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Recent Updates — BMM

September 14, 2026View Source ↗

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.

September 3, 2026View Source ↗

Blue Moon Metals Inc. announced a definitive agreement to acquire a land package and associated water rights near its Springer mine in Pershing County, Nevada, from a private vendor for US$8 million total consideration. The deal comprises US$3.5 million in cash, including a US$0.1 million non-refundable deposit, and US$4.5 million in common shares issued based on the 10-day volume-weighted average price prior to issuance. The acquired property includes over 2,100 acres with strategic access to Highway I-80 and the Union Pacific rail line, plus water permits holding over 1,500 acre-feet per annum (afa) of rights in the Imlay basin. Completion is expected in early 2027, subject to TSXV approval and transfer of water rights. Blue Moon Metals Inc. operates in the mining industry, advancing brownfield polymetallic projects including copper, zinc, tungsten, and critical metals.

August 13, 2026View Source ↗

Blue Moon Metals Inc. filed unaudited interim financial statements and management discussion for the three and six months ended June 30, 2026. The company reported a net loss of $57.6 million CAD for the first half of 2026, compared to $7.8 million in the prior year period. Cash and cash equivalents increased to $159.1 million from $92.8 million at year-end 2025, driven by a $153.3 million equity financing closed in May 2026. The company made its final investment decision for the Nussir copper-gold-silver project in Norway and awarded an EPC contract for the processing plant. Additionally, Blue Moon acquired the Springer tungsten mine in Nevada, the Apex germanium-gallium project in Utah, and surrounding claims to support a hub-and-spoke business model. The company operates in the mineral exploration and development industry.

August 13, 2026View Source ↗

Blue Moon Metals Inc. issued a press release on August 13, 2026, refuting allegations made by Viceroy Research Group in a short seller report regarding its Nussir project in Norway. The company asserts that all permits remain in good standing and construction is on track for a 2027 production start, citing recent Q2 2026 approvals from the Norwegian Environment Agency. Blue Moon confirmed it holds sufficient cash to repay the US$12.5 million drawn portion of its Hartree/Oaktree credit facility or the full US$25 million amount, with no default risk triggered by permitting matters. Additionally, the company highlighted increased tungsten prices boosting the economics of its U.S. Springer complex acquisition and noted interest from strategic parties for commercialization transactions in 2026. Blue Moon Metals Inc. operates in the mining industry, developing polymetallic projects including copper, zinc, gold, silver, tungsten, germanium, and gallium.

August 11, 2026View Source ↗

Blue Moon Metals Inc. announced on August 11, 2026, a binding letter of intent to acquire a portfolio of 33 tungsten and antimony projects in the western United States from a private owner. The transaction involves consideration consisting of 2.8 million common shares valued at approximately US$5.55 per share (totaling roughly US$15.5 million), subject to a four-month holding period, plus a 1.0% net smelter return royalty on each project and US$5.0 million in cash payments split between closing and the first anniversary. Additional consideration includes capped inferred resource development milestone payments up to US$8.5 million per project and a 10% monetization incentive upon future disposal of any asset. The acquisition is subject to TSX Venture approval and is expected to close in October 2026, with holding costs estimated at approximately US$162,000 annually. Blue Moon Metals Inc. operates in the mining industry, focusing on the exploration and development of critical metals including tungsten, antimony, germanium, gallium, copper, zinc, gold, and silver.

August 10, 2026View Source ↗

Blue Moon Metals Inc. announced initial results from its ongoing infill drilling campaign at the Nussir Project in Norway, reporting assay highlights from 12 surface holes totaling 2,628.6 meters. The program aims to upgrade resources to Measured status and optimize mine design by confirming mineralization continuity near planned production areas. Additionally, deep exploration results were released for hole NUS-DD-26-07 at 922.7 meters depth, intersecting 3.5 meters true thickness grading 1.39% CuEq. The company also extended its engagement with Outside The Box Capital Inc. for marketing services until November 8, 2026, involving a follow-on payment of US$175,000, and entered into a three-month agreement with Winning Media LLC for investor relations services at an upfront fee of US$100,000. Blue Moon Metals Inc. operates in the mining industry, advancing multiple brownfield polymetallic projects including copper, gold, silver, zinc, tungsten, and critical metals.