US Market News
3週前
Blue Moon Closes Previously Announced Acquisition of Claims Adjacent to Springer TungstenMay 15, 2026 4:15 PM
PR Newswire (US) TORONTO, May 15, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) successfully closed its previously announced acquisition of 100% interest of certain claims adjacent to Springer (the "WO Claims") from GoldPlay LLC and Robert Schafer (the "Sellers") as described in the press release dated April 28, 2026 (the "Acquisition"). In connection with the closing of the Acquisition, Blue Moon wishes to highlight the following:The Acquisition is at arms' length between the Company and the Sellers with no finders' fees being paid on the Acquisition.The WO Claims consist of nine unpatented mining claims.As part of the Acquisition, Blue Moon issued 188,199 common shares of Blue Moon to the Sellers.As part of the Acquisition, Blue Moon paid US$1 million cash to the Sellers.As part of the Acquisition, Blue Moon granted a gross revenue royalty ("GRR") on the WO Claims, on a sliding scale from 3.0% to 5.0%, in favour of the Sellers, with an option in favour of the Company to buy down the GRR, regardless of which sliding scale is applicable, to 1.5% for a period of 3 years for a cash payment of US$2.0 million.About Blue MoonBlue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper project in the United States. All 5 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS and EU lists of metals critical to the global economy and national security, and germanium and gallium are also on the USGS list of critical metals. Major shareholders include Teck Resources Limited, funds managed by Oaktree Capital Management, Hartree Partners, LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial. More information is available on the Company's website (www.bluemoonmetals.com).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS This news release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable Canadian and United States securities laws. All statements included herein, other than statements of historical fact, may be forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions.Without limiting the generality of the foregoing, this news release contains forward-looking information pertaining to the following: the advancement of Blue Moon's operations across multiple jurisdictions; and other matters ancillary or incidental to the foregoing.A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause the Company's current objectives, strategies and intentions to change. These risks and uncertainties include but are not limited to: the inability of Blue Moon to complete the Acquisition and integrate the WO Claims with the Springer project operations; risks associated with mining operations in Nevada; regulatory and permitting risks at the state and federal level including with respect to the development of the WO Claims; and management's ability to anticipate and manage the factors and risks referred to herein. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov.The forward-looking information is based on certain key expectations and assumptions made by Blue Moon's management, including but not limited to: expectations concerning prevailing commodity prices; the ability to obtain, renew and extend permits as required; estimates of reserves and resources at various sites; and the integration of the WO Claims and the Springer project operations.Any forward-looking information contained in this news release represents management's current expectations and is based on information currently available to management and is subject to change after the date of this news release. Accordingly, the Company warns investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the Company's future results or plans.The Company cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. Except as required by applicable securities laws, the Company is under no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein. View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-moon-closes-previously-announced-acquisition-of-claims-adjacent-to-springer-tungsten-302773801.htmlSOURCE Blue Moon Metals Original: Blue Moon Closes Previously Announced Acquisition of Claims Adjacent to Springer Tungsten
US Market News
1月前
Blue Moon Consolidates Springer Tungsten Claims with Acquisition of Claims from GoldPlay LLC and a Private PartyApril 28, 2026 11:45 AM
PR Newswire (US)
TORONTO, April 28, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that it has entered into an agreement to acquire certain claims adjacent to the Company's Springer Mine (the "Claims"), located in Pershing County, Nevada, USA, from GoldPlay LLC and Robert Schafer (the "Sellers") for consideration of 188,199 common shares of Blue Moon, US$1 million cash and a sliding scale gross revenue royalty ("GRR") on the concessions (the "Acquisition").Christian Kargl-Simard, CEO of Blue Moon states, "Following the acquisition of the Springer Mine and Processing Plant that closed on February 10, 2026 (see press releases from October 14, 2025 and February 10, 2026), this Acquisition bolsters our land position and strategically consolidates claims around the mine. The Company controls the district of the historical claims around the Springer Tungsten deposit."The ClaimsThe Claims consist of nine unpatented mineral claims. The Claims cover a portion of some historically identified veins including the Stank deposit, the O'Byrne deposits and a portion of the Sutton deposit, and have seen high-grade tungsten trioxide drill results such as 1.0m @smallcappro.Springer GeologyAt the Springer Mine, skarn formation and the tungsten mineralization is associated with the emplacement of the Springer Stock and the nearby Stocks. Tungsten bearing calc-silicate assemblages have been formed by contact metasomatism following the intrusion of the Springer Stock. The early stage of skarn formation is characterized by very high temperatures. During that stage tungsten (scheelite), pyrite, chalcopyrite and molybdenite are emplaced proximal to the stock.Transaction TermsBlue Moon is acquiring 100% of the Claims free and clear of all other encumbrances for the following consideration:the issuance by Blue Moon to the Sellers of 188,199 common shares of Blue Moon; andUS$1 million in cash; anda sliding scale GRR, payable on mineral production on the Claims, and subject to an option in favour of Blue Moon to buy down the GRR to 1.5% for a period of 3 years for a cash payment of US$2.0 million.Key condition precedent to completion of the Acquisition is TSXV approval. A purchase and sale agreement has been executed by the parties on April 27, 2026, and completion is expected to happen by early May. No finders' fees are being paid on this Acquisition.Qualified Persons and Technical InformationThe technical and scientific information of this news release has been reviewed and approved by Mr. Lazaros Dalampiras, MAusIMM, CP(Geo), a non-Independent Qualified Person, as defined by NI 43-101. This news release references projects which are nearby or adjacent to the Claims. Mineralization on such nearby or adjacent projects is not necessarily indicative of mineralization on the Claims. The indication of mineralization does not imply a resource.About Blue MoonBlue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper project in the United States. All 5 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS and EU list of metals critical to the global economy and national security and germanium and gallium are also on the USGS list of critical metals. Major shareholders include Teck Resources Limited, funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial. More information is available on the Company's website (www.bluemoonmetals.com).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS This news release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable Canadian and United States securities laws. All statements included herein, other than statements of historical fact, may be forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions.Without limiting the generality of the foregoing, this news release contains forward-looking information pertaining to the following: the completion of the Acquisition, the expected benefits and synergies from the Acquisition; the potential of the Claims the continued testing, exploration, mining and advancement of Blue Moon's operations across multiple jurisdictions;; and other matters ancillary or incidental to the foregoing.A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause the Company's current objectives, strategies and intentions to change. These risks and uncertainties include but are not limited to: the inability of Blue Moon to complete and integrate the Acquisition; risks associated with the integration of Springer project operations; risks associated with mining operations in Nevada; regulatory and permitting risks at the state and federal level including with respect to the development of the Claims; and management's ability to anticipate and manage the factors and risks referred to herein. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov.The forward-looking information is based on certain key expectations and assumptions made by Blue Moon's management, including but not limited to: expectations concerning prevailing commodity prices; the ability to obtain, renew and extend permits as required; estimates of reserves and resources at various sites; and the integration of the Claims and the Springer project operations.Any forward-looking information contained in this news release represents management's current expectations and is based on information currently available to management and is subject to change after the date of this news release. Accordingly, the Company warns investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the Company's future results or plans.The Company cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. Except as required by applicable securities laws, the Company is under no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
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Original: Blue Moon Consolidates Springer Tungsten Claims with Acquisition of Claims from GoldPlay LLC and a Private Party
US Market News
2月前
Blue Moon Metals and Alpha Future Funds S.C.S. Announce Non-Binding Agreement to Combine Holdings in the Sulitjelma Mining District, NorwayApril 21, 2026 7:00 AM
PR Newswire (US)
TORONTO, April 21, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) and Alpha Future Funds S.C.S. ("AFF") are pleased to announce that they have entered into a non-binding letter of intent ("LOI") on April 2, 2026, to combine their wholly-owned subsidiaries, Nye Sulitjelma Gruver AS ("NSG") and VMS Explorations AS ("VMS") into a single entity. AFF is a private fund based in Luxembourg investing in innovative technologies and mining projects.
NSG and VMS hold extraction and exploration permits over the historic Sulitjelma mining district in the Fauske municipality of Norway. The Sulitjelma mine produced over 470 kt copper and 120 koz gold over a 100 year life until 1991 and benefits from excellent existing surface and underground infrastructure ready to be refurbished, including connection to abundant clean hydropower. A 2025 exploration campaign undertaken by VMS also made two new copper-gold discoveries and identified a further 18 drill targets based on a district scale AEM survey.Combining NSG and VMS is expected to allow for an integrated development opportunity prioritizing mining of targeted high-grade zones and centralized haulage and processing to strengthening project economics and streamline advancement toward production.The LOI contemplates up to a four-month period to complete due diligence and negotiate a definitive agreement. Blue Moon and AFF are committed to restart the historic Sulitjelma mining district and re-establish Norway as a hub for metals and mining in Europe.QUALIFIED PERSONSThe technical and scientific information of this news release has been reviewed and approved by Mr. Shawn Crispin, an employee of Orefinder Mining Consultants LLC FZ, and an independent Qualified Person as defined by NI 43-101. This news release references the combined NSG and VMS holdings of the Sultijelma Project.About Blue MoonBlue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper project in the United States. All 5 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS and EU lists of metals critical to the global economy and national security, and germanium and gallium are also on the USGS list of critical metals. Major shareholders include Teck Resources Limited, funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial. More information is available on the Company's website (www.bluemoonmetals.com).About AFFAlpha Future Funds is a regulated Luxembourg-based investment vehicle pursuing a dual technology and mining investment strategy focused on driving innovation across the critical raw materials value chains. The Company invests in a diverse portfolio of mining projects and backs emerging technologies that enhance exploration efficiency, processing recovery and operational sustainability in mining. Alpha Future Funds' owner-operator mining portfolio includes a mix of brownfield and greenfield projects across Norway, Sweden and Finland, spanning copper, zinc, nickel, cobalt, gold, silver and rare earth elements. The Fund has interests in mining projects in the USA, Australia and Argentina. Alpha Future Funds aims to accelerate responsible development, reduce environmental footprint and deliver long-term value to its partners and shareholders. More information is available on the Company's website (www.alphafuturefunds.com).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS This news release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable Canadian and United States securities laws. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to: the proposed transaction contemplated by the non-binding LOI (the "Transaction"); the completion of due diligence; the negotiation and execution of a definitive agreement; the formation of a combined entity; the anticipated structure, timing and terms of the Transaction; the potential benefits of combining the NSG and VMS assets; the ability to advance development and restart mining activities in the Sulitjelma mining district; and future plans, objectives and expectations of the parties constitute forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "target", "intend", "could", "might", "should", "believe" and similar expressions.Forward-looking information contained in this news release is based on management's current expectations, assumptions and estimates as of the date hereof and involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: the ability of the parties to complete due diligence and negotiate a definitive agreement on acceptable terms or at all; the non-binding nature of the LOI and the absence of any obligation on the parties to consummate the Transaction; failure to satisfy conditions precedent to the completion of the Transaction; changes in market or economic conditions; regulatory, permitting and approval risks; operational and technical risks; and other risks described in the Company's public disclosure documents. There can be no assurance that the Transaction will be completed as contemplated, or at all, or that the anticipated benefits of the Transaction will be realized. Accordingly, the Company warns investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the Company's future results or plans.The Company cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. Except as required by applicable securities laws, the Company is under no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
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Original: Blue Moon Metals and Alpha Future Funds S.C.S. Announce Non-Binding Agreement to Combine Holdings in the Sulitjelma Mining District, Norway
US Market News
2月前
Blue Moon to Ring Nasdaq Closing BellApril 20, 2026 9:30 AM
PR Newswire (US)
TORONTO, April 20, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that it will participate in the Nasdaq Closing Bell Ceremony (the "Ceremony") today, April 20, 2026, commencing at approximately 3:45 p.m. Eastern Time. Christian Kargl-Simard, CEO of Blue Moon, will lead the Ceremony alongside other members of the Company's Board of Directors, management team and strategic partners. The ceremony will be broadcast live from the Nasdaq MarketSite Tower in New York, NY. To view the live broadcast, please visit: https://www.nasdaq.com/marketsite/bell-ringing-ceremony.
