Business
Site Mobilisation Activities Commence
80 Mile PLC has commenced site mobilisation activities at its Disko-Nuussuaq nickel-copper-cobalt-PGE project in West Greenland, establishing a site-based exploration team and expecting drill rigs and operational support staff by month-end. The 2026 drilling programme has been expanded to 9,000 meters from 5,000 meters, with two diamond drill rigs to be operated. This expansion is in consultation with joint venture partner USFM Corporation, which is committed to spending US$30 million over three years for a 51% stake. Disclaimer*
About this update from 80 Mile Plc
22 June 2026 Site Mobilisation Activities Commence 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 recent developments at Disko-Nuussuaq nickel-copper-cobalt-PGE project in West Greenland ("Disko"), and the 2026 drill season. Highlights · Mobilisation activities underway at Disko-Nuussuaq · Site based exploration team established · Drill rigs and operational support staff scheduled to arrive prior to end of the month · Drilling programme expanded to 9000m Program Expansion The Company will operate two diamond drill rigs at Disko for season 2026 and further advise that in consultation with our joint venture partner, USFM Corporation ("USFM"), who is spending US$30m for 51% over 3 years, that the 2026 drilling programme has been expanded from 5,000m to 9,000m. We look forward to providing regular updates as drilling progresses. Market Abuse Regulation (MAR) Disclosure The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018 For further information please visit http://www.80mile.com or contact: 80 Mile plc [email protected] Ewan Leggat / Caroline Rowe / Devik Mehta SP Angel Corporate Finance LLP (Nominated Adviser and Broker) +44 (0) 20 3470 0470 Harry Ansell / Katy Mitchell / Andrew de Andrade Zeus Capital Limited (Joint Broker) +44 (0) 20 3829 5000 Megan Ray / Said Izagaren / Matt Bowld BlytheRay (Media Contact) +44 (0) 20 7138 3204 [email protected] About 80 Mile Plc: 80 Mile Plc is 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. 80M is an exploration and development company focused on Hydrocarbons and High-Grade Critical Metal projects in Greenland and an industrial gas and biofuels business in Italy. 80 Mile offers both portfolio and commodity diversification focused on hydrocarbons, base and precious metals, while expanding into sustainable fuels and clean energy solu...