Appointment of Independent Non-Executive Director

80 Mile

14/07/2025 08:34

RNS Number : 9176Q

80 Mile PLC

14 July 2025

 

14 July 2025

 

80 Mile PLC / Ticker: 80M / Market: AIM / Sector: Mining

 

Appointment of Independent Non-Executive Director

 

 

80 Mile PLC ("80 Mile" or the "Company"), the AIM, FSE, and OTC listed exploration and development Company with mineral and energy projects in Greenland and a biofuels plant in Italy, is pleased to announce the appointment of Ingo Hofmaier to the Board of Directors as a Non-Executive Director with immediate effect.

 

Ingo Hofmaier has 25 years of experience in corporate finance, investment banking, project execution and corporate development in heavy industries and mining. Over the past six years, he has held executive and non-executive roles at public and private mining companies, managing commercial and technical teams and finance functions in the mining and minerals processing industry in Europe, South America and Africa. He is currently Chief Financial Officer of NYSE-listed Lifezone Metals (NYSE: LZM), a company providing technical and supply chain solutions for high quality greener metals and developing the Kabanga Nickel Project in Tanzania. Recently he served as a Non-Executive Director of LSE-listed First Tin (LSE:1SN), where he chaired the Audit and Remuneration Committee. Ingo previously served as Chief Executive Officer of Omico Mining Corp, a Namibian copper explorer and was Chief Financial Officer of SolGold (LSE:SOLG), a LSE gold and copper explorer. Prior to this, he spent seven years as Partner, Head of Mining, at Hannam & Partners, the London based merchant bank, advising and fundraising for junior mining companies, including Bluejay Mining plc. He started his career in London as a Business Development Executive at Rio Tinto and prior to that spent 8 years with Wienerberger AG, an Austrian building materials and industrial group. Ingo graduated with a master's degree in international business from the University of Applied Sciences, Eisenstadt,  Austria and is a CFA Charterholder. Ingo will join the Nomination Committee and chair the Audit Committee of 80 Mile focusing on the financial, strategic and risk oversight at the company.

 

Eric Sondergaard, Managing Director of 80 Mile, commented: "We are delighted to be welcoming Ingo as a Non-Executive Director. He brings a wealth of experience in the mining industry, both as a corporate finance advisor, as well as at executive level at a number of public and private mining companies. He is a respected figure in London and international capital markets and will be an excellent addition to the Board of Directors at 80 Mile."

Commenting on his appointment, Ingo Hofmaier, commented: "I am pleased to be joining the Board of 80 Mile, a company and management team that I have known for many years. The company is at an exciting juncture following the recently announced agreement for drilling to commence at the Jameson Land Basin in Greenland, as well as the acquisition of an interest in Hydrogen Valley and its biofuels and sustainable aviation fuels plant in Italy. 80 Mile offers both portfolio and commodity diversification with exciting projects in Tier 1 jurisdictions. I look forward to joining the board and supporting the Executive team as the Company continues to make progress."

Further information in relation to the Director appointment

The following information is disclosed pursuant to Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for Companies in relation to Ingo Hofmaier, aged 49.

As at the date of appointment, Ingo Hofmaier holds 10,853,985 shares in 80 Mile.

Current Directorships
Previous Directorships held in in the past five years
Lifezone Holdings Limited
First Tin Plc
Lifezone Limited
Omico Mining Corp Limited
Lifezone US Holdings Limited
Omico Copper Limited
Kabanga Nickel Limited
Craton Mining and Exploration (Pty) Ltd
Kelltechnology South Africa (RF) (Pty) Limited
SolGold Finance AG

 

Market Abuse Regulation (MAR) Disclosure

The information set out above is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR').

 

For further information please visit http://www.80mile.com or contact:

Board of Directors
80 Mile plc
enquiry@80mile.com
Ewan Leggat / Devik Mehta
SP Angel Corporate Finance LLP
 (Nominated Adviser and Broker)
+44 (0) 20 3470 0470
Harry Ansell / Katy Mitchell / Andrew de Andrade
Zeus Capital Limited (Joint Broker)
+44 (0) 20 3829 5000
Megan Ray / Said Izagaren
BlytheRay
 (Media Contact)
+44 (0) 20 7138 3204
80mile@blytheray.com

 

About 80 Mile Plc:

80 Mile Plc, listed on the London AIM market, Frankfurt Stock Exchange, and the U.S. OTC Market under the ticker BLLYF, is an exploration and development company focused on high-grade critical metals in Tier 1 jurisdictions. With multiple projects in Greenland, as well as a developing industrial gas and biofuels business in Italy, 80 Mile offers both portfolio and commodity diversification focused on base metals, precious metals, and industrial gas while expanding into sustainable fuels and clean energy solutions in Tier 1 jurisdictions. 80 Mile's strategy is centred on advancing key projects while creating value through partnerships and strategic acquisitions.

80 Mile's recent acquisition of White Flame Energy expands its portfolio into the energy and gas sector, adding large-scale licenses for industrial gas, natural gas, and liquids in East Greenland. Approved by shareholders in July 2024, this acquisition diversifies the Company's assets and aligns with its strategy to contribute to sustainable energy solutions, while also exploring conventional energy resources.

The Disko-Nuussuaq nickel-copper-cobalt-PGE project in Greenland is a primary focus for 80 Mile, 100% owned by 80 Mile PLC. Seven priority targets exhibiting spatial characteristics indicative of potential deposits on a scale comparable to renowned mining operations such as Norilsk, Voisey's Bay, and Jinchuan, will be advanced by the Company.

The Dundas Ilmenite Project, 80 Mile's most advanced asset in northwest Greenland, is fully permitted and progressing towards near-term production. With a JORC-compliant Mineral Resource of 117 Mt at 6.1% ilmenite and an offshore Exploration Target of up to 530 Mt, Dundas is poised to become a major supplier of high-quality ilmenite. Recent discoveries of hard rock titanium mineralization, with bedrock samples showing nearly double the ilmenite content of previous estimates, further enhance the project's world-class potential. 80 Mile owns 100% of the Dundas Ilmenite Project under its subsidiary Dundas Titanium A/S in Greenland.

The Thule Copper Project is a significant component of 80 Mile's portfolio in northwest Greenland, focused on exploring and developing high-grade copper deposits within the Thule Basin in northwest Greenland. Leveraging existing infrastructure and exploration credits, the project is strategically positioned in an underexplored region with substantial mineral potential. 80 Mile's established basecamp at Moriusaq will support cost-effective exploration, aligning with the Company's broader strategy to secure high-quality copper and industrial gas projects.

80 Mile holds a Finnish exploration portfolio, via its subsidiary, FinnAust Mining Finland Oy. The portfolio consisted of licenses comprising the Hammaslahti Copper-Zinc Project and Outokumpu Copper Project, both of which have high levels of naturally occurring hydrogen and helium.

 

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