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Interesting, Potential electric car metals investment, IMO: Business
Billionaire-backed mining firm to seek electric vehicle metals in GreenlandAugust 10, 2021
8:17 AM EDT
Last Updated 5 months ago
2 minute read
COPENHAGEN, Aug 9 (Reuters) - Mineral exploration company KoBold Metals, backed by billionaires including Jeff Bezos and Bill Gates, has signed an agreement with London-listed Bluejay Mining (JAY.L) to search in Greenland for critical materials used in electric vehicles.
KoBold, which uses artificial intelligence and machine learning to hunt for raw materials, will pay $15 million in exploration funding for the Disko-Nuussuaq project on Greenland's west coast in exchange for a 51% stake in the project, Bluejay said in a statement.
Shares in BlueJay traded 26% higher on the news.
The license holds metals such as nickel, copper, cobalt and platinum and the funding will cover evaluation and initial drilling.
KoBold is a privately-held company whose principal investors include Breakthrough Energy Ventures, a climate and technology fund backed by Microsoft (MSFT.O) co-founder Bill Gates, Bloomberg founder Michael Bloomberg, Amazon (AMZN.O) founder Jeff Bezos, and Ray Dalio, founder of the world's largest hedge fund Bridgewater Associates.
Other KoBold investors include Silicon Valley venture capital fund Andreessen Horowitz and Norwegian state-controlled energy company Equinor.
BlueJay said previous studies found the area in western Greenland has similarities to the geology of Russia's Norilsk region, a main producer of nickel and palladium.
"This agreement is transformative for Bluejay," said the comany's CEO Bo Steensgaard. "We are delighted to have a partner at the pinnacle of technical innovation for new exploration methods, backed by some of the most successful investors in the world."
(Corrects 5th paragraph to reflect that Breakthrough Energy Ventures is an investor in KoBold, not an owner)
https://www.reuters.com/business/billionaire-backed-mining-firm-seek-electric-vehicle-metals-greenland-2021-08-09/
Yea I’m a stick around see were this goes
I started a nice position
Looks great long term. Just made 2nd buy. $GLTA
Liking Bluejay for sure ... under radar for now. will run hard it appears
This one gives me the hebegebees.
Picked some up yesterday, added more today. I may pick some more up tomorrow.
$BLLYF yes it is the 200K bids and 200k smacks are telling me this is going to breakout pretty soon
buying continues ... BLLYF
Might start to break up a little bit now as well.
BLLYF (1/4) We have signed a JV agreement with KoBold, a mineral exploration company, whose principal investor is @Breakthrough, overseen by @BillGates & @JeffBezos committed to identifying a #sustainable supply of #BatteryMetals ow.ly/Kjht50FN3Z1
(1/4) We have signed a JV agreement with KoBold, a mineral exploration company, whose principal investor is @Breakthrough, overseen by @BillGates & @JeffBezos committed to identifying a #sustainable supply of #BatteryMetals https://t.co/IoWlomqjmC
— 80 Mile PLC (@80milePLC) August 9, 2021
BLLYF 4/4) Other investors in the fund include Michael Bloomberg, co-founder of Bloomberg L.P. & candidate for the '20 Democratic nomination for president of the US, & Ray Dalio, co-chief investment officer of the world's largest hedge fund, Bridgewater Associates #JAY #Green #Energy
(4/4) Other investors in the fund include Michael Bloomberg, co-founder of Bloomberg L.P. & candidate for the '20 Democratic nomination for president of the US, & Ray Dalio, co-chief investment officer of the world's largest hedge fund, Bridgewater Associates #JAY #Green #Energy
— 80 Mile PLC (@80milePLC) August 9, 2021
BLLYF Twitter account
#JAY featured in the Danish newspaper, @borsendk following Monday’s JV announcement with #KoBold
#JAY featured in the Danish newspaper, @borsendk following Monday’s JV announcement with #KoBold https://t.co/bV80kxZiP1
— 80 Mile PLC (@80milePLC) August 10, 2021
Yeah. Same here. If this stays down here I am grabbing a nice chunk
Some big smacks has this puppy starts to go viral
The timeline is quite long for anything real to materialize. 5-10 years, I'd estimate.
That said, traders can make anything happen irrespective of fundamentals!
