Blue Moon Announces the Signing of the Refurbishment Contract for the Springer Mill, Engages with Wood Group and Acquires Accommodations for Springer Site

The planned accommodations purchase adds a US$1.7 million cash commitment alongside the Springer refurbishment contract.

Rhea-AI Summary

Blue Moon Metals (BMM) contracted RAM Enterprise to refurbish the processing plant at its Springer Tungsten Mine in Nevada. Nordmin Engineering will provide engineering within RAM's team. RAM's scope covers plant and infrastructure refurbishment, electrical and instrumentation upgrades, and commissioning support. Completion is expected in Q4 2027, with Blue Moon targeting a mine restart in late 2027. Wood Group USA was engaged as Owner's Engineer to oversee design, procurement, construction and commissioning readiness.

Blue Moon also signed a binding agreement to acquire a nearby worker-accommodations property for US$1.7 million in cash. The operating RV park has 31 RV sites and 5 mobile home sites. The purchase agreement was executed October 5, 2026, with closing expected in December 2026. Blue Moon intends to house construction employees and contractors there and evaluate expansion.

6 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 2 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointRAM Enterprise contracted for Springer plant refurbishment, infrastructure upgrades and commissioning support, with Nordmin providing engineering.
• Minor point. Forward-looking: it has not happened yet and may not happen.Refurbishment completion expected Q4 2027; Blue Moon targets a Springer mine restart in late 2027.
• Minor pointWood Group USA engaged for independent engineering review and oversight of Springer's refurbishment and restart.
• Minor point. Forward-looking: it has not happened yet and may not happen.Binding accommodations agreement supports planned construction-worker housing at a property with 31 RV sites and 5 mobile home sites.
• Minor point. Forward-looking: it has not happened yet and may not happen.Expansion evaluation planned, including a previously permitted addition of 14 RV sites.
• Minor pointNo finders' fees are being paid on the accommodations acquisition.

Negative

• Minor pointUS$1.7 million cash consideration is committed to the accommodations property acquisition.
• Minor pointAccommodations acquisition remains pending, with closing expected in December 2026.

Key Figures

Accommodation site consideration: US$1.7 million cash RV sites: 31 sites Mobile home sites: 5 sites +4 more

Accommodation site consideration

US$1.7 million cash

Acquisition of the Springer accommodations property

RV sites

31 sites

Existing accommodations property

Mobile home sites

5 sites

Existing accommodations property

Potential additional RV sites

14 sites

Previously permitted expansion under evaluation

Refurbishment completion

Q4 2027

Expected completion of Springer processing plant refurbishment

Acquisition closing

December 2026

Expected closing of the accommodations property purchase

Targeted restart

Late 2027

Springer project target stated by management

Key Terms

epcm, ni 43-101

2 terms

epcm technical

"a full-service mining engineering and EPCM firm"

EPCM stands for engineering, procurement and construction management, a contract model where a firm designs a project, buys major equipment and manages contractors rather than doing the actual building work itself. For investors, an EPCM arrangement matters because it usually keeps the project owner more directly responsible for contractor costs, schedules and on-site risks, which can affect budget certainty, timelines and the likelihood of delays or cost overruns. Think of it as hiring an architect and general manager who arranges and oversees the builders rather than having a single company deliver the whole job.

ni 43-101 regulatory

"as defined by NI 43-101"

A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

TORONTO, Oct. 26, 2026 /PRNewswire/ -- Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce several important milestones at the Company's Springer Tungsten Mine in Imlay, Nevada ("Springer"). The Company has contracted RAM Enterprise Inc. ("RAM") of Elko, Nevada for the refurbishment of the Springer processing plant, with Nordmin Engineering Ltd. ("Nordmin") providing engineering as part of the RAM team. The processing plant refurbishment is expected to finish Q4 2027. In addition, the Company has engaged Wood Group USA Inc. ("Wood") as Owner's Engineer for the Springer mill refurbishment and restart. Blue Moon has also signed a binding deal to acquire accommodations for workers during construction at Springer.

RAM has served the Nevada and western United States mining industry since 1991, with an established in-state base of industrial construction, mechanical, electrical and process plant maintenance capability and a workforce certified to work in an operating mine environment. RAM's scope includes assessment and refurbishment of the process plant and supporting infrastructure, including upgrading of the electrical and instrumentation systems, and commissioning and start-up support. RAM will be supported by Nordmin, a full-service mining engineering and EPCM firm with over twenty years of experience across the mine life cycle, from detailed engineering through construction management and operations support, with offices in Thunder Bay, Sudbury and Salt Lake City.

Wood is a global leader in consulting, engineering and operations for the energy and materials sectors, supporting clients across the full project lifecycle. With more than 60 years of mining, minerals and metals experience, Wood has completed over 3,000 studies and delivered more than 250 major projects worldwide. As Owner's Engineer for the Springer Project, Wood will provide independent engineering review and oversight of design, procurement and construction activities, including review of contractor deliverables, cost and schedule, and quality and commissioning readiness.

Skott Mealer, President and COO of Blue Moon states, "Tungsten has not been mined commercially in the United States since 2015. Springer is being advanced to help restore that domestic supply of a metal vital to industry and national defense. We are pleased to be doing this work in Nevada, with experienced in-state contractors now engaged and the site team and accommodations in place to support an accelerated program. We are advancing rapidly toward a targeted restart in late 2027, and the project will be a meaningful source of employment and economic activity in Pershing County and the State of Nevada."

ACQUISITION OF ACCOMMODATIONS SITE FOR SPRINGER

Blue Moon has signed an agreement to acquire an accommodations site near Springer. The property being acquired is currently operating as a recreational vehicle (RV) park, including 31 RV sites and 5 mobile home sites, with septic, power and water systems servicing the units. Blue Moon intends to use the site to house employees and contractors during construction, and will evaluate further expansions, including a previously permitted expansion with an additional 14 RV sites. Access to the Property from Springer is via Tungsten road adjacent to highway I-80, totaling approximately 7 miles from the mill.

Blue Moon is acquiring the Property free and clear of all material encumbrances for consideration of US$1.7 million in cash. A purchase agreement was executed by the parties on October 5, 2026, with closing expected in December 2026. No finders' fees are being paid on this Acquisition.

Qualified Persons

The technical and scientific information of this news release has been reviewed and approved by Mr. Reza Ehsani, P.Eng., as SVP Projects for Blue Moon and is therefore a non-Independent Qualified Person, as defined by NI 43-101.

About Blue Moon

Blue Moon is advancing 6 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, the Apex germanium-gallium-copper project in the United States and the Turner gold-copper-zinc-silver project in the United States. All 6 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.

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. 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 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-announces-the-signing-of-the-refurbishment-contract-for-the-springer-mill-engages-with-wood-group-and-acquires-accommodations-for-springer-site-302919900.html

SOURCE Blue Moon Metals

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does Blue Moon Metals expect the Springer refurbishment and mine restart?

Processing plant refurbishment is expected to finish in Q4 2027, and Blue Moon targets a mine restart in late 2027. RAM Enterprise is the refurbishment contractor, with Nordmin Engineering providing engineering as part of RAM's team.

How much will Blue Moon Metals pay for the Springer accommodations property?

Blue Moon is acquiring the property for US$1.7 million in cash, with closing expected in December 2026. The binding purchase agreement was executed on October 5, 2026. The property is being acquired free and clear of all material encumbrances.

What expansion is Blue Moon Metals considering for the Springer accommodations site?

Blue Moon will evaluate further expansion, including a previously permitted addition of 14 RV sites. The property currently operates as an RV park with septic, power and water systems servicing its units.