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

Blue Moon Metals (NASDAQ: BMM / TSXV: MOON) announced a follow-on investment by strategic partner Hartree Partners totaling approximately C$4.8 million.

Rhea-AI Summary

Blue Moon Metals (NASDAQ: BMM / TSXV: MOON) announced a follow-on investment by strategic partner Hartree Partners totaling approximately C$4.8 million. Hartree intends to purchase 526,617 common shares at $9.06 per share under a top-up right from the investor rights agreement.

Completion is subject to TSX Venture Exchange approval and is expected to close by about April 29, 2026. Proceeds are expected to fund project development at the company's brownfield polymetallic projects and for general corporate purposes. Issued shares will be subject to a statutory four-month-plus-one-day hold period in Canada.

Positive

• C$4.8 million gross proceeds to fund project development
• 526,617 common shares purchased by strategic partner Hartree
• Hartree exercises top-up right to retain its interest

Negative

• Financing subject to TSX Venture Exchange approval, closing not guaranteed
• Hartree Shares will be subject to a statutory 4-month-and-one-day hold period

Key Figures

Hartree investment size: C$4.8 million Hartree share price: $9.06 per share Hartree Shares issued: 526,617 shares +5 more

Hartree investment size

C$4.8 million

Follow-on top-up investment under Hartree IRA

Hartree share price

$9.06 per share

Issue price for 526,617 Hartree Shares

Hartree Shares issued

526,617 shares

Common shares to be issued under top-up right

Hold period

4 months and 1 day

Statutory hold on Hartree Shares in Canada

Current share price

$4.39

Pre-news price for BMOOF

Daily volume

75,909 shares

Trading volume vs 20-day average of 15,650

52-week range

$0.02–$4.49

Current price is 2.23% below 52-week high

200-day MA

$2.67

Price trading above long-term moving average

Historical Context

4 past events · Latest: Jan 23

4 events

1. Jan 23

   Nasdaq listing & board

   24h Move

   +2.8%

   Nasdaq uplisting and new director appointment to expand U.S. capital access.

2. Dec 01

   Norway projects update

   24h Move

   -3.7%

   Operational progress at Nussir and NSG, including declines and drilling plans.

3. Nov 13

   AGM voting results

   24h Move

   -1.1%

   Strong shareholder support for all resolutions and new Norwegian directors.

4. Oct 28

   Senior HR/ESG hire

   24h Move

   -0.5%

   Appointment of SVP HR & Sustainability and insider share purchase.

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

Key Terms

investor rights agreement, top-up right, statutory 4-month and one day hold period, brownfield, +1 more

5 terms

investor rights agreement financial

"further to its investor rights agreement dated March 7, 2025"

A legally binding contract between a company and its investors that spells out investors’ core protections and privileges—such as voting rights, how and when shares can be sold, information access, and steps for resolving disputes. Think of it like a rulebook or homeowner association agreement for ownership: it clarifies who gets a say, how value can be realized, and what protections exist if things go wrong, making investment risks and expectations clearer for shareholders.

top-up right financial

"intention to exercise their "top-up right" as it relates certain share issuances"

A top-up right lets an existing shareholder buy extra shares in a future offering so their percentage ownership in the company doesn’t shrink. Think of it like being offered an option to buy more slices of the same pie when the baker makes a bigger pie, so your share stays the same; for investors, it protects influence and potential returns when new shares are issued.

statutory 4-month and one day hold period regulatory

"subject to a statutory 4-month and one day hold period in Canada"

A statutory 4-month and one day hold period is a legally required freeze on resale of certain securities for four months plus one day after they are issued or transferred. Think of it as a cooling-off or lockbox that prevents early selling; it matters to investors because it limits short-term liquidity and can affect share supply, price volatility and the timing of when holders can convert paper into cash.

brownfield technical

"used for project development at the Company's brownfield polymetallic projects"

A brownfield is a property or site that has been previously developed or used—often with existing buildings, infrastructure, or environmental contamination—and is being reused, redeveloped, or expanded rather than built on from scratch. For investors it matters because brownfields can offer cost and time savings compared with starting new (like renovating an old house versus building one), but they also carry risks such as cleanup obligations, regulatory delays, and hidden expenses that affect returns and timelines.

polymetallic technical

"project development at the Company's brownfield polymetallic projects"

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 22, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that further to its investor rights agreement dated March 7, 2025 (the "Hartree IRA") Hartree Partners LP ("Hartree"), a strategic partner to the Blue Moon, has issued to the Company notice of their intention to exercise their "top-up right" as it relates certain share issuances completed by the Company through March 31, 2026.

Subject to the approval of the TSX Venture Exchange, an aggregate of 526,617 common shares (the "Hartree Shares") will be issued to Hartree at a price of $9.06 per Hartree Share for total gross proceeds of approximately C$4.8 million (the "Financing"), calculated in accordance with the Hartree IRA, to retain its interest in the Company.

Completion of the Financing is subject to approval by the TSX Venture Exchange and is expected to close by about April 29, 2026. No finder's fees were paid in connection with the Financing, and the Hartree Shares issued pursuant to the Financing will be subject to a statutory 4-month and one day hold period in Canada from the date of issuance. 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

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

What did Blue Moon (BMM) announce on April 22, 2026 about Hartree's investment?

Hartree intends to invest approximately C$4.8 million by acquiring 526,617 shares at $9.06 per share. According to the company, this follows a top-up right under the March 7, 2025 investor rights agreement and targets retention of Hartree's interest.

When will the Hartree financing for Blue Moon (BMM) close and what approvals are required?

The transaction is expected to close by about April 29, 2026, subject to TSX Venture Exchange approval. According to the company, completion depends on that regulatory approval and customary closing conditions.

How will Blue Moon (BMM) use the proceeds from Hartree's C$4.8M investment?

Proceeds are expected to be used for project development at brownfield polymetallic projects and for general corporate purposes. According to the company, funds will support ongoing development activities and corporate needs.

Will the Hartree shares issued to Hartree be restricted after issuance to Blue Moon (BMM)?

Yes. The Hartree Shares will be subject to a statutory 4-month-and-one-day hold period in Canada from issuance. According to the company, that hold period applies under Canadian securities rules.

How many shares and at what price is Hartree acquiring in the Blue Moon (BMM) financing?

Hartree intends to acquire 526,617 common shares at a price of $9.06 per share, for gross proceeds of about C$4.8 million. According to the company, the price and share count are calculated under the Hartree investor rights agreement.