REG - 80 Mile PLC - Update on CEO Search

80 MileAnnouncement

30/01/2026 16:15

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RNS Number : 1658R  80 Mile PLC  30 January 2026

30 January 2026

 

Update on CEO Search

80 Mile PLC ("80 Mile" or the "Company"), the AIM, FSE, and OTC listed
exploration and development company, announces that further to the
announcement dated 17 November 2025
(https://www.80mile.com/regulatory-news/84089) , the Company confirms that
Managing Director Eric Sondergaard's last day will be 10 February 2026. Eric
will continue in a consulting role post this date and continue to support the
Company's efforts as it expands its operations in Greenland.

The search for a CEO is well underway, and the Board look forward to providing
further updates in due course.

The Board would like to thank Eric for his significant contribution and
dedicated service as Managing Director and wishes him every success in the
future.

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

 Investor Relations                                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

 

About 80 Mile Plc:

80 Mile Plc, listed on London's AIM market under the ticker 80M, the Frankfurt
Stock Exchange under the symbol S5WA, and traded on 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 acquisition of White Flame Energy and the Jameson licenses in East
Greenland has positioned the Company in one of the world's most compelling
undrilled hydrocarbon basins. Under its agreement with March GL, drilling of
two fully funded wells is set to commence, with Pelican Acquisition
Corporation's merger with Greenland Exploration valuing 80 Mile's retained 30%
interest in Jameson at approximately US$92 million. This acquisition and
partnership significantly expand 80 Mile's exposure to the energy sector while
advancing its strategy of developing both conventional and sustainable energy
opportunities.

 

The Disko-Nuussuaq nickel-copper-cobalt-PGE project in Greenland is a core
focus for 80 Mile, 100% owned by 80 Mile. 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, has 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.

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