Bluejay Mining agrees to sell projects in Finland to Metals One

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Mining group Bluejay Mining said it had agreed to sell its Paltamo and Rautavaara nickel, zinc, copper and cobalt projects in Finland to Metals One for £4 million in cash and shares.

A large chunk of the consideration -- £3.7 million -- was payable in shares conditional on Metals One carrying out plans to list on AIM later this year.