25 August 2026

Ferrandina Biodiesel Plant Receives European Sustainability Accreditation

Ferrandina Biodiesel Plant in Italy Achieves Key Sustainability Certifications ahead of restart

80 Mile PLC (AIM: 80M, FSE: S5WA, OTC: BLLYF), the exploration and development company with projects in Greenland, Finland and Italy, is pleased to announce that its 100% owned subsidiary Hydrogen Valley has secured two important sustainability certifications for the Greenswitch S.r.l. ("Greenswitch") Ferrandina biodiesel facility in southern Italy.

Greenswitch has been awarded both the Italian National Sustainability Certification Scheme (INS) and the International Sustainability and Carbon Certification (ISCC) for the Ferrandina Biodiesel facility in Italy. These certifications formally confirm that products from the Ferrandina plant meet the sustainability, traceability and greenhouse gas emissions-saving criteria required under Italian and European Union renewable fuels regulations.

Commercial Significance

The combination of INS and ISCC certification is particularly valuable in the Italian market. It enables Greenswitch's products to qualify for "double counting" treatment under the Italian biodiesel obligation system and for the associated Certificati di Immissione in Consumo (CIC) regime administered by the GSE.

Biodiesels that achieve double-counting status and generate CICs typically attract a material premium relative to non-certified or single-counted product. Based on recent market values for advanced CICs, qualifying product has commonly attracted a material premium, often in the order of €300-500+ per tonne depending on feedstock, GHG savings and prevailing certificate prices.

This significantly enhances the commercial attractiveness of Ferrandina's output to fuel distributors and obligated parties, and is expected to support stronger pricing and more favourable offtake discussions.

These certifications therefore represent both a regulatory de-risking milestone and a tangible improvement in the potential economics of the plant as Hydrogen Valley and Greenswitch continue restart and commissioning activities, with the objective of establishing commercial production of biodiesel and other renewable fuel products.

Mark Frascogna, Managing Director of Hydrogen Valley, commented:

"Securing both the INS and ISCC certifications is a meaningful validation of the work completed by the Greenswitch team. These approvals confirm that our products meet the rigorous standards required to access the higher-value segments of the European biodiesel market, including eligibility for double counting and the associated incentive mechanisms. This strengthens Greenswitch's position as we advance towards commercial production."

Additional information

Greenswitch has successfully obtained key sustainability certifications from the relevant authorities in Italy for Ferrandina. The approvals include the receipt of both the Italian National Sustainability Certification Scheme ("INS") and International Sustainability and Carbon Certification ("ISCC") certifications, which formally recognise the products as qualifying under the applicable sustainability criteria for advanced renewable fuels. A recent sustainability audit provided independent verification that Greenswitch complies with sustainability requirements and issued a positive recommendation for certification, with no issues identified across the entire processing facility.

The ISCC verifies compliance with applicable European Union sustainability, traceability and greenhouse gas emissions-saving requirements. INS is Italy's national sustainability certification scheme for biodiesel and bioliquids and is particularly relevant to eligibility for Italian double-counting treatment and the associated Certificati di Immissione in Consumo regime.

This enhanced market positioning provides Greenswitch with a significant commercial and strategic advantage through improved marketability of the Company's renewable fuel products and will strengthen ongoing discussions with potential feedstock suppliers, distributors and offtake partners as the Company now moves towards first production.

For further information please visit http://www.80mile.com or contact:

About 80 Mile PLC

80 Mile Plc is listed on London's AIM market under the ticker 80M, the Frankfurt Stock Exchange under the symbol S5WA, and traded on the U.S. OTC Market under the ticker BLLYF. 80M is an exploration and development Company focused on hydrocarbons and high-grade metal projects in Greenland and a biodiesel production facility in Italy. 80 Mile offers both portfolio and commodity diversification focused on hydrocarbons, base and precious metals, while expanding into sustainable fuels and clean energy solutions in Tier 1 jurisdictions. 80 Mile's strategy is centred on advancing key projects while creating value through partnerships and strategic acquisitions.

80 Mile's Jameson Project covers 8,429km² across three licences in East Greenland and represents one of the world's largest remaining untapped gas and liquids-rich basins. An independent 2025 assessment by Sproule ERCE estimated the basin contains 13.03 billion barrels (P10) of recoverable oil, with 80 Mile's retained interest equating to 3.9 billion barrels. In 2025, a milestone agreement with March GL (to be renamed Greenland Energy Co, NASDAQ: GLND) enabled plans for two fully funded 3,500-metre drill holes into the basin.

The Disko-Nuussuaq Project, located in West Greenland, covering a district-scale 3,020km² area. Disko is recognised as a world-class geological setting for copper, nickel, cobalt and PGEs, with potential for a Tier-1 nickel-copper discovery analogous to Siberia's Norilsk Nickel District. The project features multiple walk-up drill targets and which includes seven large, high-priority geophysical anomalies. In late 2025, the Company entered into a JV agreement with USFM Corporation under which USFM will fund US$30 million in drilling-related expenditure, including US$10 million in spring/summer 2026, to accelerate drilling and resource definition at Disko. The funding structure will allow 80 Mile to retain operational leadership during the project's critical early stages.

The Dundas Project, located on Greenland's northwest coast, is recognised by independent bodies as the world's highest-grade ilmenite project and the second largest titanium occurrence globally after Russia. The area hosts high-purity ilmenite, the primary mineral for titanium. Dundas has a JORC-compliant Mineral Resource of 117 million tonnes at 6.1% ilmenite, with further upside highlighted by a late-2024 maiden exploration target of up to 540 million tonnes of additional ilmenite-bearing material. A rsurvey by Geological Survey of Denmark and Greenland further impresses on the prospectivity of the area with an estimate of up to 17 billion tonnes (non-JORC) of pure ilmenite within the broader province. With a completed bankable feasibility study and all exploitation permits in place, the project is positioned as a major near-term revenue opportunity for 80 Mile as the Company seeks development partners.

80 Mile, through 100% ownership of Hydrogen Valley Ltd, is advancing the Greenswitch Ferrandina Plant in Basilicata, Italy. This fully integrated chemical facility is undergoing final maintenance to commence production of biodiesel and Sustainable Aviation Fuel (SAF). Strategically located near the Port of Taranto and within a Special Economic Zone (SEZ), the plant is poised to contribute significantly to Europe's energy transition by producing up to 50,000 tonnes of biodiesel annually, with plans for green hydrogen production. The facility's advanced infrastructure and strategic location underscore 80 Mile's commitment to sustainable energy solutions and regional economic development.