Bluejay Expands Portfolio to Include Helium and Industrial Gases

Bluejay Mining plc ('Bluejay' or the 'Company'), an exploration and development company listed on AIM, FSE, and the Pink Market, operating projects in Greenland and Finland, announces its decision to broaden its corporate strategy. Following thorough deliberation, the company plans to extend its focus to encompass the exploration and development of helium, industrial gases, and hydrocarbons.

This expansion demonstrates the Company's dedication to innovation and advancement in the natural resources industry, aiming to optimize value for shareholders. Acknowledging the rising global need for helium and industrial gases in vital sectors like healthcare, aerospace, and energy, Bluejay is strategically positioned to seize potential opportunities.

Bluejay reaffirms its dedication to its ongoing exploration and development ventures, focusing on copper, nickel, and other battery metals, vital components in various industries such as renewable energy and electric vehicles. Over the past three months, under new management supervision, the Company has identified its strategic assets as Disko - Nuussuaq, Dundas, Hammaslahti, and Kangerluarsuk. Bluejay continues to evaluate potential opportunities for base and battery metals within its current operational areas. The Company is currently streamlining its existing Finland portfolio to achieve further cost efficiencies and anticipates providing an update on this soon. Any prospective acquisition in the industrial gas sector, if pursued, would enhance the company's portfolio of significant mineral assets.

Eric Sondergaard, Managing Director, stated; "The decision to explore possibilities within the helium, industrial gas, and hydrocarbon sectors stems from the recognition of several compelling, large-scale prospects that the Company deems worthy of further examination. These potential opportunities align seamlessly with our overarching objective of generating substantial shareholder value. With the new board and management team highly motivated to deliver value, this new strategy will complement our existing portfolio of battery metal projects, namely Disko-Nuussuaq, Dundas, and Hammaslahti. It is crucial to emphasize that while we are actively pursuing these opportunities, no decisions have been made regarding any potential acquisitions."

Bluejay is listed on the London AIM market and the Frankfurt Stock Exchange, with its shares additionally traded on the Pink Market in the US. With various projects in Greenland and Finland, Bluejay provides portfolio and commodity diversification, concentrating on base and precious metals in Tier 1 jurisdictions.

Through its wholly owned subsidiary Disko Exploration Ltd., Bluejay has finalized a Joint Venture Agreement with KoBold Metals, aimed at spearheading exploration endeavors for fresh deposits rich in critical materials vital for the transition to green energy and the production of electric vehicles, specifically focusing on the Disko-Nuussuaq nickel-copper-cobalt-PGE Project. This initiative stands as the most substantial potential upside within the company's existing portfolio.