Blue Moon Metals Inc Stock Price, News & Analysis

Blue Moon Metals announced that its Nussir Copper Project in Northern Norway has been designated as a Strategic Critical Raw Material Project by the European Union Commission. The project is among 13 projects outside the EU selected under the 2023 EU Critical Raw Materials Act (CRMA), which aims to reduce dependence on China. Nussir, the first Norwegian project to receive this status and the only primary copper project selected, will benefit from coordinated EU Commission support, enhanced access to funding, and political backing. The selection followed rigorous technical, environmental, and social reviews. The project stands out for its commitment to clean copper production, utilizing renewable energy sources to produce one of the world's cleanest copper concentrates.

Blue Moon Metals (BMOOF) has announced the start of mobilization for underground development at its Nussir Copper-Gold-Silver Project in Northern Norway. The company has engaged Leonhard Nilsen & Sønner AS (LNS) as the mining contractor, who will develop an exploration decline and confirm underground mining parameters over the next year. This work is crucial for engineering studies leading to a final investment decision in 2026.

Following their initial C$4.2M investment in December 2024, LNS has made an additional equity investment of C$1.13M, subscribing for 376,833 common shares at C$3.00 per share. The company has also retained Red Cloud Securities for market stabilization services at C$7,000 monthly and granted 24,000 incentive stock options to a consultant at C$3.00 per share, exercisable over five years.

Blue Moon Metals (TSXV: MOON; OTCQX: BMOOF) has appointed Boi Linh Doig as Vice-President, Mining to strengthen its management team for developing three polymetallic brownfield projects. Doig brings over 20 years of underground mining experience, most recently serving as Principal Projects Engineer at Evolution Mining – Red Lake Operations.

Her previous roles include Chief Mine Engineer at Newmont Goldcorp's Red Lake Gold Mines and Engineering Team Leader at Goldcorp's Musselwhite Mine. Doig holds a Bachelor of Applied Sciences in Mineral Engineering from the University of Toronto and is a licensed Professional Engineer.

The company has awarded 25,000 restricted share units vesting over three years and 60,000 incentive stock options at C$4.10 per share, exercisable for five years and vesting over three years.

Blue Moon Metals Inc. (TSXV: MOON; OTCQX: BMOOF) has announced its upgrade from the OTCQB® Venture Market to the OTCQX® Best Market, the highest tier of U.S. OTC markets. The company's common shares now trade under the ticker symbol 'BMOOF' on the OTCQX platform.

This strategic move is designed to enhance the company's visibility and accessibility to U.S. investors, particularly benefiting their critical metals mining business centered around the Blue Moon Mine. CEO Christian Kargl-Simard emphasized this upgrade as a significant milestone in strengthening their presence in U.S. capital markets.

Blue Moon Metals (OTCQB: BMOOF) has received Bureau of Land Management (BLM) approval for underground exploration at its Blue Moon Critical Minerals Project in Mariposa County, California. The approval enables the construction of a portal and tunnel for mineral exploration activities at the volcanogenic massive sulphide deposit.

The underground exploration program, estimated to cost US$31M, is scheduled to begin construction in Q3-2025, creating approximately 20 new jobs. The program will support a feasibility study expected to be completed in 24 months. The project received support from Congressman Tom McClintock and aligns with a recent Executive Order to increase American mineral production.

According to the March 2025 Preliminary Economic Assessment (PEA), the project demonstrates top decile economics with an after-tax rate of return exceeding 50% at current spot prices. The company plans to fund the program through a combination of royalty sales, equity, and an existing Hartree Partners standby facility.

Blue Moon Metals (TSXV: MOON; OTCQB: BMOOF) announces the reinstatement of its common shares quotation on the OTCQB Market exchange in the United States, effective April 14, 2025, under the symbol BMOOF. The quotation was previously suspended during the company's trading halt on TSXV, which occurred during its transformational acquisition of two Norwegian projects: the Nussir copper-gold-silver project and the NSG copper-zinc-gold-silver project.

Following the resumption of TSXV trading on March 14, 2025, Blue Moon applied for OTCQB reinstatement. This dual-listing strategy aims to provide existing shareholders with an additional trading platform while expanding the company's investor base in the United States. The company maintains 100% ownership of its Blue Moon zinc-gold-silver-copper project located in the United States.

Blue Moon Metals (TSXV: MOON) has announced a maiden NI 43-101 mineral resource estimate for its Sulitjelma VMS deposit in Norway. The resource includes 17 million tonnes grading 1.06% Cu and 0.21% Zn in the inferred category across three deposits.

The project is located in a historic mining district that produced 26 Mt of 1.80% Cu between 1891-1991. The company has received approval to extend an existing mine tunnel by 1 km and plans to complete 10,000m of underground drilling with a budget of 37 MNOK (~US$3.4M).

Key highlights include:

• Access to historical processing plant infrastructure for nominal value (1 NOK)
• Notable historical intercepts including 3.2m grading 6.82% Cu and 0.85% Zn
• Underground development planned to start in Q3-2025
• Resource based on 601 historic diamond drillholes totaling 78,144m

Blue Moon Metals (TSXV: MOON) announces that the Norwegian Ministry of Trade, Industry and Fisheries has upheld the Operating License and extended deadline for the Nussir Mine operations in the final possible appeal. The license remains valid if mining activities commence by September 2027.

The company's Norwegian subsidiary has secured all primary permits for construction and operations, including operating license, extraction permit, environmental permit, and zoning plan. Secondary permits are either granted or in process. Blue Moon is reviewing the 2023 JORC feasibility study and engaging in engineering optimization.

Pre-construction activities, including underground drilling for reserve conversion and geotechnical purposes, are set to begin in 2025 with a US$30 million budget. The project is fully financed through existing cash and the Hartree standby credit facility announced in December 2024. An updated feasibility study is expected in first half of 2026.

Blue Moon Metals (TSXV: MOON) announced the resumption of trading on March 14, 2025, following a halt since November 27, 2024. The company completed significant acquisitions including Nussir ASA and Nye Sulitjelma Gruver AS on February 26, 2025, followed by acquiring Repparfjord Eiendom AS with associated infrastructure for the Nussir Project in Norway.

The company successfully raised $35.4 million through equity financings at $3.00 per share post-consolidation, with mining contractor LNS contributing $4.2 million and committing an additional $2.3 million tied to project milestones. Blue Moon has been approved for graduation from Tier 2 to Tier 1 status on the TSXV, reflecting enhanced standards and reduced filing requirements.

A 10:1 share consolidation will be implemented, resulting in approximately 51.1 million post-consolidation shares outstanding.