Blue Moon Closes Previously Announced Acquisition of Claims Adjacent to Springer Tungsten

Blue Moon (NASDAQ:BMM) closed its previously announced acquisition of a 100% interest in nine unpatented WO Claims adjacent to Springer tungsten.

Rhea-AI Summary

Blue Moon (NASDAQ:BMM) closed its previously announced acquisition of a 100% interest in nine unpatented WO Claims adjacent to Springer tungsten. The deal is an arm’s length transaction with no finders’ fees.

Consideration included issuing 188,199 shares, paying US$1 million cash, and granting a 3.0%-5.0% gross revenue royalty, with a 3-year option to reduce it to 1.5% for US$2 million.

Positive

• Acquisition of 100% interest in nine WO Claims adjacent to Springer
• Arm’s length transaction with no finders’ fees on the acquisition
• Flexible GRR buydown option to 1.5% for US$2.0 million over 3 years

Negative

• Issuance of 188,199 common shares creates shareholder dilution
• US$1 million cash payment reduces company cash resources
• Sliding-scale 3.0%-5.0% gross revenue royalty on WO Claims future production

Argus May 18 session

+0.15% close to close Open Argus

Details

News Market Reaction – BMM

On May 18, the first trading day after this news, BMM closed 0.15% above the previous close.

Data tracked by StockTitan Argus for the May 18 session.

Market Context

This announcement confirms closing of the WO Claims acquisition adjacent to Springer Tungsten, on te...

Analysis

This announcement confirms closing of the WO Claims acquisition adjacent to Springer Tungsten, on terms consistent with the April 28, 2026 agreement: 188,199 shares, US$1 million cash, and a sliding GRR of 3.0%–5.0% with a buy-down option to 1.5% for US$2.0 million. In context of Blue Moon’s recent Apex and Gage acquisitions, investors may track how added royalties, claim consolidation and development timelines affect overall project returns and capital needs.

Key Figures

Interest acquired: 100% interest Mining claims: 9 unpatented claims Share consideration: 188,199 common shares +5 more

Interest acquired

100% interest

WO Claims adjacent to Springer Tungsten

Mining claims

9 unpatented claims

WO Claims acquired from Sellers

Share consideration

188,199 common shares

Issued to Sellers as part of Acquisition

Cash consideration

US$1 million

Cash paid to Sellers on closing

GRR range

3.0% to 5.0%

Sliding-scale gross revenue royalty on WO Claims

GRR buy-down rate

1.5%

Optional reduced GRR for limited period

GRR buy-down cost

US$2.0 million

Cash payment to reduce GRR to 1.5%

Buy-down window

3 years

Period in which company may buy down GRR

Previous Acquisition Reports

5 past events · Latest: Apr 28

Same Type 5 events

1. Apr 28

   Springer claims deal

   24h Move

   -9.2%

   Agreed to buy nine claims near Springer with cash, shares and GRR.

2. Apr 02

   Gage Project close

   24h Move

   +0.8%

   Closed Gage Project acquisition with shares and multiple royalty components.

3. Mar 18

   Gage terms agreed

   24h Move

   -6.2%

   Agreed to acquire Gage Project from Liberty Gold with NSR royalty.

4. Mar 02

   Apex deal repeat

   24h Move

   +21.5%

   Repeat announcement of Apex mine acquisition terms and expected closing.

5. Feb 27

   Apex mine deal

   24h Move

   +21.5%

   Initial agreement to acquire Apex mine with share and NSR consideration.

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

Key Terms

gross revenue royalty, unpatented mining claims

2 terms

gross revenue royalty financial

"Blue Moon granted a gross revenue royalty ("GRR") on the WO Claims..."

A gross revenue royalty is a fixed payment calculated as a percentage of a company’s total sales before expenses, paid to a third party such as an investor, landowner or licensor. It matters to investors because it directly reduces the cash a business keeps from each sale—like a toll taken from every dollar of income—affecting profitability, cash flow and the company’s ability to reinvest or pay dividends, and it is paid regardless of whether the business is profitable.

unpatented mining claims technical

"The WO Claims consist of nine unpatented mining claims."

A claim to minerals on public land where the holder has the right to explore and extract resources but does not own the surface or the underlying land title. Like renting a plot to dig for treasure while the government still owns the ground, these claims give producers potential access to valuable ore but carry extra risks — they can require permits, be contested or lost, and often complicate financing and company valuation for investors.

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

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TORONTO, May 15, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) successfully closed its previously announced acquisition of 100% interest of certain claims adjacent to Springer (the "WO Claims") from GoldPlay LLC and Robert Schafer (the "Sellers") as described in the press release dated April 28, 2026 (the "Acquisition").

In connection with the closing of the Acquisition, Blue Moon wishes to highlight the following:

• The Acquisition is at arms' length between the Company and the Sellers with no finders' fees being paid on the Acquisition.
• The WO Claims consist of nine unpatented mining claims.
• As part of the Acquisition, Blue Moon issued 188,199 common shares of Blue Moon to the Sellers.
• As part of the Acquisition, Blue Moon paid US$1 million cash to the Sellers.
• As part of the Acquisition, Blue Moon granted a gross revenue royalty ("GRR") on the WO Claims, on a sliding scale from 3.0% to 5.0%, in favour of the Sellers, with an option in favour of the Company to buy down the GRR, regardless of which sliding scale is applicable, to 1.5% for a period of 3 years for a cash payment of US$2.0 million.

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.

Without limiting the generality of the foregoing, this news release contains forward-looking information pertaining to the following: the advancement of Blue Moon's operations across multiple jurisdictions; 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 the Acquisition and integrate the WO Claims with the Springer project operations; risks associated with mining operations in Nevada; regulatory and permitting risks at the state and federal level including with respect to the development of the WO Claims; 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 at various sites; and the integration of the WO Claims and the Springer project operations.

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

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

What did Blue Moon (NASDAQ:BMM) announce on May 15, 2026 about the Springer tungsten claims?

Blue Moon announced it closed the acquisition of a 100% interest in nine unpatented WO Claims adjacent to Springer. According to Blue Moon, the arm’s length deal involves shares, cash, and a sliding-scale gross revenue royalty granted to the sellers.

How many shares did Blue Moon (NASDAQ:BMM) issue for the WO Claims acquisition?

Blue Moon issued 188,199 common shares to the sellers as part of the WO Claims acquisition. According to Blue Moon, this equity component formed part of the overall consideration alongside a cash payment and a gross revenue royalty on the acquired claims.

What cash consideration did Blue Moon (BMM) pay to acquire the WO Claims?

Blue Moon paid US$1 million in cash to the sellers when closing the WO Claims acquisition. According to Blue Moon, this payment complements the share issuance and royalty grant that together secure a 100% interest in the nine unpatented claims adjacent to Springer.

What are the royalty terms on Blue Moon’s newly acquired WO Claims?

The company granted a sliding-scale gross revenue royalty of 3.0% to 5.0% on the WO Claims. According to Blue Moon, it can buy down this GRR to 1.5% within three years by paying US$2.0 million in cash to the sellers.

Is Blue Moon’s WO Claims acquisition considered an arm’s length transaction?

Yes, the WO Claims acquisition is described as an arm’s length transaction between Blue Moon and the sellers. According to Blue Moon, no finders’ fees were paid on the deal, which involved shares, cash, and a gross revenue royalty structure.