Blue Moon commenced trading on the Nasdaq Capital Market on January 26, 2026, under the symbol "BMM". Over the last few months, the Nasdaq listing has served to expand the Company's presence in the U.S. market, increasing liquidity and the Company's institutional investor base as Blue Moon advances its U.S. brownfield growth strategy.About Blue MoonBlue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper project in the United States. All 5 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS and EU lists of metals critical to the global economy and national security, and germanium and gallium are also on the USGS list of critical metals. Major shareholders include Teck Resources Limited, funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial. More information is available on the Company's website (www.bluemoonmetals.com).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS This news release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable Canadian and United States securities laws. All statements included herein, other than statements of historical fact, may be forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions.Any forward-looking information contained in this news release represents management's current expectations and is based on information currently available to management and is subject to change after the date of this news release. Accordingly, the Company warns investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the Company's future results or plans.The Company cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. Except as required by applicable securities laws, the Company is under no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
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Original: Blue Moon to Ring Nasdaq Closing Bell
US Market News
2月前
Blue Moon Announces Results of Nussir Project Feasibility StudyApril 16, 2026 6:45 AM
PR Newswire (Canada)
Strong Economic Results, Including Average Annual Free Cash Flow of $77M using Consensus PricesTORONTO, April 16, 2026 /CNW/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce the completion of a feasibility study ("Feasibility Study" or "FS") for its Nussir project ("Project"), located in northern Norway. The Feasibility Study results are supported by an independent technical report (the "Technical Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), which is expected to be filed on SEDAR+ at www.sedarplus.ca within 45 days. The Feasibility Study was commissioned by Blue Moon and carried out by Worley Europe Limited with an effective date of April 14, 2026. The Feasibility Study provides an update to certain previously prepared studies on the Project, including a 2023 study of feasibility prepared in accordance with the Joint Ore Reserves Committee Code (JORC), and the technical report titled "Report 43-101 Technical Report On The Mineral Resources Of The Nussir And Ulveryggen Projects, Norway", dated January 24, 2025 (as amended and restated on September 12, 2025) with an effective date of January 20, 2025, prepared by Adam Wheeler, B.Sc., M.Sc., C.Eng., Eur Ing., FIMMM. This Feasibility Study considers only the underground resource estimate in the Nussir deposit and not the Ulveryggen deposit. All financial figures herein are presented in United States dollars.The Company believes the results of the Feasibility Study confirm the Project's potential as a robust, long-life asset with strong economics, including base case average annual free cash flow of $77 million (and approximately $125 million at spot prices on March 4th, 2026). The FS outlines a 13-year mine life, while the deposit remains open to the west and at depth, providing significant upside potential for future resource growth and mine life extension. The opportunities section as outlined below, shows the economics of adding 5 years to the mine life utilizing 50% of the inferred resources adds 52% to the base case consensus pricing after-tax NPV 8%. The Feasibility Study provides strong support to allow Blue Moon to make a final investment decision and it confirms the timeline to hot commissioning of the process plant is Q3 2027.Highlights:Total measured and indicated resource for Project is 28.72 Mt at 1.20% CuEq grade (see notes in Table 2).Total proven and probable reserve estimate is 24.98 Mt at 0.99% CuEq grade (see notes Table 3).Life of mine is 13 years with nominal mill throughput of 6,000 tonnes per day.Life of Mine (LOM) average annual production of 19 kt of CuEq including an average of 3,600 ounces of gold and 546,000 ounces of silver in the consensus price scenario.LOM total cash costs (net of by-products) of $0.95 per pound of copper and all-in sustaining costs of $2.05 per pound of copper resulting in an all-in sustaining cost cashflow margin of 43% utilizing consensus pricing.After-tax Net Present Value of $235 million (8% discount rate) at a long-term copper price of $4.78 per pound, gold price of $3,515 per ounce and silver price of $45.26 per ounce. At consensus pricing the payable metal mix breakdown is 77% copper, 6% gold and 13% silver.After-tax Internal Rate of Return of 19% for the 13 year mine life and consensus pricing and 31% at spot pricing.Initial capital expenditures of $184 million.Additionally, the Company has advanced the basic engineering for the Project and has placed purchase orders for the long lead equipment required for the process plant (SAG mill, Ball Mill and thickeners). The Company has also purchased the main power transformer for the project to de-risk Project execution schedule. So far, approximately $46.7 million has been spent by Blue Moon on the Project; the decline advance is 1,548 meters as of April 15, 2026, and is expected to be in proximity to the target mineralized material in mid-2026.The FS was completed by Worley Europe Limited ("Worley") with inputs from technical studies completed by other specialist consultants. The FS represents a comprehensive study of the technical and economic viability of the selected development option that demonstrates the extraction of the defined Mineral Reserves is economically viable and can support a positive production decision by the Company.Table 1: Project Economics and Key ParametersCommodity Pricing UnitsConsensus(1)Spot(2)Milling Capacitytpd6,0006,000Mine LifeYears1313LOM Cu Productionkt185185LOM CuEq Productionkt241261LOM Average Cu Production(3)ktpa14.614.6LOM Average CuEq Production(3)ktpa19.019.6Average annual free cash flow(3)US$m$77.2$125Initial Capital CostsUS$m$184$184Sustaining Capital CostsUS$m$495$495LOM C1 Cash Cost (net of by-products)US$/lb$0.95$0.03LOM ASIC (net of by-product credits)US$/lb$2.05$1.14Post-tax NPV (0%)US$m$708$1,322Post-tax NPV (8%)US$m$235$559IRR%19.031.2(1) Consensus pricing assumes: 2028 $5.22/lb Cu, $4,207/oz Au, $61.15/oz Ag; 2029 $5.23/lb Cu, $3,971/oz Au, $55.07/oz Ag; LT $4.78 Cu, $3,515/oz Au, $45.26/oz Ag.(2) Spot prices are based on March 4th, 2026: $5.84/lb Cu, $5,171/oz Au, $84.61/oz Ag(3) The average values are based on average of the years with full productionChristian Kargl-Simard, CEO of Blue Moon states, "The completion of this Feasibility Study update marks yet another significant milestone for our Nussir project and re-affirms the strength and value of this asset and resource. Through our ongoing exploration efforts at Nussir, including 200 m step out holes at over 1 km depth, we believe this will be a generational copper mine, so we believe these results are just the beginning. In addition, due to the strong free cashflow generation of this asset and the equity spent on the Nussir Project to date, there is significant financing flexibility on the types of sources for the remaining capital costs."MINERAL RESOURCES ESTIMATE ("MRE")The Mineral Resources used as the basis for the FS study are summarized below.Table 2: Mineral Resource StatementJanuary 20, 2025 (amended and restated September 12, 2025)ClassificationTonnes(millions)Cu Grade(%)Au
Grade
(g/t)Ag Grade(g/t)Cu Eq Grade(%)Measured2.691.080.1812.81.31Indicated26.031.010.1112.31.19Measured & Indicated28.721.020.1212.31.20Inferred31.991.010.1414.61.23Notes:1.CIM 2014 Definitions Standards were followed for classification of Mineral Resources.2.A minimum mining width of 2.0 m was applied in making the resource estimate constraint wireframes. These wireframes were generated using a preliminary MSO.3.Density values for Nussir were estimated from density sample values or assigned default average values where insufficient samples occur nearby.4.MRE constraint wireframes were generated for a cut-off grade of 0.30% Cu, related to potential underground mining.5.Metal prices assumed for this MRE were US$4.20/lb Cu, US$27.00/oz Ag and US$2,200/oz Au, which are consistent with long-term consensus metal pricing.6.CuEq Grade=Cu Grade+0.00781*Ag_Grade+0.740*Au Grade7.Metallurgy recovery assumptions were 96% Cu, 80% Ag and 93% Au, which stem from SGS metallurgical test work completed in 2022.8.The cut-off grade of 0.30% Cu was derived from the price and recovery values above, as well as a smelter payability of 97.3% and an assumed total operating cost $26.20/t of ore.9.Rounding may result in apparent summation differences between tonnes, grades and metal content; not considered material.10.Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. CIM Definition Standards were followed for classification of Mineral Resources.11.Mineral Resources shown are inclusive of Mineral Reserves.12.Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.MINERAL RESERVES ESTIMATE The tonnage, grades, and classification of the Total Mineral Reserves captured within the FS Mine Plan are summarized below.Table 3: Mineral ReservesClassificationTonnes
(millions)Cu Grade(%)Au Grade(g/t)Ag Grade(g/t)Cu Eq Grade
(%)Proven2.640.800.1310.151.01Probable22.340.810.0910.360.99Proven & Probable24.980.810.0910.340.99Notes:1.Above Reserves estimate follows CIM (2019) MRMR Best Practice Guidelines including CIM Definition Standards for classification.2.Mining methodology is long hole open stope with minimum mining width of 3 m and mining recovery of 95% applied.3.Dilution applied to stopes using ELOS method correlated with geotechnical conditions.4.Reserves are based on copper price of $9,034 per tonne, gold price of $2,487/oz and silver price of $26.58/oz.5.In-Situ NSR Cut off is $35.43/t with an incremental cut-off value of $21.03/t.6.Copper recovery is 96%, gold is 84% and silver is 95%.7.Concentrate treatment cost is $75 per dry metric tonne.8.Refining costs are $0.075/lb for copper, $5.00/oz for gold and $0.45 /oz for silver.9.Freight is $54.50 per wet metric tonne and zero emission premium of $2.50 per wet metric tonne.10.Numbers presented in this table may not add up to the totals provided due to rounding.MINING AND PROCESSINGThe mining method used for the FS is Long Hole Open Stoping (LHOS) method with ribs and sill pillars to consistently sustain the production and mill throughput design rate. Required infrastructure to support the mine operation have been included in the design, including materials handling equipment. Trucking and mobile equipment have been optimized in the mine design along with implementation of conveyors for both crushed ore and waste.Underground mobile crushers are utilized followed by a grinding circuit including a semi-autogenous grinding (SAG) mill and a ball mill located on surface prior to flotation. The flotation concentrate is filtered using a plate and frame pressure filter and stored in a storage warehouse prior to shipping through the existing and operational port and ship loaders. The mine and process facility will be powered by an existing 132 kV power line. Fresh water requirements for the process plant and the mine will be provided from an existing water dam using an existing buried pipeline. A water treatment plant has been included to treat the underground mine water to a quality suitable for reuse within the processing plant, thereby reducing demand for freshwater abstraction from the water reservoir and to treat the excess mine water to a quality suitable for controlled discharge during upset conditions (e.g. processing plant shutdowns or maintenance), in accordance with applicable Norwegian and EU environmental standards.ENVIRONMENTAL AND PERMITTING The primary permits required for mining projects in Norway have been obtained. These permits include an Extraction Permit for state-owned minerals (under the Minerals Act 2009), an approved Zoning Plan revision of the municipal land use plan to include the proposed mining area (under the Planning and Building Act), a Discharge Permit (under the Pollution Control