Blue Moon Closes Follow on Investment of C$4.8M from Hartree

Rhea-AI Summary

Blue Moon Metals (NASDAQ: BMM) closed a follow-on equity investment from Hartree for approximately C$4.8 million via issuance of 526,617 common shares on April 24, 2026.

The financing is subject to final TSX Venture Exchange approval, carries a statutory four-month-and-one-day hold, and proceeds are earmarked for brownfield project development and general corporate purposes.

Positive

• Raised C$4.8M through issuance of 526,617 common shares to strategic partner Hartree
• Proceeds designated for brownfield polymetallic project development and general corporate purposes

Negative

• Issuance of 526,617 shares to Hartree may dilute existing shareholders pending final TSXV approval
• Shares are subject to a statutory 4-month-and-one-day hold period limiting immediate liquidity

News Market Reaction – BMM

+1.65%

6 alerts

+1.65% Session close to close

+2.0% Peak in 4 min

$659.68M Market Cap

0.2x Rel. Volume

In the Apr 27 session, BMM gained 1.65%, reflecting a mild positive market reaction. Argus tracked a peak move of +2.0% during that session. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details the closing mechanics of Hartree’s follow-on investment, with 526,617 shar...

Analysis

This announcement details the closing mechanics of Hartree’s follow-on investment, with 526,617 shares issued for gross proceeds of about C$4.8M, earmarked for brownfield polymetallic project development and corporate purposes. It follows an earlier notice of the same financing and fits into a pattern of funding Nussir and related assets. Investors may watch for TSX Venture Exchange approval, future capital-raising steps, and progress on development milestones across the project portfolio.

Key Figures

Financing proceeds: C$4.8 million Shares issued: 526,617 common shares Hold period: 4 months and 1 day

3 metrics

Financing proceeds C$4.8 million Follow-on investment from Hartree

Shares issued 526,617 common shares Consideration to Hartree in this financing

Hold period 4 months and 1 day Statutory restriction on shares issued in the financing

Historical Context

5 past events · Latest: Apr 22 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 22	Strategic financing	Positive	+3.8%	Hartree follow-on investment of about C$4.8M for 526,617 common shares.
Apr 21	Asset combination LOI	Positive	-6.0%	Non-binding LOI to combine Sulitjelma district holdings with Alpha Future Funds.
Apr 20	Nasdaq ceremony	Positive	+5.2%	Participation in Nasdaq Closing Bell ceremony highlighting recent U.S. listing.
Apr 16	Feasibility study	Positive	+3.7%	Nussir feasibility study showing 13-year mine life and positive project economics.
Apr 15	Drill results	Positive	+3.7%	Deep step-out and infill drilling at Nussir with significant copper-equivalent intercepts.

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

Pattern Detected

Recent company-specific news has generally seen positive price reactions, with one notable divergence on an LOI announcement.

Recent Company History

Over recent months, Blue Moon has reported several growth-oriented milestones. A follow-on Hartree investment of about C$4.8M for 526,617 shares on Apr 22, 2026 saw a 3.8% gain. The Nussir feasibility study highlighted an after-tax NPV8 of $235M and IRR of 19%, also met with a positive reaction. Only the Sulitjelma LOI, despite historic output of 470 kt copper, produced a short-term negative move.

Key Terms

polymetallic

1 terms

polymetallic technical

"project development at the Company's brownfield polymetallic projects, as well as for general"

Polymetallic describes a rock, ore deposit, or mine that contains several different commercially valuable metals together, such as copper, zinc, lead, gold or silver. For investors it matters because a polymetallic deposit can spread revenue across multiple metal markets—like a fruit basket with different fruits—reducing dependence on one commodity’s price but often adding processing complexity and varying costs and risks.

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

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TORONTO, April 24, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that further to its news release dated April 22, 2026, regarding the previously announced financing with Hartree Partners, LP ("Hartree"), a strategic partner to Blue Moon, the Company has issued 526,617 common shares to Hartree for total gross proceeds of approximately C$4.8 million (the "Financing").

The Financing remains subject to final approval by 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 project development at the Company's brownfield polymetallic projects, as well as for general corporate purposes.

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 project 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 lists 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.

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.

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SOURCE Blue Moon Metals

FAQ

How much did Blue Moon Metals (BMM) raise from Hartree on April 24, 2026?

Blue Moon raised approximately C$4.8 million from Hartree through issuance of 526,617 common shares. According to the company, proceeds will fund brownfield project development and general corporate purposes following TSXV approval.

What is the share impact of the Hartree financing for Blue Moon Metals (BMM)?

The financing issued 526,617 common shares to Hartree, which may dilute existing holders. According to the company, the issuance awaits final TSXV approval and carries a statutory 4-month-and-one-day hold.

What can Blue Moon Metals (BMM) use the C$4.8M financing for?

Proceeds are expected to be used for project development at brownfield polymetallic projects and for general corporate purposes. According to the company, allocation targets project advancement and corporate liquidity needs.

Is the Hartree financing for Blue Moon Metals (BMM) final and immediately transferable?

The financing remains subject to final TSXV approval and issued shares are under a statutory 4-month-and-one-day hold. According to the company, shares are not immediately transferable until regulatory and hold restrictions lapse.

Were any finder's fees paid in connection with the Blue Moon Metals (BMM) financing?

No finder's fees were paid in connection with the Hartree financing. According to the company, the transaction was completed directly with Hartree as a strategic partner.