REG - 80 Mile PLC - Exercise of Warrants and Total Voting Rights

80 MileAnnouncement

15/10/2025 12:45

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RNS Number : 5221D  80 Mile PLC  15 October 2025

15 October 2025

 

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

 

Exercise of Warrants and Total Voting Rights

 

 

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, advises that the Company has issued
a total of 8,000,000 new ordinary shares of £0.0001 each at a price of 0.35
pence per share ("Ordinary Shares") for a total consideration of £28,000
following an exercise of 8,000,000 warrants ("Warrant Shares").

 

The Warrant Shares will rank pari passu with the Company's existing shares and
application has been made for the Warrant Shares to be admitted to trading on
AIM ("Admission"). It is expected that Admission will become effective and
dealings in the Warrant Shares will commence at 8:00 am on or around 20
October 2025.

 

In accordance with the Disclosure Guidance and Transparency Rules, the Company
hereby notifies the market that immediately following Admission, its issued
and outstanding share capital will consist of 4,337,127,203 Ordinary Shares.
Shareholders may use this figure as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the Financial Conduct
Authority's Disclosure and Transparency Rules.

 

The Company has 346,935,493 warrants and options outstanding.

 

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.

In March 2025, 80 Mile divested its Finnish portfolio, selling its subsidiary,
FinnAust Mining Finland Oy, to Metals One. The portfolio consisted of licenses
comprising the Hammaslahti Copper-Zinc Project and Outokumpu Copper Project.
80 Mile retains 100% of the rights to any industrial gases (including helium
and hydrogen) associated with the projects.

 

 

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