Act) and an Operating License (under the Minerals Act). The Project has also obtained certain secondary approvals, including an approved Mine Waste Management Plan for the exploration decline development and a Baseline Marine Monitoring Plan that allows for further marine baseline studies in Repparfjord. Additional secondary permits are in progress and are proceeding in the normal course.PROJECT TIMELINEA project execution plan and target schedule have been developed as part of the Feasibility Study to outline the durations and key activities for achieving commercial production at the Project. The Project schedule defined the construction completion of October 2027, hot commissioning starting August 2027 and start of production December 2027.Table 4: Project TimelineMilestoneTarget DateEPC Contract AwardMay 2026First Concrete Pour Mill BuildingJuly 2026Mechanical CompletionOctober 2027Start of No-Load CommissioningMarch 2027Start of System Handover to OperationApril 2027Start of Production and Ramp-upDecember 2027Final CertificationMarch 2028ECONOMIC IMPACTThe Company expects the Project to generate significant economic benefits at both the local and national levels. At peak construction, the Company expects to employ, directly or indirectly, approximately 200 personnel, and approximately 100 personnel during commercial production operations, with indirect employment estimated at two to three times these levels through supporting industries and services.The Company is implementing strategies to maximize the number of long-term employees residing locally, which is expected to provide a sustained boost to the regional economy and support the creation of additional long-term indirect employment associated with population growth.Based on the assumptions used in the Feasibility Study and applying current Norwegian fiscal regimes, the Project is expected to generate substantial government revenues over its life. Using long-term consensus commodity prices, life-of-mine Norwegian government royalties are estimated at approximately $18 million, with corporate taxes of approximately $275 million, for total government revenues of approximately $293 million.At spot commodity prices, life-of-mine Norwegian government royalties are estimated at approximately $25 million, with corporate taxes increasing to approximately $365 million, for total government revenues of approximately $390 million over the life of the Project.Opportunity CaseThe FS reserve estimate excludes inferred material from the resource estimate. The potential conversion of this inferred material supports the opportunity case and showcases the potential of the life of mine extension to 17 years, considering the same production throughput.Table 5: Opportunity Case(1) Economics and Key ParametersCommodity PricingUnitsConsensus(2)Spot(3)Milling Capacitytpd6,0006,000Mine LifeYears1717LOM Cu Productionkt294294LOM CuEq Productionkt386420LOM Average Cu Production(4)ktpa16.016.0LOM Average CuEq Production(4)ktpa20.922.8Average annual free cash flow(4)US$m$82.3$137Initial Capital CostsUS$m$184$184Sustaining Capital CostsUS$m$741$741LOM C1 Cash Cost (net of by-products)US$/lb$0.75$0.23LOM ASIC (net of by-product credits)US$/lb$1.83$0.85Post-tax NPV (0%)US$m$1,332$2,350Post-tax NPV (8%)US$m$358$784IRR%19.631.1(1) Opportunity case includes additional inferred resources (using 50% conversion rate) that are considered too speculative geologically to have been categorized as reserves. (2) Consensus pricing assumes: 2028 $5.22/lb Cu, $4,207/oz Au, $61.15/oz Ag, 2029 $5.23/lb Cu, $3,971/oz Au, $55.07/oz Ag, LT $4.78 Cu, $3,515/oz Au, $45.26/oz Ag.(3) Spot prices are based on March 3rd, 2026: $5.84/lb Cu, $5,171/oz Au, $84.61/oz Ag(4) The average values are based on average of the years with full productionQUALIFIED PERSONSThe FS was prepared by both Worley Europe Limited ("Worley") Qualified Persons (QP's) (as defined under NI 43-101), and Mr. Adam Wheeler. Worley's Qualified Persons and Mr. Adam Wheeler are independent of Blue Moon Metals and have reviewed and approved this news release. Chris Hughes-Narborough, Martin Prior, Roy R. Levesque, Susan Abell and Lumin Ma were engaged by Worley and are independent of the Company. The affiliation and areas of responsibility for each Qualified Person involved in preparing the FS, upon which the technical report will be based, are provided below.Chris Hughes-Narborough (Worley QP), Institute of Materials, Minerals and Mining (IMMM) – Chapters 13 and 17Martin Prior (Worley QP), Fellow (FSAIMM), ECSA – Chapters 1-5, 18, 19, 21,22, 24, 25, 26, and 27Roy R. Levesque (Worley QP), P.Eng. – Chapters 15 and 16Lumin Ma (Worley QP), Ph.D, P.Eng – Sections 1.8, 16.3, 26.4, and Chapter 27Adam Wheeler (independent contractor), Mining Consultant, C. Eng, Eur Ing, FIMMM, Exploration, geological setting, deposit – Chapters 6-12, 14, and 23Susan Abell (Worley QP), Professional Scientist registered with the South African Council for Natural Scientific Professions – Chapter 20The technical and scientific information of this news release has also been reviewed and approved by Mr. Reza Ehsani, P.Eng., a Blue Moon Officer, and a non-Independent Qualified Person, as defined by NI 43-101.About Blue MoonBlue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States, and the Apex gallium, germanium, copper, and silver project in United Staes. All 5 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper, tungsten, gallium, and germanium are currently on the USGS and EU list of metals critical to the global economy and national security. Major shareholders include funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial. More information is available on the Company's website (www.bluemoonmetals.com).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY STATEMENT REGARDING ESTIMATES OF MINERAL RESOURCESThis news release uses the terms measured, indicated and inferred Mineral Resources as a relative measure of the level of confidence in the Mineral Resource estimate. Readers are cautioned that Mineral Resources are not Mineral Reserves and that the economic viability of resources that are not Mineral Reserves has not been demonstrated. The Mineral Resource estimate referenced in the Technical Report and summarized in this news release may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other relevant issues. Mineral Resources in the Technical Report are reported using the 2014 CIM Definition Standards and were estimated in accordance with the CIM 2019 Best Practices Guidelines, as required by NI 43-101. Under NI 43-101, estimates of inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies or economic studies except for preliminary economic assessments. Readers are cautioned not to assume that further work on the stated Mineral Resources will lead to Mineral Reserves that can be mined economically.CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTSThis news release contains "forward-looking information" under applicable Canadian securities legislation. Except for statements of historical fact relating to the Company, information contained herein constitutes forward-looking information, including, but not limited to, any information as to the Company's strategy, objectives, plans or future financial or operating performance. Forward-looking statements are characterized by words such as "plan", "expect", "budget", "target", "project", "intend", "believe", "anticipate", "estimate" and other similar words or negative versions thereof, or statements that certain events or conditions "may", "will", "should", "would" or "could" occur. In particular, forward-looking information included in this news release includes, without limitation, statements with respect to the Company's expectations in connection with the production, development and expansion plans at the Project being met; the Company's expectations relating to the performance of the Project; the estimation of Mineral Reserves and Mineral Resources; the timing and amount of estimated future production; the estimation of the LOM of the Project; the timing and amount of estimated future capital and operating costs; the costs and timing of development activities (including the estimated timing of achieving the development milestones set out above); the effect of government regulations (or changes thereto) with respect to restrictions on production, export controls, income taxes, royalties, equity interests, expropriation of property, repatriation of profits, environmental legislation, land use, water use, land claims of local people, mine safety and receipt of necessary permits; the Company's community relations in the locations where it operates and the further development of the Company's social responsibility programs; and the Company's outlook and guidance.Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including the assumptions, qualifications and limitations relating to the Feasibility Study (including, but not limited to, the Mineral Resources, Mineral Reserves, production profile, mine design and project economics); the ability and timing of the Company to publish and file the Technical Report; the Company being construction and operation ready and the timing for the commencement of construction activities; the ability and timing of the Company to reach a formal positive final investment decision in respect of the Project; the ability and timing of the Company to secure a project financing package to fund construction activities at the Project and the terms of such financing; the impact and potential of the Project on shareholders, the surrounding community and other stakeholders; the ability to successfully engage and collaborate with stakeholders; the ability to engage with and manage the activity of those groups opposed to the development the Project; sustainability and environmental impacts of operations at the Project; Mineral Resource category conversion; the timing and status of any additional required permits or amendments thereto, or other regulatory approval requirements; the future development and operations at the Project; the capital resources available to the Company; the ability of the Company to execute its planned activities, including as a result of its ability to seek additional funding; management's perceptions of historical trends, current conditions and expected future developments; the ability and timing for the Project to reach commercial production (if at all); the expected cash flow (and underlying assumptions) in respect of the Project; the results (if any) of further exploration work to define and expand Mineral Resources; the ability of exploration work (including drilling) to accurately predict mineralization; the ability of the Company to expand Mineral Resources beyond current Mineral Resource estimates and to convert some or all of these Mineral Resources to higher categories of Mineral Resources or to Mineral Reserves; the ability for the Company to expand throughput or increase production at the Project; the ability of the Company to discover additional deposits within the Project area; the ability of the Company to complete its development objectives for the Project in the timing contemplated and within expected costs (if at all); the ability to adapt to changes in gold, silver, copper and other commodity prices, estimates of costs, including the cost and availability of energy resources required to develop and operate the Project given the disruptions to regular traffic flow through the Strait of Hormuz, estimates of planned development expenditures; the ability of the Company to obtain further capital on reasonable terms (if at all); the profitability (if at all) of the Company's operations; the availability of additional optimization opportunities at the Project and the impact thereof on project economics; as well as other considerations that are believed to be appropriate in the circumstances. Material assumptions also include, assumptions and qualifications underlying the Feasibility Study, management's perceptions of historical trends, management's understanding of the permitting process and status thereof, the ability of exploration (including drill results and chip sampling, face sampling results, and geophysics) to accurately predict mineralization; budget constraints and access to capital on terms acceptable to the Company, current conditions and expected future developments, regulatory framework remaining defined and understood, the ability to engage with and manage the activities of those groups opposed to the development of the Project, results of further exploration work to define or expand any Mineral