Bluejay Mining plc has recently announced a JV Agreement with a globally significant partner, KoBold Metals, which is a mineral exploration company that uses machine learning to guide exploration for new deposits rich in the critical materials for electric vehicles, batteries and green transition. The agreement provides for funding as well as technical innovation for new exploration methods in relation to this project in Greenland.
Principal investors in KoBold Metals include, among others, Breakthrough Energy Ventures, overseen by Bill Gates, and whose investors include Michael Bloomberg, Jeff Bezos, and Ray Dalio, and Equinor, the Norwegian state-owned multinational energy company.
Bluejay Mining retains the ability to self-fund to maintain a 49% ownership, whereas KoBold will earn 51% of the Disko-Nuussuaq project through an earn-in commitment.
Nuna Law has assisted Bluejay Mining in this JV agreement. See also more about Bluejay Mining and Dundas Titanium and their multi-project exploration in this Business Focus special edition.