Bluejay Mining PLC Results of Annual General Meeting (6189E)

TIDMJAY

RNS Number : 6189E

Bluejay Mining PLC

30 June 2023

Results of Annual General Meeting

Bluejay Mining plc ('Bluejay' or the 'Company'), the AIM, FSE listed and OTCQB traded exploration and development company with projects in Greenland and Finland, is pleased to announce that at the Company's Annual General Meeting held earlier today all resolutions were duly passed.

 
 No   Ordinary Resolution                          For           Against      Votes Withheld 
      To re-appoint Bo Stensgaard as a 
 1     Director of the Company.                    321,771,482   75,248,048   197,288 
     -------------------------------------------  ------------  -----------  --------------- 
      To re-appoint Robert Edwards as 
 2     a Director of the Company.                  391,998,890   5,009,290    208,638 
     -------------------------------------------  ------------  -----------  --------------- 
      To re-appoint PKF Littlejohn LLP 
       as auditors of the Company to act 
       as such until the conclusion of 
       the next Annual General Meeting 
       of the Company at which the accounts 
       are laid before the members and 
       to authorise the Directors of the 
 3     Company to fix their remuneration.          324,080,512   72,857,769   278,537 
     -------------------------------------------  ------------  -----------  --------------- 
      To authorise the Directors to issue 
       ordinary shares and grant rights 
       to subscribe for shares up an aggregate 
       nominal value of GBP21,186, being 
       approximately 20 per cent. of the 
       share capital of the Company. The 
       authority will expire at the commencement 
       of the next Annual General Meeting 
       following this meeting or 30 June 
       2024, whichever is the earlier to 
 4     occur.                                      321,409,066   75,383,014   424,738 
     -------------------------------------------  ------------  -----------  --------------- 
      Special Resolution 
     -------------------------------------------  ------------  -----------  --------------- 
 5    To authorise the Directors to issue          320,250,605   75,933,475   1,032,738 
       up to an aggregate nominal value 
       of GBP21,186 of equity securities 
       (representing approximately 20% 
       of the current issued share capital 
       of the Company) for cash and on 
       a non-pre-emptive basis pursuant 
       to the authority conferred by resolution 
       number 4 above. This will allow 
       the Board to allot shares for cash 
       without recourse to the Shareholders 
       so that it can move quickly from 
       time to time as it deems appropriate. 
       This authority will expire at the 
       commencement of the next Annual 
       General Meeting following this meeting 
       or 30 June 2024, whichever is the 
       earlier to occur. 
     -------------------------------------------  ------------  -----------  ---------------

For further information please visit http://www.bluejaymining.com or contact:

 
 Kevin Sheil             Bluejay Mining plc            enquiry@bluejaymining.com 
                        ----------------------------  -------------------------- 
                         SP Angel Corporate Finance 
                          LLP 
 Ewan Leggat / Adam       (Nominated Adviser and 
  Cowl                    Broker)                      +44 (0) 20 3470 0470 
                        ----------------------------  -------------------------- 
 Tim Blythe / Megan      BlytheRay 
  Ray / Said Izagaren     (Media Contact)              +44 (0) 20 7138 3205 
                        ----------------------------  --------------------------

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 has now secured four globally respected entities as partners on three of its projects, and exploration expenditure of up to $37 million contractually committed on three key projects, giving the Company and its shareholders both portfolio and commodity diversification in high quality jurisdictions.

Bluejay's Dundas Ilmenite Project in northwest Greenland is fully permitted and undergoing further optimisation studies. The Company has agreed a Master Distribution Agreement with a major Asian conglomerate for up-to 340k tonnes per annum ('tpa') of its designed 440ktpa annual output. The Company has also mandated a major European bank to head the financing syndicate for Dundas.

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 where multiple large-scale drill targets have been identified; and the 920 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits.

In Finland, Bluejay currently holds three large scale multi-metal projects through its wholly owned subsidiary FinnAust Mining Finland Oy. The Company has a Joint Venture Agreement with a mining major at its Enonkoski nickel-copper-cobalt Project in East Finland which has seen continued exploration and drilling since June 2021. Bluejay's drill ready 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 has also signed a conditional agreement for a partial divestment in a fourth Finnish project.

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