Resources, gold, silver and/or copper prices, the costs required to advance the Project to construction, the results of Feasibility Study as an indicator of quality and robustness of the Project, as well as other considerations that are believed to be appropriate in the circumstances.The Company considers its assumptions to be reasonable based on information currently available, but cautions the reader that their assumptions regarding future events, many of which are beyond the control of the Company, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect the Company and its business. Such risks and uncertainties include, among others, risks relating to third-party approvals, including the issuance of permits by the government, capital market conditions and the Company's ability to access capital on terms acceptable to the Company for the contemplated development of the Project; counterparty, credit, liquidity and risks related to the Company's ability to service its debt obligations; regulatory framework and presence of laws and regulations that may impose restrictions on mining; the ability of exploration activities (including drill results and chip sampling, and face sampling results) to accurately predict mineralization; errors in management's geological modelling; the timing and ability of the Company to obtain and maintain required approvals and permits; risks relating to the development, construction and start-up of new mines and mining activities, including but not limited to health, safety and environmental risks and hazards to which the Company's operations are subject, adverse environmental and climatic conditions, unusual and unexpected geologic conditions, equipment failures, the availability and performance of contractors and suppliers, and cost overruns; the global economic climate (including with respect to the cost and availability of energy resources required to develop and operate the Project given the disruptions to regular traffic flow through the Strait of Hormuz); title disputes or claims; the disruption of development or operating activities by groups opposed to the development of the Project; risks relating to the termination of mining rights; risks relating to security and human rights; risks associated with processing and metallurgical recoveries; risks related to enforcing legal rights in foreign jurisdictions; competition in the mining industry; increases in costs of production, such as fuel, steel, power, labour and other consumables; metal and commodity prices; fluctuations in the currency markets (including the United States Dollar, Canadian Dollar and Norwegian Krone exchange rates); the Company's dependence on key management personnel and executives; dilution; and community, non-governmental and governmental actions and the impact of stakeholder actions. Readers are urged to consult the disclosure provided under the heading "Risk Factors" in the Company's annual information form for the year ended December 31, 2024 as well as the financial statements and MD&A for the year ended December 31, 2024, which have been filed on SEDAR+ (www.sedarplus.ca) under Blue Moon's issuer profile, for further information regarding the risks and other factors facing the Company, its business and operations. Although the Company's believes the expectations conveyed by the forward-looking statements are reasonable based on information available as of the date hereof, no assurances can be given as to future results, levels of activity and achievements. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. Forward-looking statements are not guarantees of performance and there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
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Original: Blue Moon Announces Results of Nussir Project Feasibility Study
US Market News
2月前
Blue Moon Announces Initial Deep Drilling Step-Out Results from Nussir, Supplemented with Increased Resource Confidence from Infill DrillingApril 15, 2026 4:56 PM
PR Newswire (US)
TORONTO, April 15, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM), is pleased to announce significant progress from its Q1-2026 drilling activities at its Nussir Copper-Gold-Silver Project in Norway. The program, consisting of deep navigational step-out drilling and surface infill drilling, is intended to support ongoing geological evaluation. The deep directional drilling aims to expand the currently known deep mineralization, targeting 1.2 km deep high-grade intercepts to the west, whilst the shallow infill program in the east is focused on the resource to be initially exploited by mining.HIGHLIGHTSIn Q1-2026, two daughter holes were successfully completed from the mother hole NUS-DD-14-001, which previously returned 9.7 meters (7.4 meters true width) grading 0.93% Cu, 0.28 g/t Au, 11.5 g/t Ag and 1.22% CuEq1 in 2014:NUS-DD-1401-02 intersected the target at 1,166.5 meters as a 200 meter step-out hole resulting in 1.75% Cu, 0.16 g/t Au and 27.91 g/t Ag (2.08% CuEq1) over 6.7 meters; andNUS-DD-1401-03A subsequently returned 0.86% Cu, 0.16 g/t Au and 27.75 g/t Ag (1.19% CuEq1) over 3.0 meters following an intersection at 1,120.7 meters, also as a 200 meter step-out hole.
1See Table 1 for metal equivalency formulaCompletion of the second mother hole NUS-DD-26-07 which itself successfully intercepted deep mineralization resulting in a 6.85 meter section of mineralized material, coherent with the current Nussir resource. Assay results are expected later in Q2.The deep mineralization to the West remains open at depth and along strike.100% success rate for intersecting the known mineralization in the surface infill program:1,477 meters completed of the planned 3,000-meter program designed to increase the measured resource;NUS-DD-26-05 and NUS-DD-26-06 highlight mineralization in a previous void in the current mineral resource estimate ("MRE"), resulting from a formerly unconstraint fault; andThe program has also supported the presence of suspected mineralization in the parallel zone located some 60 meters above the known resource. Blue Moon eagerly awaits results from the program expected in Q2.Newly discovered, unsampled historical drill holes that intersect the current target horizon. The 2 holes were found to be stored at NGU's Løkken core storage facility.The VP Exploration of Blue Moon, Theodore Veligrakis, stated: "Drilling and delineation of deep, distal targets is important to Blue Moon's mission at the Nussir project with the aim of showing that Nussir is a multi-generational mine, and one of the most important copper mines in Europe. This highlights the company's deep-rooted, long-term commitment to expanding the project's resource and geological understanding; not just concentrating on the material outlined for immediate mining. Coupling this ability to confirm future resources with targeted infill programs is resulting in a truly exciting time for the Nussir Project. Few projects in the world would deliver successive successful 200 m step out holes at over 1 km depth. The team continues to strive for the project to benefit from a strong backbone of mine reserves complimented by a significant mineral resource, all underpinned with quality geological data."DEEP NAVIGATIONAL DRILLING PROGRAMAiming to expand the current mineral resource inventory at Nussir, the deep drilling program aided by Devico's navigational drilling techniques, is centered around the high-grade intercept of 9.7 meters at 1.22% CuEq in hole NUS-DD-14-001. The 6 targets, each designed to bridge the 650-meter gap between this known high-grade intercept and the current MRE, follow up on the exploration target outlined in the NI 43-101 Technical Report by Adam Wheeler. Note that the potential quantity and grade of this exploration target is conceptual in nature, there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource."The Nussir deposit is open to the west and to depth. In particular, the current limit of Inferred resources excludes the influence of three deep drillhole intersections, because they are excessively distant to the grid of holes above. The block of material around these deeper intersections therefore represents an exploration target, with a tonnage between 8.5 Mt and 16.5 Mt, and a Cu grade between 0.7 and 1.3% Cu, between 9 and 17g/t Ag, and 0.1 to 0.15 g/t Au." Adam Wheeler, Technical Report on the Mineral Resources of the Nussir and Ulveryggen Projects, Norway, January 2025 (amended and restated in Sept 2025).Of the three daughter holes from the first mother hole, two resulted in successful intercepts whilst one hole was abandoned due to technical difficulties prior to the anticipated mineralized zone. The recently completed NUS-DD-26-07, itself yielding an intercept of 6.85 meters of mineralization from the target horizon, will act as a mother hole for the following two targets.This program, along with the ongoing infill drilling, is expected to provide extensive structural data for the Nussir deposit given Blue Moon's commitment to solely produce orientated drill core. In the western section of the deposit, historical programs have not always been completed with orientated drilling techniques. Relogging of historical core, coupled with this new orientated data, will aid the onsite team's structural appreciation of the deposit.SAMPLING and QAQCDrill cores currently produced on the site are in both NQ and HQ diameters; the phase 1 infill program is currently being drilled in HQ for greater sample yield for upcoming metallurgical test work. This resulting HQ drill core will be sampled with half sawn core for metallurgical test work and quarter core for multi-element analysis. The NQ drill core, produced from all other programs, will have half core samples for multi-element analysis. The remaining half and quarter core will be retained by Blue Moon for future reference.Starting March 2026, Blue Moon's samples from Q1 drilling have been shipped and delivered to ALS Piteå in Sweden. Such material has also been complimented by previously unsampled, mineralized material, from historical drill cores stored at The Geological Survey of Norway's drill core archive at Løkken. Samples are prepared at ALS Piteå before being shipped to ALS's facility in Ireland where they are subjected to fire assay and multi-element analysis (currently ME-ICP61 & PGM-ICP24). The ALS laboratory in Piteå maintains ISO 17025 accreditation via SWEDAC.Sample size is stipulated to be 1 meter, while acknowledging boundaries such as lithological contacts. The current procedure is to sample 15 meters either side of known and visual mineralization. QAQC samples, in the form of sample blanks, duplicates and certified reference materials (CRM) are currently inserted every 8th sample, equating to an insertion rate of 12.5%. Duplicates are quarter core whilst CRM material, closely matched to the Nussir mineralization, is supplied from OREAS.MINERALIZATION AT NUSSIRThe Cu–Ag–Au mineralization at the Nussir deposit is characterized as stratiform due to exceptional lateral continuity and grade homogeneity. It is hosted within a dolomitic horizon of the fine-grained siliciclastic Gorahatjohka Formation, located in the Paleoproterozoic Repparfjord Tectonic Window. The mineralized horizon extends laterally for more than 10 km and remains open at depth.The primary Cu–Ag–Au mineralization consists predominantly of chalcocite, with subordinate bornite–chalcopyrite assemblages. In the sedimentary host, the mineralization, likely originally emplaced as fine-grained chalcocite, occurs both as disseminations within the dolomitic matrix and as later vein- and fracture-hosted phases.The dolomitic horizon appears to have acted as a mechanically favorable detachment level, accommodating minor thrusting. This interpretation is supported by the presence of quartz-calcite shear zones, frequently mineralized, consistently developed along the hanging wall of the mineralized horizon. In some areas, the original dolomitic horizon is no longer preserved, and mineralization is instead confined to calcitic shear zones within the surrounding schists. This suggests that the primary-early diagenetic mineralization also served as a structurally controlled pathway for subsequent metamorphic remobilization and local enrichment of Cu sulfides. This overprint is interpreted to have occurred under upper greenschist to lower amphibolite facies conditions.Geochemically, distinct Ag/Cu ratios are observed where primary mineralization is preserved. In contrast, zones affected by metamorphic remobilization, characterized by fracture-controlled chalcopyrite and bornite mineralization in footwall and hanging wall, show a decoupling of Cu and Ag. In addition, this metamorphic overprint is typically enriched in Au and may locally exhibit elevated PGE concentrations.QUALIFIED PERSONS The technical and scientific information of this news release has been reviewed and approved by Mr. Lazaros Dalampiras, MAusIMM, CP(Geo), Blue Moon's Head of Mineral Resources, and a non-Independent Qualified Person, as defined by NI 43-101.About Blue MoonBlue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper project in the United States. All 5 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS and EU list of metals critical to the global economy and national security and germanium and gallium are also on the USGS list of critical metals. Major shareholders include Teck Resources Limited, funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial. More information is available on the Company's website (www.bluemoonmetals.com).