Blue Moon Provides Update on Financing and Engagement of Outside the Box Capital
Blue Moon Metals (NASDAQ: BMM) announced a financing update and a marketing engagement on March 6, 2026.
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Rhea-AI Summary
Blue Moon Metals (NASDAQ: BMM) announced a financing update and a marketing engagement on March 6, 2026. Hartree Partners exercised a pre-emptive right to buy 12,613 common shares at $7.208 per share, joining Leonhard Nilsen & Sønner in a combined offering of 181,127 shares for $1,305,563.41 gross proceeds.
The Financing is subject to TSXV approval, expected to close about March 9, 2026, with proceeds earmarked for underground development at the Nussir Project. Blue Moon also engaged Outside The Box Capital for six months for a US$200,000 upfront fee for marketing services.
Positive
- Financing raises $1.305M in gross proceeds
- Proceeds earmarked for underground development at Nussir Project
- Existing investor Hartree exercised pre-emptive rights, indicating shareholder participation
Negative
- Financing subject to TSXV approval, adding conditional risk to closing
- US$200,000 upfront marketing fee increases near-term cash outflow
Details
News Market Reaction – BMM
On Mar 9, the first trading day after this news, BMM closed 2.02% below the previous close.
Data tracked by StockTitan Argus for the Mar 9 session.
Key Figures
- Hartree subscription shares
- 12,613 shares
- Hartree pre-emptive participation in Financing
- Subscription price
- $7.208 per share
- Price for Hartree Subscription
- Total Financing shares
- 181,127 shares
- Aggregate common shares in LNS + Hartree Financing
- Total gross proceeds
- $1,305,563.41
- Aggregate proceeds from Financing
- Hold period
- 4 months and 1 day
- Statutory hold on Financing shares
- Marketing engagement term
- 6 months
- Duration of Outside The Box Capital services
- Marketing payment
- US$200,000
- Upfront payment for investor awareness services
- 1-day price move
- -4.63%
- Change in BMM share price prior to this news
Historical Context
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C$1.2M follow-on subscription by mining contractor for Nussir development.
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Agreement to acquire Apex germanium, gallium and copper mine from Teck.
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Deal to acquire historic Apex mine, expanding critical minerals platform.
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Announcement of 35,000–45,000 m 2026 infill and step-out drilling.
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Closing of Springer tungsten mine and processing plant acquisition for US$18.5M.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
pre-emptive right financial
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Hartree's pre-emptive right to participate in the Financing, pursuant to a pre-existing agreement between the Company and Hartree, was triggered by the LNS Subscription. The Hartree Subscription is expected to close concurrently with the closing of the LNS Subscription, on or about March 9, 2026.
The Financing is subject to approval by the TSX Venture Exchange ("TSXV"). No finder's fees were paid in connection with the Financing, and the common shares issued pursuant to the Financing will be subject to a statutory 4-month and one day hold period from the date of issuance. The proceeds from the Financing are expected to be used for underground development at the Company's Nussir Project in
Engagement of Outside the Box Capital
Blue Moon is pleased to announce that it has engaged Outside The Box Capital Inc. ("Outside The Box Capital"), a marketing services firm at 2202 Green Orchard Place,
The Services will include, but are not limited to, planning and creating social media content, assisting the Company with its various social media channels, increasing investor awareness in new communities, and producing feature content about the Company on its own and other third-party media platforms.
The engagement is for a term of six months commencing March 9, 2026. The Company will make an upfront payment of
Outside The Box Capital has no direct relationship with the Company other than pursuant to this engagement. To the best of the Company's knowledge, as of the date hereof, Outside The Box Capital, including its directors and officers, does not own, directly or indirectly, any securities of the Company, nor does it have any right to acquire such securities. Outside The Box Capital may acquire securities of the Company in the open market in the future; however, it will not receive any securities as compensation for the Services.
About Blue Moon
Blue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in
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
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
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
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