https://www.engineeringnews.co.za

Bluejay to sell Finnish assets to dedicated battery metals firm

28th July 2021

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Greenland-focused explorer and developer Bluejay Mining has announced the proposed sale of two projects in Finland to a dedicated battery metals group in which it will become a significant shareholder.

Bluejay has signed a binding term-sheet and entered into a conditional agreement for the sale of its Paltamo and Rautavaara nickel/zinc/copper/cobalt projects in Finland to Metals One for a combination of cash and shares totalling £4-million.

Metals One reportedly intends to seek a listing on the Aim market of the LSE in 2021.

"The Paltamo and Rautavaara projects have the potential to replicate the giant adjacent Talvivaara nickel/zinc/copper/cobalt mine and we look forward to assisting the new team at Metals One to achieve this outcome,” said Bluejay CEO Bo Møller Stensgaard.

The two-billion-tonne Talvivaara project is adjacent to the Paltamo and Raatavaara projects.

Bluejay COO Thomas Levin would join the board of Metals One, bringing in local expertise and experience that would support and fast-track the activities of Metals One.

Metals One nonexecutive director Jonathan Owen commented that the company was created specifically to target battery metals – a sector it believed would be the fastest growing in the mining industry in the years to come.

“These are the metals that are and will continue to underpin the global technology industry, the energy transition and ultimately the pathway to decarbonisation,” he stated.

The proposed transaction was subject to formal agreement and completion of the outstanding conditions.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Beneficiation Academy
The Beneficiation Academy

The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...

VISIT SHOWROOM 
Sulzer Pumps (SA) (Pty) Ltd
Sulzer Pumps (SA) (Pty) Ltd

Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 0.619s - 140pq - 2rq
Subscribe Now