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTSThis news release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable Canadian and United States securities laws. All statements included herein, other than statements of historical fact, may be forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions.This news release contains forward-looking information, pertaining to, among other things, the advancement by the Company of multiple projects across jurisdictions. The Company cautions that all forward-looking information is inherently subject to change and uncertainty and that actual events, results and performance may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause the Company's current objectives, strategies and intentions to change. These risks and uncertainties include but are not limited to: the risk that exploration activities will not result in finding economically viable mineralization; uncertainties inherent in exploration and drilling, including geological, technical, and metallurgical risks; inaccurate or incomplete geological models or interpretations; operational risks such as equipment failure, contractor performance, accidents; environmental, health and safety risks; adverse weather or seasonal access constraints; changes in laws, regulations, or government policies; community or stakeholder opposition; fluctuations in commodity prices and currency exchange rates; cost overruns; and risks related to the availability of capital and financing. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov.Any forward-looking information contained in this news release represents management's current expectations and are based on information currently available to management and are subject to change after the date of this news release. Accordingly, the Company warns investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the Company's future results or plans.The Company cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. The Company is under no obligation (and expressly disclaims any intention or obligation) to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
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Original: Blue Moon Announces Initial Deep Drilling Step-Out Results from Nussir, Supplemented with Increased Resource Confidence from Infill Drilling
US Market News
2月前
Blue Moon Metals Closes Previously Announced Acquisition of the Gage Project Located in Washington County, Southern Utah and Appoints Reza Ehsani as Senior Vice President, ProjectsApril 2, 2026 7:00 AM
PR Newswire (US)
TORONTO, April 2, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) successfully closed its previously announced acquisition of the Gage Project (the "Gage Project"), located in Washington County, Southern Utah, USA, from Liberty Gold USA Inc. ("Liberty Gold USA") a subsidiary of Liberty Gold Corp. ("Liberty Gold") as described in the press release on March 18, 2026 (the "Acquisition").
In connection with the closing of the Acquisition, Blue Moon wishes to highlight the following:The Acquisition is at arms' length between the Company and Liberty Gold USA with no finders fees being paid on the Acquisition.The Gage Project consists of 181 unpatented mining claims located on Bureau of Land Management lands and two Utah School and Institutional Trust Lands Administration ("SITLA") leases, for a total area of 5,916 hectares.As part of the Acquisition, Blue Moon issued 420,935 common shares of Blue Moon to Liberty Gold.As part of the Acquisition, Blue Moon assumes a 4.0% production royalty in respect of the SITLA leases for non-fissionable materials mined which increases to 8.0% for fissionable materials.As part of the Acquisition, Blue Moon granted a 2.0% net smelter returns royalty on mineral production from the claims in the Gage Project, excluding the land subject to SITLA leases, in favour of Liberty Gold USA, with an option in favour of the Company to repurchase 1.0% of the NSR at any time prior to achieving commercial production for a cash payment of US$2 million.Appointment of Reza Ehsani to Senior Vice President, ProjectsThe Company is pleased to announce the appointment of Reza Ehsani as Senior Vice President, Projects. Mr. Ehsani has been with the Company over the past year, where he has played a key role in advancing the Company's project portfolio and supporting critical development initiatives. Mr. Ehsani is a seasoned project executive with over 29 years of experience across the mining and metals, oil and gas, and infrastructure sectors. He has led the delivery of complex projects from early-stage studies through EPCM and construction, managing large, multidisciplinary teams. His experience spans project execution, contract negotiation, stakeholder and regulatory engagement, and full lifecycle cost and risk management."We are pleased to announce Mr. Ehsani's appointment to Senior Vice President, Projects," said Christian Kargl-Simard, CEO of Blue Moon. "Over the past year, Reza has been instrumental in advancing our project pipeline, and this appointment reflects both his contributions to date and the critical role he will continue to play as we move into the next phase of development. His technical expertise and execution-focused approach will be key as we progress our projects toward construction and operations."About Blue MoonBlue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper project in the United States. All 5 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS and EU list of metals critical to the global economy and national security and germanium and gallium are also on the USGS list of critical metals. Major shareholders include Teck Resources Limited, funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals Corp, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial AS. More information is available on the Company's website (www.bluemoonmetals.com).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTSThis news release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable Canadian and United States securities laws. All statements included herein, other than statements of historical fact, may be forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions.Without limiting the generality of the foregoing, this news release contains forward looking information pertaining to the following: the expected benefits and synergies from the Acquisition; the potential of the Gage Project; the continued testing, exploration, mining and advancement of Blue Moon's operations across multiple jurisdictions; the contributions of the executive team of the Company and other matters ancillary or incidental to the foregoing.A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause the Company's current objectives, strategies and intentions to change. These risks and uncertainties include but are not limited to: risks associated with the integration of the Gage Project operations; risks associated with mining operations in Utah; regulatory and permitting risks at the state and federal level including with respect to the development of the Gage Project; and management's ability to anticipate and manage the factors and risks referred to herein. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov.The forward-looking information is based on certain key expectations and assumptions made by Blue Moon's management, including but not limited to: expectations concerning prevailing commodity prices; the ability to obtain, renew and extend permits as required; estimates of reserves and resources at various sites; and the integration of the Gage Project operations.Any forward-looking information contained in this news release represents management's current expectations and is based on information currently available to management and is subject to change after the date of this news release. Accordingly, the Company warns investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the Company's future results or plans.The Company cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. Except as required by applicable securities laws, the Company is under no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
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Original: Blue Moon Metals Closes Previously Announced Acquisition of the Gage Project Located in Washington County, Southern Utah and Appoints Reza Ehsani as Senior Vice President, Projects
US Market News
3月前
Blue Moon Consolidates Apex Germanium and Gallium District with Acquisition of Gage Properties from Liberty GoldMarch 18, 2026 7:00 AM
PR Newswire (Canada)
TORONTO, March 18, 2026 /CNW/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that it has entered into an agreement to acquire the Gage Project (the "Gage Project"), located in Washington County, Southern Utah, USA, from a subsidiary of Liberty Gold Corp. ("Liberty Gold") for consideration of 420,935 common shares of Blue Moon and a 2.0% net smelter return royalty ("NSR") on certain concessions (the "Acquisition").Christian Kargl-Simard, CEO of Blue Moon states, "Post the acquisition of the Apex Mine from Teck Resources that closed on March 16, 2026 (see press releases from February 27 and March 16), this Acquisition bolsters our land position around the mine and control of what we believe to be the most important germanium and gallium district in North America. The Gage Project contains similar style breccia pipes as at the Apex Mine, which hosts the only historic primary germanium and gallium mine in the western world."The Gage ProjectThe Gage Project consists of 181 unpatented mining claims located on Bureau of Land Management lands and two Utah School and Institutional Trust Lands Administration ("SITLA") leases, for a total area of 5,916 hectares. The lands are located along a north-west trending critical metals belt greater than 5 kilometers in length (covering 5 historic mines and over 20 previously identified critical minerals prospects) and surround the Apex Mine.The district is considered highly prospective for modern exploration and discovery, including alteration mapping, regional geophysical surveys and drill-testing at depth. No modern exploration has been conducted on the other mapped breccia pipes (10 mapped) or regional prospects (9 mapped), in addition to numerous other areas not yet discovered. Previous drilling (1980, Musto) was focused on only a 600-foot vertical section of a single breccia pipe, and it is estimated that up to 10 pipes may be present, with many more regionally.Transaction TermsBlue Moon is acquiring 100% of the Gage Project free and clear of all other encumbrances, except for a 4% royalty in respect of the SITLA leases, for the following consideration:the issuance by Blue Moon to Liberty Gold of 420,935 common shares of Blue Moon; anda 2.0% NSR, payable on mineral production on the Gage Project, excluding land subject to SITLA leases, and subject to an option in favour of Blue Moon to repurchase 1.0% of the NSR at any time prior to achieving commercial production for a cash payment of US$2 million.Key condition precedent to completion of the Acquisition is TSXV approval. A purchase and sale agreement has been executed by Liberty Gold and Blue Moon on March 18, 2026, and completion is expected to happen by the end of March. No finders' fees are being paid on this Acquisition.Qualified Persons and Technical InformationThe technical and scientific information of this news release has been reviewed and approved by Mrs. Boi Linh Doig, P.Eng., a Blue Moon Officer, and a non-Independent Qualified Person, as defined by NI 43-101. This news release references projects which are nearby or adjacent to the Gage Project. Mineralization on such nearby or adjacent projects is not necessarily indicative of mineralization on the Gage Project.About Blue MoonBlue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper project in the United States. All 5 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS and EU list of metals critical to the global economy and national security and germanium and gallium are also on the USGS list of critical metals. Major shareholders include Teck Resources Limited, funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial. More information is available on the Company's website (www.bluemoonmetals.com).