Bluelake Mineral BLUE
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The news check keeps the assessment current.
General analysis — not personal advice.
The founder owns or has owned shares in this company within the past 6 months. See About.
A modest position may be justified once new shares from the issue are absorbed.
The new drill program adds data but the company lacks revenue and has ongoing financing needs which motivates the review signal.
The market reacts neutrally to positively to the new drill program at Joma.
NEUTRAL is the call. Positive is the market mood. High risk means a lot can go wrong.
Latest change
- 13 Nov 2026 — Report confirms zero revenue and higher quarterly loss, underscoring ongoing external funding dependence.
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Show all changes (7) — follow the company freeAbout the company
Bluelake Mineral is an exploration and mine development company focused on base metals in the Nordic region. The company is advancing copper and zinc projects in Sweden and Norway.
Bull case
Positive drill results outside the existing resource and the new capital plus LNS partnership could increase project value at Joma.
Bear case
The company has no revenue and depends on recurring capital injections that cause dilution.
Why this signal
The new drill program adds data but the company lacks revenue and has ongoing financing needs which motivates the review signal.
Recent news
The Q3 2026 interim report was published on 12 November showing zero revenue and a loss of 29 MSEK for the quarter. The Joma Väst drill program has been confirmed starting January 2027 covering 2 200–3 500 meters. The company has recruited a new VP Environment for the Joma and Stekenjokk-Levi projects.