80 Mile Plc Expands Into Hydrogen Valley and Biofuel Projects
Key Ideas
  • 80 Mile Plc acquires a 24% interest in Hydrogen Valley, aiming to restart a plant by Q3 2025 for biofuel and sustainable aviation fuel production.
  • Greenswitch, with expertise from Mendelsohn, set to secure funding for biofuel and hydrogen projects through Italian and EU grant programs.
  • 80 Mile Plc, known for high-grade critical metals projects in Greenland and Finland, expands into the energy sector with the acquisition of White Flame Energy.
  • Despite a YTD Price Performance of -1.11%, 80M stock has a consensus rating of Buy, with a current Market Cap of £10.6M.
80 Mile Plc has reached stage two in acquiring a 24% stake in Hydrogen Valley, with plans to restart a plant by the third quarter of 2025 to produce biofuels and sustainable aviation fuels. Greenswitch is on track to secure substantial funding for their biofuel and hydrogen initiatives with support from Mendelsohn and access to Italian and EU grant programs. These developments are poised to positively impact the operational and financial growth of Greenswitch. 80 Mile Plc, a company focusing on high-grade critical metals in Greenland and Finland, has broadened its portfolio by venturing into the energy sector through the acquisition of White Flame Energy. The company is known for projects like the Disko-Nuussuaq nickel-copper-cobalt-PGE project in Greenland and the Outokumpu project in Finland. Despite a Year-To-Date price performance showing a slight decrease of -1.11%, 80 Mile Plc's stock has a Buy consensus rating. The company's current Market Cap stands at £10.6M, indicating its position in the market. Investors seeking investment ideas and stock recommendations can benefit from subscribing to the Smart Investor newsletter for weekly expert picks and staying informed with real-time news and analysis through the TipRanks app.
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