Announcement • May 11
80 Mile plc Announces Drilling Approval for Disko-Nuussuaq Exploration Programme 80 Mile PLC executed a binding agreement with USFM, USD 7.5 million budget approved and funded. Drilling permit secured from Greenlandic regulator. Initial 5,000 metre drilling programme. Drilling contractors appointed. Exploration experts, SRK Exploration Ltd. appointed Geological Manager. Greenlandic logistical support engaged, including air services from Air Greenland. Drilling to begin first week of July. 80 Mile PLC, the AIM, FSE, and OTC listed exploration and development company with projects in Greenland, Finland and Italy, provided an update on its joint venture agreement and drilling plans for the Disko-Nuussuaq nickel-copper-cobalt-PGE project in West Greenland. As announced on 3 November 2025 regarding the Binding Heads of Terms with USFM Corporation, 80 Mile executed the binding agreement with USFM. Under the Agreement, USFM will fund an initial USD 30 million to earn up to a 51% legal and beneficial interest in Disko. 80 Mile received all exploration permits required to undertake the 2026 drilling programme at Disko and Nuussuaq. The grant of the drilling permits represents a significant milestone for the Project. 80 Mile engaged Forage Fusion Drilling to provide two diamond drilling rigs for a targeted 5,000 metre initial campaign, with an expected start date July 2026. Forage Fusion Drilling is a global diamond drilling operator and has extensive experience operating in the Arctic. For transport and logistics support for the upcoming drilling campaign, a contract has been signed with Air Greenland to provide charter helicopter services. 80 Mile will also rely heavily on various in-country Greenlandic support staff and prioritise their appointments wherever possible. In addition, SRK Exploration Ltd. has been appointed as Geological Manager. SRK has significant experience in Greenland and is based in the United Kingdom, minimising mobilisation costs and providing near-location support. Seven significant Magmatic Massive Sulphide targets have been identified to-date at the licence area, with the largest being confirmed now at 5.9 kilometres long by 1.1km wide. A 28 tonne boulder of pure massive sulphides assayed 6.9% nickel, 3.7% copper, 0.6% cobalt and 2 grammes per tonne platinum group metals has also been discovered on the licence area. A surface sampling programme undertaken by the company confirmed the existence of a working sulphide system at Disko, initial results returned averaged between 4.6%-9.3% nickel & 1.5-2.8% copper. Fresh samples taken from outcrops confirmed characteristics indicative of large-scale Ni-Cu-Co-PGE sulphide segregation and coarse grained inter-locking crystals of metal sulphides were observed in hand specimens with an average crystal size of +15cm indicating that the significant accumulation /precipitation times required for formation of large-scale MMS deposits has occurred. The Disko and Nuussuaq Project comprises six MELs covering a total area of 3,015 square kilometres located on Disko Island and the Nuussuaq Peninsula in Central West Greenland. The project area is located approximately 120 kilometres northwest of Ilulissat, Greenland's third-largest city, which serves as the educational, commercial, and administrative hub of Central West Greenland, with a population of 4,700. Ilulissat is well-equipped with essential infrastructure including an airport, deep-water port facilities, and various service providers. Notably, a new international airport is currently under construction and is anticipated to be operational by the end of 2025. Since 2016, 80M has maintained a logistical base in Ilulissat, facilities designed to support its operations at Disko-Nuussuaq projects. Additionally, the Nikkeli operates a modular exploration camp for up to 40 personnel situated at the abandoned coal mining town of Qullissat on Disko Island. The Disko-Nuussuaq Project is hosted within the West Greenland Flood Basalt Province. The WGFBP is associated with the initial phase of continental breakup and the onset of seafloor spreading of the Labrador Sea during the early Paleogene. This province serves as a recognized geological analogue to the Siberian Flood Basalts of the Noril'sk Region of Siberia. This analogy was first recognised by Cominco (now Teck) and provided the exploration framework that has guided subsequent exploration efforts. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (UK£43.9m market cap, or US$59.4m). Announcement • Dec 05
80 Mile Plc has completed a Follow-on Equity Offering in the amount of £2 million. 80 Mile Plc has completed a Follow-on Equity Offering in the amount of £2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 400,000,000
Price\Range: £0.005
Transaction Features: Subsequent Direct Listing 
