Bluejay Mining plc / EPIC: JAY / Market: AIM / Sector: Mining
23 August 2024
Bluejay Mining plc ('Bluejay' or the 'Company')
Director Dealing
Bluejay Mining plc, the AIM, FSE listed and Pink Sheet traded exploration and development company with projects in Greenland and Finland, announces that it was notified on 23 August 2024 that Company Director Mr Roderick McIllree purchased 7,500,000 shares ordinary shares of the Company ("Ordinary Shares") at 0.31146 pence per share.
Following this purchase, Mr Mcillrees' total beneficial ownership in the Company is now 111,665,935 Ordinary Shares, which represents approximately 5.34% of the Company's issued share capital of 2,089,397,216 Ordinary Shares. Further details on the purchase are included in the notification below.
Roderick McIllree, Director of Bluejay Mining, commented:
"Due to excessive demand for the placement and scale back of investors in the placement including myself, and a strong desire to maintain my exposure to the Company for the various upcoming field activities, completing my order on market was the only way to secure the number of shares I originally wanted. I would like to thank all investors, both new and old, in the recent raising for their support and look forward to a productive 12-18 months across multiple project platforms, specifically Disko and Jameson."
For further information please visit http://www.bluejaymining.com or contact:
| Bluejay Mining PLC
Eric Sondergaard | |
| PR & IR Adviser - BlytheRay
Tim Blythe / Megan Ray / Said Izagaren | Tel: +44 (0) 20 7138 3204 |
| Nominated Adviser and Broker - SP Angel Corporate Finance LLP
Ewan Leggat / Adam Cowl | Tel: +44 (0) 20 3470 0470 |
| Joint Broker - Zeus Capital
Harry Ansell / Katy Mitchell / Andrew de Andrade | Tel: +44 (0) 20 7220 1670 |
| Joint Broker - Axis Capital Markets Limited
Lewis Jones | Tel: +44 (0) 203 026 0320 |
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018.
Details of the person discharging managerial responsibilities/person closely associated
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name: | Roderick McIllree | ||||
| 2. | Reason for the notification | |||||
| a) | Position/status: | Director | ||||
| b) | Initial notification/Amendment: | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name: | Bluejay Mining plc | ||||
| b) | LEI: | 213800E9AEFEHFLOVJ19 | ||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
| a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary shares of £0.01 each GB00BFD3VF20 | ||||
| b) | Nature of the transaction: | Purchase of ordinary shares | ||||
| c) | Price(s) and volume(s): |
| ||||
| d) | Aggregated information: Aggregated volume: Price: |
As above
| ||||
| e) | Date of the transaction: | 23 August 2024 London time | ||||
| f) | Place of the transaction: | AIM | ||||
About Bluejay Mining plc
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 multiple projects in Greenland and Finland, Bluejay offers both portfolio and commodity diversification focused on base and precious metals in Tier 1 jurisdictions.
Bluejay, through its wholly owned subsidiary Disko Exploration Ltd., has signed a definitive Joint Venture Agreement with KoBold Metals to guide exploration for new deposits rich in the critical materials required for the green energy transition and electric vehicles (the Disko-Nuussuaq nickel-copper-cobalt-PGE Project).
Disko Exploration Ltd holds two additional projects in Greenland - the 692 sq km Kangerluarsuk zinc-lead- silver project, where historical work has recovered grades of up to 45.4% zinc, 9.3% lead and 596 g/t silver; and the 920 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits. Bluejay also owns 100% of the fully permitted Dundas Ilmenite Project under its subsidiary Dundas Titanium A/S in northwest Greenland for which it will seek strategic alternatives.
In Finland, Bluejay currently holds three large scale multi-metal projects through its wholly owned subsidiary FinnAust Mining Finland Oy. The Company has identified multiple drill ready targets at the Enonkoski nickel-copper-cobalt project in East Finland. Bluejay's Hammaslahti copper-zinc-gold-silver project hosts high-grade VMS mineralisation and extensions of historical ore lodes have been proven. The drill ready Outokumpu copper-nickel-cobalt-zinc-gold-silver project is located in a prolific geological belt that hosts several high-grade former mines. Bluejay also owns 29% of Metals One PLC (AIM: MET1) after the divestment of its Black Shales Project.
**ENDS**
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