REG - 80 Mile PLC - Appointment of Independent Non-Executive Director

80 MileAnnouncement

14/07/2025 08:45

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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
(http://www.80mile.com)  or contact:

 Board of Directors                                80 Mile plc                          enquiry@80mile.com
 Ewan Leggat / Devik Mehta                         SP Angel Corporate Finance LLP       +44 (0) 20 3470 0470

(Nominated Adviser and Broker)
 Harry Ansell / Katy Mitchell / Andrew de Andrade  Zeus Capital Limited (Joint Broker)  +44 (0) 20 3829 5000
 Megan Ray / Said Izagaren                         BlytheRay                            +44 (0) 20 7138 3204

(Media Contact)

                                                                                        80mile@blytheray.com (mailto: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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