REG - 80 Mile PLC - Greenswitch to Secure Feedstock and Offtake

80 MileAnnouncement

30/07/2025 07:02

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RNS Number : 0941T  80 Mile PLC  30 July 2025

30 July 2025

 

Greenswitch to Secure Long-Term Feedstock and Product Offtake for Ferrandina
Plant

 

80 Mile PLC ('80 Mile' or the 'Company'), the AIM, FSE, and OTC listed
exploration and development company, is pleased to announce the signing of a
Memorandum of Understanding ('MOU') between Greenswitch Srl ('Greenswitch'), a
subsidiary of Hydrogen Valley Ltd, in which 80 Mile holds a 49% interest, and
NACATA Commodities ('NACATA'), a leading renewable energy distributor.

 

The MOU outlines a potential five-year supply and offtake agreement for the
Ferrandina plant in southern Italy, under which NACATA would supply up to
120,000 metric tonnes per annum ('tpa') of feedstock and purchase and
distribute the resulting end products. These include an expected 40,000tpa of
esterified bioliquid and 80,000tpa of biodiesel.

 

The agreement aligns with Greenswitch's top-tier sustainability certifications
and compliance with internationally recognised operating standards, including
ISO and ISCC certifications. The biodiesel will be produced to EN 14214
specifications, ensuring it meets the highest global quality standards.

 

The Ferrandina plant, fully permitted and recently refurbished, is capable of
refining secondary feedstocks including palm oil mill effluent, used cooking
oil, animal fats, and acid oils. These capabilities position the plant at the
forefront of Europe's renewable fuel infrastructure, supporting growing demand
for biodiesel and sustainable aviation fuel.

 

This strategic MOU strengthens Greenswitch's supply chain and reinforces its
ambition to establish the Ferrandina plant as a key player in European biofuel
production. The Company remains optimistic about finalising the agreement and
views the plant as a cornerstone asset in its portfolio.

Eric Sondergaard, Managing Director of 80 Mile, commented: "We are incredibly
excited about our partnership with NACATA, which is central to realising the
full potential of the Ferrandina plant. With a secure, long-term supply and
distribution framework, this MOU significantly enhances Greenswitch's ability
to deliver high-quality renewable energy products to the European market."

 

About Greenswitch S.r.l

 

Greenswitch S.r.l. is a trailblazer in the renewable energy sector, dedicated
to producing high-quality biofuels that meet global energy needs while
prioritising environmental stewardship. The Ferrandina plant is a
state-of-the-art facility driving the transition to a sustainable, low-carbon
economy.

 

 

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

 Eric Sondergaard                                  80 Mile plc                          enquiry@80mile.com
 Ewan Leggat / Adam Cowl                           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 and the Jameson licenses
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 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 mineralisation, 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.

In June 2025, 80 Mile entered into a definitive agreement to divest its 100%
interest in the Kangerluarsuk zinc-lead-silver project in Greenland to Amaroq
Minerals Ltd. Under the terms of the agreement, 80 Mile will receive
US$500,000 in Amaroq Minerals shares upon completion, and US$1,500,000 in cash
or shares upon the discovery of an economic deposit, as defined by a JORC or
NI 43-101 compliant resource that supports development.

 

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and
uncertainties. Forward-looking statements are statements that are not
historical facts. Such forward-looking statements, including with respect to
the initial public offering, are subject to risks and uncertainties, which
could cause actual results to differ from the forward-looking statements. No
assurance can be given that the initial public offering will be completed on
the terms described, or at all, or that the net proceeds of the offering will
be used as described in the offering prospectus. The Company expressly
disclaims any obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to reflect any
change in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is based.

 

 

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