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Drilling Approved for Disko Exploration Programme
80 Mile PLC has executed a binding agreement with USFM Corporation, who will fund US$30 million to earn up to a 51% interest in the Disko-Nuussuaq nickel-copper-cobalt-PGE project in West Greenland. The company has also secured the necessary drilling permit from the Greenlandic regulator for an initial 5,000-meter drilling program, with drilling contractors appointed and exploration experts SRK Exploration Ltd. engaged as Geological Manager. Logistics support from Air Greenland has been secured, and drilling is scheduled to commence in the first week of July. Disclaimer*
About this update from 80 Mile Plc
11 May 2026 THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN. 80 Mile plc ("80 Mile", the "Company" or the "Group") USFM Agreement Executed and Drilling Approved for Disko-Nuussuaq Exploration Programme Highlights · Binding Agreement executed with USFM, US$7.5M budget approved and funded · Drilling permit secured from Greenlandic regulator · Initial 5,000 metre drilling programme · Drilling contractors appointed · Exploration experts, SRK Exploration Ltd., appointed Geological Manager · Greenlandic logistical support engaged, including air services from Air Greenland · Drilling to begin 1st week of July 80 Mile PLC ("80 Mile" or the "Company"), the AIM, FSE, and OTC listed exploration and development company with projects in Greenland, Finland and Italy, is pleased to provide an update on its joint venture agreement and drilling plans for the Disko-Nuussuaq nickel-copper-cobalt-PGE project in West Greenland ("Dis...