Financing ·
Closes C$35M private placement with The Elmet Group, appoints William Jacob Homiller to board
BMMBlue Moon Metals Inc.
Blue Moon Metals closed a non-brokered private placement with The Elmet Group, issuing 3.5 million units at C$10.00 each for gross proceeds of C$35 million. Each unit includes one common share and one warrant exercisable at $10.80 per share for three years. Proceeds will fund the Springer Tungsten Complex development. The Elmet Group received board nomination rights, top-up rights, and information rights under a new investor agreement. William Jacob Homiller was appointed to the board effective October 16, 2026. The transaction remains subject to final approval by the TSX Venture Exchange. Blue Moon Metals develops polymetallic mining projects in North America and Europe.