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS This news release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable Canadian and United States securities laws. All statements included herein, other than statements of historical fact, may be forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions.Without limiting the generality of the foregoing, this news release contains forward-looking information pertaining to the following: the completion of the Acquisition, the expected benefits and synergies from the Acquisition; the potential of the Gage Project; successful exploration, testing and advancement of the Gage Project; the continued testing, exploration, mining and advancement of Blue Moon's operations across multiple jurisdictions; mineral price expectations; and other matters ancillary or incidental to the foregoing.A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause the Company's current objectives, strategies and intentions to change. These risks and uncertainties include but are not limited to: the inability of Blue Moon to complete and integrate the Acquisition; risks associated with the integration of Apex project operations; risks associated with mining operations in Utah; regulatory and permitting risks at the state and federal level including with respect to the development of the Gage Project; and management's ability to anticipate and manage the factors and risks referred to herein. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. The forward-looking information is based on certain key expectations and assumptions made by Blue Moon's management, including but not limited to: expectations concerning prevailing commodity prices; the ability to obtain, renew and extend permits as required; estimates of reserves and resources at various sites; and the integration of the Gage Project and Apex project operations.Any forward-looking information contained in this news release represents management's current expectations and is based on information currently available to management and is subject to change after the date of this news release. Accordingly, the Company warns investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the Company's future results or plans.The Company cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. Except as required by applicable securities laws, the Company is under no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
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Original: Blue Moon Consolidates Apex Germanium and Gallium District with Acquisition of Gage Properties from Liberty Gold
US Market News
3月前
Blue Moon Closes the Purchase of the Apex Germanium and Gallium Mine from TeckMarch 16, 2026 6:45 AM
PR Newswire (US)
TORONTO, March 16, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that we have closed the acquisition of the Apex Mine (the "Property") from Teck American Incorporated, a subsidiary of Teck Resources Limited ("Teck") (the "Transaction"). The Transaction was previously announced on February 27, 2026. Teck has been issued 7,031,959 common shares of Blue Moon representing 8.0% of Blue Moon's issued and outstanding common shares on an undiluted basis. Blue Moon has received TSX-V approval for the Transaction.
In connection with the closing of the Transaction, Blue Moon wishes to highlight the following:The Transaction is at arms' length between Teck and the Company and no finders fees are being paid on the Transaction.The Apex mine consists of 24 patented claims (rather than 26 indicated in the February 27, 2026 press release), and 9 unpatented claims.As part of the Transaction, Blue Moon is granting a 0.5% net smelter returns royalty in favour of Teck on the Property.As part of the Transaction, Blue Moon has entered into an investor rights agreement in favour of Teck, which includes, among other things, equity participation rights, top-up rights and information rights.As part of the Transaction, Blue Moon is assuming a 3.0% NSR royalty obligation on the Apex Mine claims.For the zinc off-take Teck is receiving for the life of mine from the Blue Moon Mine, zinc payabilities and treatment charges are consistent with prevailing industry benchmarks.The marketing agreement as disclosed in the February 27, 2026 press release has been replaced by an offtake agreement on the Apex Mine claims, Teck to pay the Company the market value of the products minus a fixed percentage, such market value to be assessed annually.Qualified PersonsThe technical and scientific information of this news release has been reviewed and approved by Mrs. Boi Linh Doig, P.Eng., a Blue Moon Officer, and a non-Independent Qualified Person, as defined by NI 43-101.About Blue MoonBlue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper in the United States. All 5 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS and EU list of metals critical to the global economy and national security and germanium and gallium are also on the USGS list of critical metals. Major shareholders include funds managed by Oaktree Capital Management, Hartree Partners LP, Teck Resources Limited, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial. More information is available on the Company's website (www.bluemoonmetals.com)Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS This news release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable Canadian and United States securities laws. All statements included herein, other than statements of historical fact, may be forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions.A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause the Company's current objectives, strategies and intentions to change. These risks and uncertainties include but are not limited to: the inability of Blue Moon to complete and integrate the Transaction risks associated with the integration of Springer Mine and Mill operations; risks associated with mining operations in Nevada; regulatory and permitting risks at the state and federal level including with respect to the development of the Blue Moon Mine; and management's ability to anticipate and manage the factors and risks referred to herein. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. The forward-looking information is based on certain key expectations and assumptions made by Blue Moon's management. Any forward-looking information contained in this news release represents management's current expectations and are based on information currently available to management and are subject to change after the date of this news release. Accordingly, the Company warns investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the Company's future results or plans.The Company cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. Except as required by applicable securities laws, the Company is under no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
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Original: Blue Moon Closes the Purchase of the Apex Germanium and Gallium Mine from Teck
US Market News
3月前
Blue Moon Closes C$1.3M Equity FinancingMarch 10, 2026 4:38 PM
PR Newswire (Canada)
TORONTO, March 10, 2026 /CNW/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that, further to its news releases dated March 3 and March 6, 2026, regarding the previously announced financing with Leonhard Nilsen & Sønner AS and Hartree Partners, LP, both existing shareholders of the Company, the Company has issued 181,127 common shares for total gross proceeds of $1,305,563.41 (the "Financing").
The Financing remains subject to final approval from the TSX Venture Exchange. No finder's fees were paid in connection with the Financing, and the common shares issued pursuant to the Financing are subject to a statutory 4-month and one day hold period. The proceeds from the Financing are expected to be used for underground development at the Company's Nussir Project in Norway.About Blue MoonBlue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper in the United States. All 5 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS and EU list of metals critical to the global economy and national security and germanium and gallium are also on the USGS list of critical metals. Major shareholders include funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial. More information is available on the Company's website (www.bluemoonmetals.com).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS This news release contains forward-looking statements and forward- looking information (collectively "forward-looking information") within the meaning of applicable Canadian and United States securities laws. All statements included herein, other than statements of historical fact, may be forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions.Without limiting the generality of the foregoing, this news release contains forward looking information pertaining to the following: the expected benefits and synergies from the Transaction; production estimates and growth in reserve and resources of the Springer Mine and Mill; successful operation of the Springer Mine and Mill; production estimates and growth in reserve and resources of the Springer Mine and Mill; successful operation of the Apex project; and the continued testing, exploration, mining and advancement of Blue Moon's operations across multiple jurisdictions; conversion of the Springer Mine and Mill to support Blue Moon mining operations; mineral price expectations; and other matters ancillary or incidental to the foregoing.A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause the Company's current objectives, strategies and intentions to change. These risks and uncertainties include but are not limited to: the inability of Blue Moon to complete and integrate the Transaction risks associated with the integration of Springer Mine and Mill operations and Apex project; risks associated with mining operations in Nevada and Utah; regulatory and permitting risks at the state and federal level including with respect to the development of the Blue Moon Mine; and management's ability to anticipate and manage the factors and risks referred to herein. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov.The forward-looking information is based on certain key expectations and assumptions made by Blue Moon's management, including but not limited to: expectations concerning prevailing commodity prices; the ability to obtain, renew and extend permits as required; estimates of reserves and resources various sites; the integration of the Springer Mine and Mill operations: and the estimates or reserves and resources at Apex.Any forward-looking information contained in this news release represents management's current expectations and are based on information currently available to management and are subject to change after the date of this news release. Accordingly, the Company warns investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the Company's future results or plans.The Company cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. Except as required by applicable securities laws, the Company is under no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
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Original: Blue Moon Closes C$1.3M Equity Financing
US Market News
3月前
Blue Moon Provides Update on Financing and Engagement of Outside the Box CapitalMarch 6, 2026 4:00 PM
PR Newswire (US)
TORONTO, March 6, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that, further to its news release dated March 3, 2026, regarding the previously announced financing with Leonhard Nilsen & Sønner AS (the "LNS Subscription"), Hartree Partners, LP ("Hartree"), an existing shareholder of the Company, has elected to exercise its pre-emptive right to subscribe for 12,613 common shares of the Company at a price of $7.208 per common share (the "Hartree Subscription", and together with the LNS Subscription, the "Financing"). With the Hartree Subscription, the Financing will consist of an aggregate of 181,127 common shares for total gross proceeds of $1,305,563.41.
