80 Mile Plc (LSE:80M) has finalized an asset purchase agreement with Amaroq Minerals Ltd., transferring ownership of its Kangerluarsuk zinc-lead-silver project in Greenland. The sale is part of the company’s strategy to divest non-core holdings and channel resources into priority ventures, including the Disko-Nuussuaq nickel-copper-cobalt project and the Jameson Land Basin Project. Proceeds from the transaction will be used to accelerate progress on these flagship assets and support broader strategic goals.
About 80 Mile Plc
80 Mile Plc is an exploration and development firm traded on the London AIM market, the Frankfurt Stock Exchange, and the U.S. OTC Market. Its portfolio targets high-grade critical metals in Tier 1 jurisdictions, with major operations in Greenland and an emerging industrial gas and biofuels initiative in Italy. The company’s growth strategy centers on advancing its most promising projects, leveraging partnerships, and pursuing strategic acquisitions across base and precious metals, as well as sustainable energy sectors.
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