Mergers & Acquisitions ·
Blue Moon Metals agrees to acquire Turner Copper-Gold deposit from Gold Coast Mining for $32M in cash and stock
BMMBlue Moon Metals Inc.
Blue Moon Metals Inc. signed a definitive agreement to acquire 100% of the Turner Copper-Gold VMS deposit in Oregon from Gold Coast Mining Inc., with closing expected in November 2026 following TSX-V approval. The transaction consideration includes US$4,700,000 in cash (including a US$500,000 deposit), approximately 4,778,761 common shares valued at ~US$27 million based on a 20-day VWAP of US$5.65, and milestone payments totaling US$7,000,000 upon permitting and production milestones. Turner is a past-producing deposit with historical resources of 4.531 million tons grading 1.25% copper and 2.79 g/t gold in the Indicated category. Blue Moon plans to integrate Turner into its Western U.S. hub-and-spoke model, potentially commingling ore with its existing Blue Moon Mine for processing at a new 1,800 tpd mill in Nevada.