Hartree's pre-emptive right to participate in the Financing, pursuant to a pre-existing agreement between the Company and Hartree, was triggered by the LNS Subscription. The Hartree Subscription is expected to close concurrently with the closing of the LNS Subscription, on or about March 9, 2026.The Financing is subject to approval by the TSX Venture Exchange ("TSXV"). No finder's fees were paid in connection with the Financing, and the common shares issued pursuant to the Financing will be subject to a statutory 4-month and one day hold period from the date of issuance. The proceeds from the Financing are expected to be used for underground development at the Company's Nussir Project in Norway.Engagement of Outside the Box CapitalBlue Moon is pleased to announce that it has engaged Outside The Box Capital Inc. ("Outside The Box Capital"), a marketing services firm at 2202 Green Orchard Place, Oakville, Ontario L6H 4V4, founded by Jason Coles and Kelvin Coelho, to provide marketing and investor awareness services (the "Services").The Services will include, but are not limited to, planning and creating social media content, assisting the Company with its various social media channels, increasing investor awareness in new communities, and producing feature content about the Company on its own and other third-party media platforms.The engagement is for a term of six months commencing March 9, 2026. The Company will make an upfront payment of US$200,000 to Outside The Box Capital for the term of the engagement. No securities will be issued as compensation.Outside The Box Capital has no direct relationship with the Company other than pursuant to this engagement. To the best of the Company's knowledge, as of the date hereof, Outside The Box Capital, including its directors and officers, does not own, directly or indirectly, any securities of the Company, nor does it have any right to acquire such securities. Outside The Box Capital may acquire securities of the Company in the open market in the future; however, it will not receive any securities as compensation for the Services.About Blue MoonBlue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper in the United States. All 5 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS and EU list of metals critical to the global economy and national security and germanium and gallium are also on the USGS list of critical metals. Major shareholders include funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial. More information is available on the Company's website (www.bluemoonmetals.com).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS This news release contains forward-looking statements and forward- looking information (collectively "forward-looking information") within the meaning of applicable Canadian and United States securities laws. All statements included herein, other than statements of historical fact, may be forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions.Without limiting the generality of the foregoing, this news release contains forward looking information pertaining to the following: the expected benefits and synergies from the Transaction; production estimates and growth in reserve and resources of the Springer Mine and Mill; successful operation of the Springer Mine and Mill; production estimates and growth in reserve and resources of the Springer Mine and Mill; successful operation of the Apex project; and the continued testing, exploration, mining and advancement of Blue Moon's operations across multiple jurisdictions; conversion of the Springer Mine and Mill to support Blue Moon mining operations; mineral price expectations; and other matters ancillary or incidental to the foregoing.A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause the Company's current objectives, strategies and intentions to change. These risks and uncertainties include but are not limited to: the inability of Blue Moon to complete and integrate the Transaction risks associated with the integration of Springer Mine and Mill operations and Apex project; risks associated with mining operations in Nevada and Utah; regulatory and permitting risks at the state and federal level including with respect to the development of the Blue Moon Mine; and management's ability to anticipate and manage the factors and risks referred to herein. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov.The forward-looking information is based on certain key expectations and assumptions made by Blue Moon's management, including but not limited to: expectations concerning prevailing commodity prices; the ability to obtain, renew and extend permits as required; estimates of reserves and resources various sites; the integration of the Springer Mine and Mill operations: and the estimates or reserves and resources at Apex.Any forward-looking information contained in this news release represents management's current expectations and are based on information currently available to management and are subject to change after the date of this news release. Accordingly, the Company warns investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the Company's future results or plans.The Company cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. Except as required by applicable securities laws, the Company is under no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
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Original: Blue Moon Provides Update on Financing and Engagement of Outside the Box Capital
US Market News
4月前
Blue Moon Advances Four Core Assets with Comprehensive 40,000 Meter 2026 Infill and Step-Out Drilling ProgramsFebruary 11, 2026 5:01 PM
PR Newswire (US)
TORONTO, Feb. 11, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM), is pleased to provide an update on its planned 2026 drilling activities, comprising underground and surface infill and step-out drilling across its four projects in the United States and Norway, including a drill program at the Springer Tungsten Mine. The programs are intended to support ongoing geological evaluation and project advancement.The VP Exploration of Blue Moon, Theodore Veligrakis stated: ''Our 2026 drilling plans underscore the commodity diversity of our portfolio, including our tungsten assets, while maintaining a clear focus on advancing our core projects. Our ongoing and planned 2026 exploration, re-assaying and drilling programs reflect the diversity of our asset base, with exposure to multiple commodities, including a growing focus on tungsten and other critical metals while continuing to advance our copper projects in Norway and the Western United States. 2026 marks the most significant drilling program seen in the Company's history, but also the most drilling the projects themselves have had in decades. We expect 35,000 to 45,000 meters of diamond drilling in 2026, covering at least copper, zinc, gold, silver, tungsten, molybdenum, platinum, palladium and barite.''NUSSIR PROJECT DRILLING At the Nussir Copper-Gold-Silver Project, the planned infill drilling program will focus on the eastern portion of the current mineral resource. The program is expected to include approximately 3,000 meters of surface drilling designed to achieve nominal drill spacing of approximately 75 by 75 meters in the upper part of the mineralized zone (see Figure 1.1). In addition, approximately 7,000 meters of underground drilling is planned, comprising up and down dip oriented drillholes from five underground drill stations, targeting the deeper, copper-rich portion of the mineralization. The Nussir underground exploration decline continues to advance steadily. Since June 2025, the Company's mining contractor, Leonhard Nilsen & Sønner AS ("LNS"), has advanced a total of 1,125 meters as of February 9th. By design, the infill drilling program will also allow the Company to test the eastern parallel zone, a thinner, copper-rich horizon located approximately 80 meters above the main mineralized body, which extends for approximately 10 kilometers along strike.Figure 1.1 Notes 1.Price deck used for CuEq is US$4.20/lb Cu, US$2200/oz Au, US$27/oz Ag with recoveries of 96% for Cu, 93% for Au, 80% for Ag and coefficient factors of 0.00781 for Ag and 0.740 for Au 2.The applied formula was: CuEq = Cu%_Grade + (Ag_Coeff * Ag_Grade) + (Au_Coeff * Au_Grade)In addition, the 4,000 meters surface directional drilling program at Nussir, as described in the December 1, 2025 press release, has recommenced following the holiday break. The aim of the program is to materially expand the current mineral resource estimate ("MRE") while testing for potential extensions of higher-grade mineralization at depth. Drilling is being completed from a single parent ("mother") drillhole, with the deepest daughter hole extending to approximately 1,250 meters below surface. The primary objective of the program is to infill an approximately 650-meter gap between the current MRE and the high-grade intersection in drillhole NUS-DD-14-001, which returned 9.7 meters (7.4 meters true width) grading 0.93% Cu, 0.28 g/t Au, 11.5 g/t Ag and 1.22% CuEq (including 1 meter @ 1.96 g/t PGE).BLUE MOON PROJECT DRILLING At the Blue Moon Polymetallic Project in Mariposa County, California, the ongoing 16,000 meters drilling program is intended to infill existing drill coverage to a nominal spacing of approximately 50 meters by 50 meters. The program is designed to support the potential conversion of portions of the current inferred mineral resources to the indicated category, with any resulting updates expected to inform further detailed studies planned for the following year.Figure 1.2 Notes:1.Price deck used for ZnEq is Au US$2,200/oz, Ag-US$27/oz, Cu-US$4.25/lb, Pb-US$0.90/lb, Zn-US$1.25/lb with recoveries of 93.1% for Cu, 86.2% for Au, 94.3% for Ag, 0% for Pb, 95.3% for Zn and coefficient factors of 78.2 for Cu, 1896.4 for Au, 25.46 for Ag, 0 for Pb.2.The applied formula was: ZnEq = Zn%_Grade + ((Cu%_Grade * 78.20) + (Pb%_Grade * 0) + (Ag oz/t * 25.46) + (Au oz/t * 1896.40))/23.83.Diamond drilling has recently commenced from the underground exploration decline, with approximately 8,000 meters to be completed from three underground drill stations targeting the central and upper portions of the volcanogenic massive sulphide ("VMS") deposit. The remaining approximately 8,000 meters of drilling is planned from surface locations, targeting the deeper portions of the currently defined mineral resource. Selected drill holes will be completed with downhole geophysical surveys, including electromagnetic methods, to assist in identifying additional mineralization and generating new exploration targets, particularly to the northwest and along up-dip and down-dip extensions.Historic drilling has returned encouraging polymetallic intercepts within the VMS system, such as drillhole CH-09 which has intersected 14.40 meters @ 4.97% Zn, 0.25% Cu, 4.5 g/t Au and 26.66 g/t Ag and 18.46% ZnEq1,2 from 371.20 meters and a second higher-grade interval of 10.88 meters @ 5.55% Zn, 0.32% Cu, 4.81 g/t Au and 261.3 g/t Ag and 27.92% ZnEq1,2 from 390.30 meters (Figure 1.2). These intercepts occur within the northwestern part of the mineralized system and demonstrate both grade continuity and local high-grade enrichment. The Company considers these zones to be priority areas for follow-up drilling, with clear potential to infill and expand mineralization to the northwest and along interpreted up-dip and down-dip extensions of the deposit.In January 2026, Blue Moon acquired the mineral rights to the Western Property, and the rights to drill from surface. We expect to drill 8,000 meters from surface from the NW area to expand the high-grade resources to the NW (see Figure 1.3).The Company is currently undertaking a systematic re-logging and re-sampling program of the historic drill core, including previously unsampled mineralized intersections. The program is designed to validate the historical dataset, support an updated mineral resource estimate incorporating new assay data from this year's drill program, and refine the geological and structural interpretation of the mineralized system.NSG PROJECT DRILLING
