Business
GLND Appoints Rod McIllree as Managing Director
80 Mile PLC announced that Roderick McIllree, an Executive Director, has been appointed Managing Director of Greenland Energy Company, their joint venture partner for the Jameson Land Basin Project. Greenland Energy Company is obligated to drill two exploration wells, each approximately 3,500 metres, with an estimated total cost of US$70 million, to earn a significant interest in the project. Mr. McIllree's role will focus on permitting, regulatory engagement, and stakeholder relations to support the planned exploration program, while his position at 80 Mile remains unchanged. Disclaimer*
About this update from 80 Mile Plc
03 July 2026 GLND Appoints Rod McIllree as Managing Director 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, would like to advise that Roderick McIllree, Executive Director of 80 Mile, has been appointed Managing Director of Greenland Energy Company (NASDAQ: GLND), the Company's joint venture partner for the Jameson Land Basin Project ("Jameson"), with immediate effect. 80 Mile plc would also like to clalrify that its subsidiary, White Flame Energy A/S, as the 100% holder of the Jameson Land Basin exploration licences, is solely responsible for all aspects of assessment, permitting and regulatory engagement with the Government of Greenland, Kommuneqarfik Sermersooq, and other relevant authorities. All field activities, Environmental Impact Assessments (EIA), Social Impact Assessments (SIA), and any permit to drill are all subject to approval by the Greenland Government. Mr. McIllree will oversee Greenland Energy Company's day-to-day activities in Greenland, with a primary focus on permitting, regulatory engagement and stakeholder relations in support of the planned exploration programme at Jameson. He will lead interactions with Greenlandic authorities and local stakeholders, including the ensuring that the Environmental Impact Assessment, Social Impact Assessment, Field Activities Application and drilling permit processes are all done in accordance with and respect for Greenland regulations. Under a farm-in arrangement, Greenland Energy Company a company listed on the NASDAQ stock exchange in New York has the obligation to drill two exploration wells of approximately 3,500 metres each to earn a 50% interest in the project upon completion of the first well and an additional 20% interest upon completion of the second well. The total expected cost of this drilling campaign is US$70m (DKK 550,000,000). 80 Mile and its leadership team have been active in Greenland for over a decade, with key executives bringing more than 20 years of direct experience working on resource projects in the country. Throughout this time operating as responsible corporate citizen, building constructive and respectful relationships with regulators, local communities, and stakeholders across all of Greenland. As such we remain fully committed to conducting all activ...