LONDON – 80 Mile PLC (AIM:80M, FSE:S5A), a mining exploration and development company, announced on Monday that all resolutions were passed at the recent General Meeting. This approval enabled the company to increase its interest to 24% in Hydrogen Valley Ltd and its subsidiary Greenswitch srl. This move comes as part of 80 Mile’s broader strategy to diversify its portfolio and expand its presence in the sustainable energy sectors.

The company, which has projects in Greenland and Finland, is actively developing its assets in critical metals and energy resources. Acquiring a larger stake in Hydrogen Valley is consistent with 80 Mile’s commitment to sustainable energy solutions while continuing to explore for conventional energy resources.

Greenland’s 80 Mile portfolio includes the Disko-Nuussuaq nickel-copper-cobalt-PGE project, developed in partnership with KoBold Metals. The joint venture has identified seven priority targets within the project area that indicate potentially significant deposits. Ground-loop electromagnetic surveys are planned to further refine these targets.

In Finland, 80 Mile’s subsidiary FinnAust Finland Oy has three multi-metal projects, including the Outokumpu project, which shows occurrences of industrial gases such as helium and hydrogen along with copper-nickel-cobalt- zinc-gold-silver deposits.

The company’s recent acquisition of White Flame Energy expands its portfolio in the energy sector, adding licenses for industrial gas, , and liquids in East Greenland. This acquisition was approved by shareholders in July 2024 and represents a strategic step to diversify 80 Mile’s asset base.

In addition, 80 Mile’s Dundas Ilmenite Project in northwest Greenland is fully permitted and progressing towards production, with substantial Mineral Resources and an offshore Exploration. Batas (NYSE:) which positions it as an important supplier of high quality ilmenite.

The Thule Copper Project, another significant asset in northwest Greenland, is focused on high-grade deposits. With existing infrastructure and exploration credits, the project is well positioned in an unexplored region with abundant mineral potential.

Information about the outcome of the General Meeting and the company’s strategic developments is based on a press release from 80 Mile PLC.

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