BlueJay Mining PLC has made a strategic move to diversify its portfolio by venturing into the helium and hydrogen sectors through the acquisition of a 51% stake in White Flame Energy Ltd for £1.40 million in shares. The deal includes an option to purchase the remaining 49% over three years. White Flame Energy holds exploration and exploitation licenses in East Greenland, covering 8,429 square kilometers, with significant potential for helium, white hydrogen, and other industrial gases, alongside hydrocarbons. Key directors of Bluejay are also shareholders in White Flame, fostering a seamless integration process and ensuring mutual interests are aligned. The acquisition is designed to be advantageous for both parties, with substantial cost savings and value enhancement for Bluejay shareholders. The acquisition is contingent on shareholder approval, with a scheduled general meeting in London. If approved, this move will notably broaden Bluejay's footprint in the industrial and natural gas sectors. The project in Greenland has already seen substantial investment of approximately US$125 million, with established infrastructure like roads and airstrips. Furthermore, the project has secured extensions for exploration and exploitation licenses, spanning up to 30+ years. With no immediate financial commitments required, Bluejay will conduct an option study to strategize the best path forward in terms of drilling and development. This acquisition marks a significant step for BlueJay Mining PLC as it steps into the realm of industrial gases in Greenland, opening doors for future growth and exploration.