80 Mile PLC (80M) · 2026-10-19
80 Mile PLC has signed non-binding heads of terms to sell its Finnish licence package to Badlands Resources, but there is no certainty that definitive agreements will be signed or the disposal will complete. The proposed consideration is CAD$1.0 million in cash, a 19.99% Badlands equity interest and up to CAD$4.0 million in contingent milestones.
80 Mile PLC (80M) · 2026-10-06
80 Mile’s possible all-share acquisition by Greenland Energy remains uncertain, with due diligence and definitive-document negotiations continuing as the firm-offer deadline moves to 3 November 2026 London time.
80 Mile PLC (80M) · 2026-09-24
80 Mile has extended the Jameson drilling deadlines to 31 December 2028, delaying the first well by two years and the second by one year. GLND will pay £500,000 on signing and assume permitting responsibilities and costs.
80 Mile Plc (80M) · 2026-09-16
80 Mile faces material going concern uncertainty as it must raise additional funds within 12 months. Its pre-tax loss widened to £1,464,625 from £452,107, while net cash fell to £285,941 from £1,070,729.
80 Mile PLC (80M) · 2026-09-08
80 Mile has agreed indicative terms for an all-share acquisition by Greenland Energy, valuing its equity at £61.48 million or approximately 1.1p per share. A firm offer remains conditional on due diligence and approvals.
80 Mile PLC (80M) · 2026-08-12
80 Mile said Jameson Land Basin drilling is delayed by permitting and approvals, regulators indicate winter 2027, and a formal Greenland government warning was received.
80 Mile PLC (80M) · 2026-07-27
80 Mile has announced a placing of 283,581,890 new shares at 0.67p, representing a 10% discount to the 0.75p closing price on 24 July 2026. The placing is expected to raise approximately GBP1.9m before expenses, with the new shares representing approximately 5% of enlarged share capital.
80 Mile PLC (80M) · 2026-07-13
80 Mile PLC said drilling is now underway at Disko-Nuussuaq in West Greenland. The company plans each hole to reach up to 1,000 metres, subject to rig-site assessment and geological review.
80 Mile PLC (80M) · 2026-06-22
Mobilisation has started at Disko-Nuussuaq, with a site team in place and rigs due before month-end. The 2026 drilling programme has been expanded from 5,000m to 9,000m, backed by USFM's US$30m commitment for 51%.
80 Mile Plc (80M) · 2026-06-17
80 Mile Plc said Disko rigs are mobilised and drilling should start in the first week of July 2026. It also kept Jameson drilling guidance for H2 2026, subject to final approvals.