinational commodity trading firm" at Dundas increased.
The new agreement increased the amount of ilmenite to between 250,000 and 300,000 tonnes per year, extending agreement by three months to October 31.
Bluejay shares were 12% higher at 7.60 pence each in London on Friday.
By Eric Cunha; [email protected]
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