Bluejay Mining Reaches Agreement With Rio Tinto Subsidiary for Greenland Project

By Oliver Griffin

Bluejay Mining PLC (JAY.LN) said Tuesday that it has reached an agreement with a Rio Tinto PLC (RIO.LN) subsidiary to help analyze titanium ore from its Dundas project in Greenland.

The mining company said it has reach an agreement with Rio Tinto Iron and Titanium Canada Inc. to analyze ilmenite--the most important ore of titanium--taken from its wholly owned Dundas project.

Rio Tinto will analyze the ore, including a smelter test sample, at its plant in Quebec, Canada, Bluejay Mining said, adding that the two companies will work together to review and improve on the technical work that has been completed at the project to date.

Bluejay Mining said that Rio Tinto can terminate the agreement at any time and that there is no guarantee the assessment of its ilmenite will lead to a long-term transaction between the two companies.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

(END) Dow Jones Newswires

May 28, 2019 03:59 ET (07:59 GMT)

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