$BLLYF depending on price will be adding anywhere from 200k=500k tomorrow OTC is a bloodbath right now and this is one of the few legit plays out there
$BLLYF KoBold is a privately-held company whose principal investors include Breakthrough Energy Ventures, a climate and technology fund backed by Microsoft (MSFT.O) co-founder Bill Gates, Bloomberg founder Michael Bloomberg, Amazon (AMZN.O) founder Jeff Bezos, and Ray Dalio, founder of the world's largest hedge fund Bridgewater Associates.
Why only “small chance”?
I'd say this has a small chance to really move up! Worth a small gamble to me!
I don't usually put my $ in stocks high priced but with these names involved, why not?
Meant to say not many traders picked it up yesterday less than 3 milly volume and it's getting recognized now almost triple of that now.
Some dilution for sure, but the news is big. Will be interesting to see what happens here
looks like news didn't circulate completely yesterday and starting to make the rounds now $BLLYF
Sure seems that way….
$BLLYF JV with Jeff Bezos and Bill Gates backed company?!?!?!?!
ask is a little bit thick but volume is strong here ...
Interesting play here for sure… upside seems big
picked a few ... BLLYF
BLLYF Joint Venture with Bill Gates and Jeff Bezos backed Company
Press Release | 08/09/2021
Joint Venture with Bill Gates and Jeff Bezos backed Company
https://www.otcmarkets.com/stock/BLLYF/news/Joint-Venture-with-Bill-Gates-and-Jeff-Bezos-backed-Company?id=315261
This is a dead ticker.
THIS,A,CO.,YOU,STICK,WHAT,YOU,CAN,AFFORD,AND,WAIT,, THEN,RETIRE,,
BLLYF,,,DEFINITE GOOD COMPANY,,
BLLYF,,I like this stock a lot,,,no flipping here
BLLYF,,approximately 2/3 of shares held in very strong hands,, institutions and hedge funds
NEWS! Bluejay Mining gets LOI to fund Dundas project
Bluejay Mining plc, the AIM and FSE listed, and OCTQB traded, exploration and development company with projects in Greenland and Finland, is pleased to announce that it's 100% owned subsidiary Dundas Titanium A/S has received a Letter of Interest ("LOI") from the Export-Import Bank of the United States ("EXIM") for the provisional sum of approximately US$208 million in debt funding for the capital requirements of the Dundas Ilmenite Project. Any potential debt financing would be eligible for a maximum repayment term of 8 years 6 months.
Shareholders should note that whilst there is no guarantee that binding terms will be reached with EXIM to provide project financing for Dundas, the Company and EXIM will continue to progress the necessary eligibility requirements in order to secure the financing.
Bluejay is also advancing discussions with European Export Credit Agencies as well as other traditional commercial lenders to ensure the highest quality and most favourable commercial terms available for the development of Dundas.
About EXIM
The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. EXIM is an independent Executive Branch agency with a mission of supporting American jobs by facilitating the export of U.S. goods and services.
Notes
Bluejay is listed on the London AIM market and Frankfurt Stock Exchange and its shares also trade on the OTCQB Market in the US. With projects in Greenland and Finland, its most advanced project is the Dundas Ilmenite Project in Greenland, which is being developed towards production in the near term. The Dundas Ilmenite Project has been proven to be the highest-grade mineral sand ilmenite project globally, with a Mineral Resource reported in accordance with the JORC Code of 117 million tonnes at 6.1% ilmenite and a maiden offshore Exploration Target of between 300Mt and 530Mt of ilmenite at an average expected grade range of 0.4 - 4.8% ilmenite in-situ.
The Company's strategy is focused on securing financing ahead of commencing commercial production at Dundas in order to create a company capable of self-funding exploration on its current projects and future acquisitions.
Bluejay holds three additional projects in Greenland - the 2,897sq km Disko-Nuussuaq ('Disko') Magmatic Massive Sulphide nickel-copper-cobalt-platinum group element-gold project ('Ni-Cu-Co-PGE-Au'), which has shown its potential to host mineralisation similar to the world's largest nickel-copper mining district at Noril'sk-Talnakh, northern Russia; the 692sq km Kangerluarsuk zinc-lead- silver project ('Kangerluarsuk'), where historical work has recovered grades of 41% zinc, 9.3% lead and 596 g/t silver and identified four large-scale drill ready targets; and the 2,025 sq km Thunderstone project which has the potential to host large-scale base metal and gold deposits. Bluejay also has a prospective joint-venture agreement with a mining major at Enonkoski in Finland.
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