03:31 AM EDT, 09/08/2026 (MT Newswires) -- 80 Mile (80M.L) said Tuesday it agreed on the indicative terms of a potential takeover proposal from Greenland Energy Co. The Nasdaq-listed energy exploration company is considering an offer of 0.011 pound sterling per share for the London-listed exploration and development company, valuing the potential target's issued share capital at 61.5 million pounds. Greenland Energy has until Oct. 6 to finalize a takeover proposal for 80 Mile. The deal is subject to the satisfactory completion of due diligence.

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