80 Mile share price climbs 7% as Greenland Energy sets merger terms

Mining General Mining & Base Metals Written by: Ian Lyall 11:00 Tue 08 Sep 2026 --> Edited by: Jamie Ashcroft Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. 80 Mile PLC ( AIM:80M OTCQB:BLLYF ) View Price & Profile 80 Mile share price climbs 7% as Greenland Energy sets merger terms Published: 11:00 08 Sep 2026 BST 80 Mile PLC (AIM:80M, OTCQB:BLLYF) shares climbed after Greenland Energy agreed indicative terms for a £61.48 million all-share acquisition. 80 Mile shares rose 7% to 0.80p, remaining below the approximately 1.1p implied in the proposed acquisition. Under the proposal, each 80 Mile share would exchange for 0.01108 new Greenland Energy common shares, making the sterling value dependent on share-price and currency movements. The implied premiums were 46.67% against the 7 September mid-market price, 42.86% against the 3 September mid-market price and 64.18% against July’s placing price. Between 25 August and 3 September, Greenland Energy bought 246.7 million shares at 0.53p to 0.82p, with a weighted average of 0.73p, holding 4.42% of existing issued capital on 8 September. Meanwhile, pre-conditions include Greenland Energy’s confirmatory due diligence and unanimous backing from 80 Mile’s Independent Directors, while 80 Mile requires satisfactory reverse due diligence. Continue reading