Business
Update on CEO Search
80 Mile PLC has announced that Managing Director Eric Sondergaard will depart on February 10, 2026, but will continue in a consulting role to support the company's Greenland operations. The search for a new CEO is ongoing, and the Board expressed gratitude for Sondergaard's contributions. The company is listed on AIM, FSE, and OTC markets and is focused on exploration and development in Greenland and industrial gas and biofuels in Italy. Disclaimer*
About this update from 80 Mile Plc
[{"type":"text","content":"\n\n\n30 January 2026\n \nUpdate on CEO Search\n80 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, 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.\nThe search for a CEO is well underway, and the Board look forward to providing further updates in due course.\nThe Board would like to thank Eric for his significant contribution and dedicated service as Managing Director and wishes him every success in the future.\nFor further information please visit http://www.80mile.com or contact:\n\n\n\n\nInvestor Relations\n\n\n80 Mile plc\n\n\[email protected]\n\n\n\n\nEwan Leggat / Devik Mehta\n\n\nSP Angel Corporate Finance LLP\n(Nominated Adviser and Broker)\n\n\n+44 (0) 20 3470 0470\n\n\n\n\nHarry Ansell / Katy Mitchell / Andrew de Andrade\n\n\nZeus Capital Limited (Joint Broker)\n\n\n+44 (0) 20 3829 5000\n\n\n\n\nMegan Ray / Said Izagaren\n\n\nBlytheRay\n(Media Contact)\n\n\n+44 (0) 20 7138 3204\[email protected]\n\n\n\n\n \nAbout 80 Mile Plc:\n80 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.\n \n80 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 Exploratio...