At the NSG Copper-Zinc VMS Project, following the review and relogging of historic Rupsi drill core at the Geological Survey of Norway (NGU) National Core Archive in Løkken, the technical team has finalized plans for a staged underground drilling program totaling approximately 10,000 meters at the Rupsi underground tunnel focusing on infill and expansion of the 9.23 Mt inferred resource of 1.19% Cu and 0.31% Zn (see the technical report entitled "Report 43-101 Technical Report On The Mineral Resources Of The Sulitjelma Project, Norway, dated February 20, 2025 (as amended and restated on September 12, 2025) with an effective date of May 20, 2025 (the "NSG Technical Report"), prepared by Adam Wheeler, B.Sc., M.Sc., C.Eng., Eur Ing., FIMMM).The program is planned to commence with the extension of the existing Rupsi tunnel, with the first approximately 150 meters of development providing access to two underground drill stations. From these stations, approximately 1,600 meters of up-dip oriented drilling is planned on both sides of the tunnel to test the previously undrilled up-dip extension of the Rupsi mineralized body. Following this initial phase, underground development is planned to continue to a second set of drill stations, from which additional infill and step-out drilling is planned to further evaluate and potentially expand the currently defined mineral resource.In parallel, the Company reports that all necessary permits have been obtained, from the Norwegian Directorate of Mining, to access the Avilon underground tunnel. Following an underground inspection and assessment of the existing infrastructure, the Company plans to complete approximately 1,500 meters of underground drilling at Avilon, targeting resource expansion (Sagmo deposit) to the west (Figure 1.5).Figure 1.5 Notes:1.Price deck used for CuEq is Cu US$4.20/lb and Zn US$1.25/lb with recoveries of 92% for Cu, 57% for Zn and coefficient factors of 0.16 for Zn.2.The applied formula was: CuEq = Cu%_Grade + (Zn%_Grade x 0.16) SPRINGER HISTORIC TUNGSTEN MINE RESOURCE CONFIRMATION AND EXPANSIONThe Springer Tungsten Mine is planned to be advanced through a multi-phase work program in 2026. The initial phase will focus on a detailed review of available historical information, including drill logs, core where accessible, cross-sections, assay data and the existing block model covering the Sutton I and Sutton II tungsten skarn deposits. This work will be used to refine the current geological interpretation and to guide the design of a follow-up drilling program.Subject to the outcome of the data review, the Company plans to complete approximately 5,000 meters of resource evaluation drilling. The program is expected to include a combination of twinning, infill, and step-out drilling targeting the higher-grade scheelite skarn mineralization. Drilling will also test for base and precious metals, which have received limited attention in previous work and are largely absent from the existing dataset.A further phase of work is planned to assess additional mineralized horizons located to the east of the main skarn bodies. Historical work in these areas outlines multiple mineralized beds and indicates potential for resource growth, based on historic operations by General Electric when the mine was in production in the early 1980s. Available information suggests that molybdenum and tungsten grades increase at depth; however, no systematic assays have been recorded for these elements, there is limited historical data regarding associated gold and copper mineralization, and no mineral resource has been defined for molybdenum. The deposit setting also provides broader exploration potential, given the association of skarn mineralization with nearby porphyry, carbonate replacement, and epithermal systems.The Springer Property consists of approximately 3,000 hectares of mineral claims and fee lands. The mineral resource is located entirely on private fee lands. The historical mineral resource (1)(2)(3) on the Property is:Historical estimate of indicated resources of 355,000 tons @ 0.537% WO3
Historical estimate of inferred resources of 1,933,600 tons @ 0.493% WO3The mine infrastructure includes a vertical shaft developed down to 1,600 feet, a headframe and 3 compartment hoist and associated equipment.Qualified PersonsThe technical and scientific information of this news release has been reviewed and approved by Mrs. Boi Linh Doig, P.Eng., a Blue Moon Officer, and a non-Independent Qualified Person, as defined by NI 43-101.Notes:As at the date of this news release, a qualified person has not completed sufficient work to classify this historical estimate as current mineral resources or mineral reserves in accordance with NI 43-101 and Blue Moon is not treating the historical estimate as current mineral resources or mineral reserves. In order to verify the historical estimate, the Company needs to engage a qualified person to review the historical data, review any work completed on the property since the date of the estimate and complete a new technical report. Blue Moon views this historical data as an indicator of the potential size and grade of the mineralized deposits, and this data is relevant to Company's future plans with respect to the property. Resource classification was performed according to CIM guidelines for indicated and inferred resources at the time and are based on drill spacing and density; the estimate was presented at 0.20 WO3% cutoff grade based on approximate mining cost of $40/ton, processing cost of $13.50/ton, administration cost of $7/ton, mill recovery of 82% and a WO3 price of $11.50/lb. Rounding may result in apparent summation differences between tonnes, grades and metal content; not considered material.The effective date of this estimate is August 20, 2012, and is contained in the "Preliminary Economic Assessment of the Springer Tungsten Mine, Pershing County, Nevada, USA" dated December 31, 2013 and prepared by Keith McCandlish of DMT Geosciences Ltd.About Blue MoonBlue Moon is advancing 4 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States and the Springer tungsten-molybdenum project in the United States. All 4 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS and EU list of metals critical to the global economy and national security. Major shareholders include Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial. More information is available on the Company's website (www.bluemoonmetals.com).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTSThis news release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable Canadian and United States securities laws. All statements included herein, other than statements of historical fact, may be forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions.This news release contains forward-looking information, pertaining to, among other things, the advancement by the Company of multiple projects across jurisdictions. The Company cautions that all forward-looking information is inherently subject to change and uncertainty and that actual events, results and performance may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause the Company's current objectives, strategies and intentions to change. These risks and uncertainties include but are not limited to: the risk that exploration activities will not result in finding economically viable mineralization; uncertainties inherent in exploration and drilling, including geological, technical, and metallurgical risks; inaccurate or incomplete geological models or interpretations; operational risks such as ground stability, ventilation, dewatering, power constraints, equipment failure, contractor performance, accidents, labour shortages; environmental, health and safety risks; adverse weather or seasonal access constraints; changes in laws, regulations, or government policies; community or stakeholder opposition; fluctuations in commodity prices and currency exchange rates; cost overruns; and risks related to the availability of capital and financing. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov.Any forward-looking information contained in this news release represents management's current expectations and are based on information currently available to management and are subject to change after the date of this news release. Accordingly, the Company warns investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the Company's future results or plans.The Company cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. The Company is under no obligation (and expressly disclaims any intention or obligation) to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
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Original: Blue Moon Advances Four Core Assets with Comprehensive 40,000 Meter 2026 Infill and Step-Out Drilling Programs
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4月前
/R E P E A T -- BLUE MOON METALS TO BEGIN TRADING ON NASDAQ UNDER BMM AND APPOINTS PETER MADSEN TO THE BOARD OF DIRECTORS/January 26, 2026 12:00 PM
PR Newswire (Canada)
TORONTO, Jan. 23, 2026 /CNW/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (Z: BMM) (Frankfurt: 8SX0), today announced that on Monday January 26th, its common shares will commence trading on the Nasdaq Capital Market under the symbol "BMM". The common shares will continue to trade on the TSXV Venture Exchange under the symbol "MOON" and the Frankfurt Stock Exchange under the symbol "8SX0" but will no longer trade on the OTCQX under the symbol "BMOOF". Upon commencement of trading on the Nasdaq shareholders are not required to take any action; however, shareholders who purchased shares on OTCQX are encouraged to monitor their brokerage accounts to ensure holdings are correctly reflected in respect of the Nasdaq listing. In support of this next phase, the Company has appointed Peter Madsen to the Board of Directors with his term to commence concurrent with the Nasdaq listing.
The Nasdaq listing marks an important milestone for the Company, increasing its visibility among global investors and broadening access to the U.S. capital markets. Trading on Nasdaq is expected to support the Company's continued growth and long-term strategic objectives."Our Nasdaq listing represents a significant step forward for Blue Moon Metals," said Christian Kargl-Simard, CEO. "It strengthens our presence in the U.S. market and provides additional opportunities to engage with a wider investor base. We are also please to announce the appointment of Peter Madsen to the Board of Directors. Peter's experience and expertise will be invaluable in supporting our U.S. growth strategy. Blue Moon's growth strategy in the U.S. is anchored by the previously announced acquisition of the Springer processing plant located in Nevada, which we expect to complete shortly. The Springer processing hub will treat the high-grade copper-zinc-gold-silver ores from the Blue Moon Mine located in Mariposa County, California where current activities include the development of an exploration decline. We also expect to upgrade the historical Springer tungsten-molybdenum resources with a view to redeveloping the mine. In addition, Blue Moon is looking to acquire other high grade critical metals underground mines in the Western United States that can be developed quickly with ore transported to Springer and processed there. With Oaktree Capital Management and Hartree Partners LP as our largest shareholder group, we expect significant U.S. shareholder growth and liquidity improvement during 2026."Peter Madsen, a U.S. based Director, is a seasoned finance professional with over four decades of experience in financial markets both on the sell and buy side. Peter began his career at L.F Rothschild in 1984 and went with colleagues to the mortgage unit at Bear Stearns in 1985. Peter rose to Senior Managing Director at the age of 29 and was there until 1995 when he departed to become Chief Investment Officer of a large family office named Alpha Investment Management. After six years he left to manage his own family office. Peter joined Countrywide Alternative Asset Management at the outset of the 2008 financial crisis and ran a capital structure arbitrage product. Peter is now a Senior Managing Director at U.S. Brokerage firm Deer Isle Capital where he works on strategic capital formation for asset managers and corporations. Peter holds a Bachelor's degree in Economics from the University of Colorado Boulder.About Blue MoonBlue Moon is advancing 3 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway and the Blue Moon zinc-gold-silver-copper project in the United States. All 3 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc and copper are currently on the USGS and EU list of metals critical to the global economy and national security. Major shareholders include Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial. More information is available on the Company's website (www.bluemoonmetals.com).Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTSThis news release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable Canadian and United States securities laws. All statements included herein, other than statements of historical fact, may be forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions.Without limiting the generality of the foregoing, this news release contains forward looking information pertaining to the following: the completion of the Springer Mine and Mill transaction; expected benefits and synergies from the Springer Mine and Mill transaction; production estimates and growth in reserve and resources of the Springer Mine and Mill; successful operation of the Springer Mine and Mill; continued testing, exploration, mining and advancement of Blue Moon's operations across multiple jurisdictions; conversion of the Springer Mine and Mill to support Blue Moon mining operations; mineral price expectations; further acquisitions of additional assets; and other matters ancillary or incidental to the foregoing.A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause the Company's current objectives, strategies and intentions to change. These risks and uncertainties include, but are not limited to: risks associated with the completion of the Springer Mine and Mill transaction; integration of Springer Mine and Mill operations; risks associated with mining operations in Nevada and California; regulatory and permitting risks at the state and federal level; and management's ability to anticipate and manage the factors and risks referred to herein. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. The forward-looking information is based on certain key expectations and assumptions made by Blue Moon's management, including but not limited to: expectations concerning prevailing commodity prices; the ability to obtain, renew and extend permits as required; estimates of reserves and resources various sites; the completion of the Springer Mine and Mill transaction; the integration of the Springer Mine and Mill operations; the realization of expected synergies and benefits from the Transaction.Any forward-looking information contained in this news release represents management's current expectations and are based on information currently available to management, and are subject to change after the date of this news release. Accordingly, the Company warns investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding the Company's future results or plans.The Company cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. The Company is under no obligation (and expressly disclaims any intention or obligation) to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
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Original: /R E P E A T -- BLUE MOON METALS TO BEGIN TRADING ON NASDAQ UNDER BMM AND APPOINTS PETER MADSEN TO THE BOARD OF DIRECTORS/