Recent Updates — BMM
Blue Moon Metals Inc. has contracted RAM Enterprise Inc., with Nordmin Engineering providing engineering support, to refurbish the processing plant at its Springer Tungsten Mine in Nevada. The work is expected to be completed by Q4 2027. Wood Group USA Inc. has been engaged as Owner’s Engineer for the project. Additionally, Blue Moon signed a binding agreement to acquire an RV park and mobile home site near the mine for $1.7 million in cash to house workers during construction; closing is expected in December 2026. The company operates brownfield polymetallic mining projects.
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.
Blue Moon Metals Inc. announced additional assay results from its ongoing relogging campaign at the Springer Tungsten Mine in Nevada, identifying a new intercept grading 7.84% WO₃ over 0.3 meters. This represents the second-highest grade drilling result to date on the property and the highest-grade assay identified in the East Sutton Beds. The company is also continuing its re-assay program of historical core, with approximately 77% of the 18,000-meter campaign completed. Additionally, Blue Moon granted 150,000 incentive stock options to two consultants at an exercise price of C$6.99 per option. The company operates in the mining sector, advancing brownfield polymetallic projects including copper, zinc, tungsten, and critical metals.
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.
Blue Moon Metals Inc. announced initial assay results from its historical core re-assay program at the Springer Tungsten Project, confirming high-grade intervals including 7.00 meters grading 1.28% WO3 and 0.01% Mo in drillhole NM-13. The company also reported receiving full Bureau of Land Management approval for a 67,000-meter exploration drilling campaign on public lands. Additionally, Blue Moon disclosed that Elmet Group Co. issued warrants to purchase 1,166,970 shares of Elmet common stock at an exercise price of US$21.423 per share as part of a strategic transaction announced in September 2026. The company operates in the mining industry and develops polymetallic mineral projects.
Blue Moon Metals Inc., The Elmet Group (TEG), and EQ Resources announced a binding letter agreement for strategic transactions totaling US$150-$175 million to redevelop the Springer Tungsten Complex in Nevada. TEG will provide a US$50 million prepayment facility, subscribe for US$25 million of new equity in Blue Moon at C$10.00 per unit (a 31.8% premium), and contribute US$75 million to a joint venture entity owning the APT plant, where TEG will hold 70%, Blue Moon 20%, and EQ 10%. The transactions include an eight-year offtake agreement for 4,000 tonnes of contained WO3 from EQ and secure U.S. tungsten supply chain support backed by the Department of War. Production is targeted to restart in Q4-2027 with APT plant operations expected in H2-2028. Blue Moon Metals Inc. operates in the mining industry, focusing on the exploration and development of critical metals projects including tungsten, copper, zinc, and germanium.