Blue Moon Closes C$1.3M Equity Financing

Blue Moon Metals (TSXV: MOON; NASDAQ: BMM) announced a financing on March 10, 2026 that issued 181,127 common shares for total gross proceeds of C$1,305,563.41.

Rhea-AI Summary

Blue Moon Metals (TSXV: MOON; NASDAQ: BMM) announced a financing on March 10, 2026 that issued 181,127 common shares for total gross proceeds of C$1,305,563.41. The financing involved existing shareholders Leonhard Nilsen & Sønner AS and Hartree Partners, LP.

The issuance is subject to final approval from the TSX Venture Exchange, no finder’s fees were paid, issued shares carry a statutory four-month-and-one-day hold, and proceeds are intended for underground development at the Nussir Project in Norway.

Argus Mar 11 session

-4.10% close to close Open Argus

Details

News Market Reaction – BMM

On Mar 11, the first trading day after this news, BMM closed 4.10% below the previous close.

Data tracked by StockTitan Argus for the Mar 11 session.

Key Figures

Financing proceeds: $1,305,563.41 Shares issued: 181,127 common shares Prior financing size: C$1.2M +5 more

Financing proceeds

$1,305,563.41

Gross proceeds from current equity financing for Nussir underground development

Shares issued

181,127 common shares

Equity issued in announced financing

Prior financing size

C$1.2M

Follow-on subscription announced Mar 3, 2026

Prior shares issued

168,514 common shares

Shares in Mar 3, 2026 follow-on subscription

Subscription price

C$7.208 per share

Pricing of Mar 3, 2026 follow-on financing

Teck consideration shares

7,031,959 shares

Stock consideration for Apex mine acquisition

Springer acquisition value

US$18.5M

Aggregate consideration for Springer mine and plant

Prospectus capacity

$200,000,000

Maximum securities under F-10 short form base prospectus

Historical Context

5 past events · Latest: Mar 03

5 events

1. Mar 03

   Equity financing

   24h Move

   -6.6%

   Follow-on subscription by mining contractor to fund Nussir underground development.

2. Mar 02

   Mine acquisition

   24h Move

   +21.5%

   Agreement to acquire Apex germanium and gallium mine with Teck-related offtake.

3. Feb 27

   Mine acquisition

   24h Move

   +21.5%

   Deal to acquire historic Apex mine, building integrated critical minerals platform.

4. Feb 11

   Drilling program

   24h Move

   -1.3%

   Announcement of large 2026 infill and step-out drilling across four projects.

5. Feb 10

   Acquisition close

   24h Move

   +6.3%

   Closing of Springer tungsten mine and processing plant acquisition in Nevada.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

tsx venture exchange, statutory 4-month and one day hold period

2 terms

tsx venture exchange regulatory

"The Financing remains subject to final approval from the TSX Venture Exchange."

A junior stock exchange in Canada where smaller, early-stage companies list shares to raise capital and gain public visibility. Think of it as a farmers’ market for young businesses: it offers investors a chance to buy into fast-growing but higher-risk ventures, with looser listing rules and typically lower liquidity than major exchanges. It matters because performance and financing on this exchange can signal growth prospects or risk for investors.

statutory 4-month and one day hold period regulatory

"the common shares issued pursuant to the Financing are subject to a statutory 4-month and one day hold period."

A statutory 4-month and one day hold period is a legally required freeze on resale of certain securities for four months plus one day after they are issued or transferred. Think of it as a cooling-off or lockbox that prevents early selling; it matters to investors because it limits short-term liquidity and can affect share supply, price volatility and the timing of when holders can convert paper into cash.

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TORONTO, March 10, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that, further to its news releases dated March 3 and March 6, 2026, regarding the previously announced financing with Leonhard Nilsen & Sønner AS and Hartree Partners, LP, both existing shareholders of the Company, the Company has issued 181,127 common shares for total gross proceeds of $1,305,563.41 (the "Financing").

The Financing remains subject to final approval from the TSX Venture Exchange. No finder's fees were paid in connection with the Financing, and the common shares issued pursuant to the Financing are subject to a statutory 4-month and one day hold period. The proceeds from the Financing are expected to be used for underground development at the Company's Nussir Project in Norway.

About Blue Moon

Blue Moon is advancing 5 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 and the Apex germanium-gallium-copper in the United States. All 5 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 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.

Without limiting the generality of the foregoing, this news release contains forward looking information pertaining to the following: the expected benefits and synergies from the Transaction; production estimates and growth in reserve and resources of the Springer Mine and Mill; successful operation of the Springer Mine and Mill; production estimates and growth in reserve and resources of the Springer Mine and Mill; successful operation of the Apex project; and the continued testing, exploration, mining and advancement of Blue Moon's operations across multiple jurisdictions; conversion of the Springer Mine and Mill to support Blue Moon mining operations; mineral price expectations; and other matters ancillary or incidental to the foregoing.

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. These risks and uncertainties include but are not limited to: the inability of Blue Moon to complete and integrate the Transaction risks associated with the integration of Springer Mine and Mill operations and Apex project; risks associated with mining operations in Nevada and Utah; regulatory and permitting risks at the state and federal level including with respect to the development of the Blue Moon Mine; and management's ability to anticipate and manage the factors and risks referred to herein. 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.

The forward-looking information is based on certain key expectations and assumptions made by Blue Moon's management, including but not limited to: expectations concerning prevailing commodity prices; the ability to obtain, renew and extend permits as required; estimates of reserves and resources various sites; the integration of the Springer Mine and Mill operations: and the estimates or reserves and resources at Apex.

Any forward-looking information contained in this news release represents management's current expectations and are based on information currently available to management and are 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.

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SOURCE Blue Moon Metals

FAQ

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

How many shares did Blue Moon (BMM) issue in the March 10, 2026 financing?

Blue Moon issued 181,127 common shares in the financing. According to Blue Moon, those shares generated gross proceeds of C$1,305,563.41 and are subject to a four-month-and-one-day hold period.

Who participated in Blue Moon Metals (BMM) financing announced March 10, 2026?

The financing was subscribed by existing shareholders Leonhard Nilsen & Sønner AS and Hartree Partners, LP. According to Blue Moon, both participants are current shareholders and no finder’s fees were paid.

What will Blue Moon (BMM) use the C$1.3M financing for?

The company intends to use the proceeds for underground development at the Nussir Project in Norway. According to Blue Moon, the funds are earmarked specifically for underground development activities at Nussir.

Is the Blue Moon (BMM) financing final and approved by regulators?

The financing remains subject to final approval from the TSX Venture Exchange. According to Blue Moon, the issuance awaits that final regulatory approval before being fully completed.

Are the shares issued in Blue Moon's (BMM) financing restricted from trading?

Yes, the common shares are subject to a statutory four-month-and-one-day hold period. According to Blue Moon, that hold period applies to the shares issued under this financing.