Blue Moon Reports Assay of 0.180% Germanium, 0.0273% Gallium and 1.96% Copper from Bulk Sample at Apex and Provides Apex Project Update
Rhea-AI Summary
Blue Moon (NASDAQ:BMM) reported assay results from a 100 kg maiden bulk sample at its recently acquired Apex germanium-gallium-copper project in Utah. The blended sample returned 0.180% germanium, 0.0273% gallium and 1.96% copper, supporting ongoing metallurgical testwork and flowsheet design.
The company is assessing direct shipping ore (DSO) opportunities and reports unsolicited interest from major germanium and gallium users. Permitting is targeted for completion by Q2 2027, with potential contract-mined DSO as early as Q3 2027, which Blue Moon indicates could potentially supply nearly all U.S. germanium demand.
Positive
- Maiden 100 kg bulk sample graded 0.180% Ge, 0.0273% Ga, 1.96% Cu
- Metallurgical program advancing based on new Apex bulk sample assays
- Exploring direct shipping ore sales from historically high-grade Apex mineralization
- Unsolicited interest from major germanium and gallium users and producers
- Permitting timeline targeted for Q2 2027 completion for the Apex mine
- At 150 tpd, Apex could potentially supply nearly all U.S. germanium demand
Negative
- Samples are selective and not necessarily representative of overall mineralized zone
- Mine permitting still in process, with completion only targeted for Q2 2027
- Potential DSO start from Apex not expected before at least Q3 2027
News Market Reaction – BMM
In the Jun 29 session, BMM gained 3.76%, reflecting a moderate positive market reaction. Argus tracked a peak move of +2.4% during that session. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 24 | Project milestones | Positive | +2.6% | EPC award and key permit approvals for Nussir processing plant and operations. |
| May 15 | Asset acquisition | Positive | +0.1% | Acquisition of additional Springer tungsten claims on share, cash and royalty terms. |
| May 15 | Management changes | Neutral | -8.1% | Senior appointments and one resignation to support U.S. projects and Nussir. |
| May 06 | Equity offering | Negative | +6.8% | C$156M bought‑deal share offering to fund construction and project advancement. |
| Apr 28 | Asset acquisition | Neutral | -9.2% | Agreement to acquire additional Springer claims with cash, shares and sliding GRR. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news shows mixed reactions, with several project and financing updates prompting price moves that diverge from the apparent news tone.
Key Terms
direct shipping ore technical
dso technical
flowsheet technical
peroxide fusion technical
qualified person regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
This initial sampling program represents the first results following the closing of the acquisition of Apex from a subsidiary of Teck Resources Limited on March 16, 2026. A 100 kg sample was obtained from Apex and sent to the laboratory for analysis ahead of metallurgical testing. The sample was crushed and blended, with assay results highlighting
Prices of germanium and gallium have seen material increases in recent months, with Fastmarkets estimating (as of June 26, 2026) current spot prices for
In parallel with site activities, Blue Moon is exploring the potential to sell direct shipping ore ("DSO") from Apex. This possibility of selling DSO owes to the high-grade nature of the primary germanium-gallium mineralization mined historically at the Project, and the constrained germanium market ex-
Sampling and Analytical Method
The samples reported in this news release are samples collected from exposed mineralization at Apex. These samples are selective in nature and are not necessarily representative of the average grade or size of the mineralized zone. All samples were stored and shipped using industry best practices and were delivered to Blue Coast Research Ltd. ("Blue Coast"),
Qualified Persons
The technical and scientific information of this news release has been reviewed and approved by Mr. Simon Cooper, P.Eng., a Blue Moon employee, and a non-Independent Qualified Person, as defined by NI 43-101.
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 ability to obtain permits on a timely basis, engaging a mining contractor on a timely basis, if the bulk sample is representative of the overall orebody, if the historical resources can be validated and if a commercial flowsheet or DSO agreement can be achieved. 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 permits as required; estimates of resources; and the potential commercialization of the DSO concept.
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