Bluejay Mining is to embark on the exploration and development of helium, industrial gases, and hydrocarbons under a new corporate strategy.
In a statement,the company said it marked its commitment to innovation and growth in the natural resources sector and maximising value for shareholders.
Recognising the increasing global demand for helium and industrial gases across critical sectors such as healthcare, aerospace, and energy, Bluejay believes it is strategically positioned to capitalise on potential opportunities.
Bluejay remains committed to its ongoing exploration and development projects focussed on copper, nickel and other battery metals, which represent a crucial component in various industries including renewable energy and electric vehicles.
The company has identified its three Greenland projects,Disko – Nuussuaq, Dundas, and Kangerluarsuk, as its three strategic assets, along with Hammaslahti (copper-zinc) in Finland, and said it would ‘rationalise’ its other two Finland projects to reduce costs.
Bluejay continues to assess potential base and battery metals opportunities in its current operating jurisdictions. Any new acquisition in the industrial gas sectorwould be ‘a valuable addition’to the company’s portfolio.
Eric Sondergaard, Managing Director, said itsdecision to consider opportunities in the helium, industrial gas and hydrocarbon space has arisenthrough the identification of a number of “very compelling, large-scale opportunities”which itbelieves warrant further consideration.
He said, “This new strategy will complement our existing portfolio of battery metal projects namely Disko-Nuussuaq, Dundas, and Hammaslahti. It is important to note that while we are actively exploring these opportunities, no decision has been made on any potential acquisition.”
Mining increasingly finds itself front and centre of the energy transition. Even with the current decarbonisation trajectory trending toward 2.4° Celsius, the supply of many minerals and metals embedded in key lower-carbon technologies will face a shortage by 2030, according to McKinsey.
“Our research has shown that energy and materials are strongly interconnected and that the world will also have to go through a materials transition to deliver on its Net Zero ambitions,” it notes.
“While several uncertainties remain about how the materials transition will play out – such as the speed of decarbonisation, development of trade policies, speed of innovation and time to market for breakthrough technologies, and permitting timelines for new projects, among others – governments and companies can plan strategic actions that are resilient across a broad range of outcomes.”
The mining sector itself is in a race to decarbonise, and implement sustainable operations.
Anglo American, for example, is targeting a 30% reduction in greenhouse gas emissions by 2030, against a 2016 baseline.
