80 Mile PLC: Strategic Moves in Hydrogen Valley and Biofuel Procurement

In a significant development for 80 Mile PLC, a London-based mining service provider listed on the London Stock Exchange, the company has announced two major strategic moves that could reshape its future trajectory. On July 9, 2025, 80 Mile PLC revealed an increase in its stake in Hydrogen Valley Ltd to 49% and signed a Memorandum of Understanding (MOU) with Tecnoparco Valbasento for biofuel procurement.

Increased Stake in Hydrogen Valley

80 Mile PLC, known for its exploration and development in the metals and mining sector, has expanded its interest in Hydrogen Valley Ltd, a company focused on hydrogen production and related technologies. The increase from a 24% to a 49% stake marks a significant shift in 80 Mile’s strategic direction. This move was facilitated by renegotiating the terms of its Stage 3 option, which notably reduced the cash consideration from £1 million to £380,000. This amount will be settled through a working capital loan novation, reflecting a more financially prudent approach.

Biofuel Procurement Agreement with Tecnoparco

In parallel, 80 Mile’s subsidiary, Greenswitch Srl, has entered into an MOU with Tecnoparco Valbasento. This agreement involves the procurement of up to 40,000 tonnes per year of biofuel, which will be used in Tecnoparco’s cogeneration units. Currently, Tecnoparco imports palm oil from outside Italy, but this new arrangement promises to shorten the supply chain, offering both cost savings and enhanced sustainability. This move aligns with global trends towards greener energy solutions and positions 80 Mile as a forward-thinking player in the energy sector.

Financial Context

Despite these strategic advancements, 80 Mile PLC faces financial challenges. The company’s share price closed at 0.24 GBP on July 7, 2025, reflecting a decline from its 52-week high of 0.51 GBP in July 2024. The market capitalization stands at 10,230,000 GBP, with a negative price-to-earnings ratio of -0.480591, indicating potential investor concerns about profitability.

Conclusion

These developments highlight 80 Mile PLC’s strategic pivot towards sustainable energy solutions and increased involvement in the hydrogen sector. While the company navigates financial hurdles, its recent moves could pave the way for future growth and diversification. Investors and stakeholders will be keenly watching how these initiatives unfold in the coming months.