Blue Moon Consolidates Springer Tungsten Claims with Acquisition of Claims from GoldPlay LLC and a Private Party

Rhea-AI Summary

Blue Moon Metals (NASDAQ: BMM) agreed to acquire nine unpatented claims adjacent to the Springer Mine in Pershing County, Nevada, for 188,199 common shares, US$1.0 million cash and a sliding-scale gross revenue royalty (GRR). Completion is subject to TSXV approval and expected by early May 2026.

The Claims cover portions of Stank, O'Byrne and Sutton deposits and reference historical high-grade drill results including 1.0m @ 3.95% WO3. Blue Moon has an option to buy down the GRR to 1.5% within three years for US$2.0 million.

Positive

• Consolidates land position around Springer Mine by acquiring nine adjacent claims
• Consideration partly equity with issuance of 188,199 common shares
• References high-grade drill result of 1.0m @ 3.95% WO3 on the Claims
• Optional GRR buy-down to 1.5% for US$2.0 million provides future cost control

Negative

• Cash outlay of US$1.0 million required at closing
• GRR creates ongoing royalty liability on any mineral production from the Claims
• Completion conditional on TSXV approval, creating timing and regulatory uncertainty
• Qualified Person is non-independent which may affect perceived technical independence

Market Context

This announcement extends Blue Moon’s Springer strategy by acquiring nine unpatented claims around t...

Analysis

This announcement extends Blue Moon’s Springer strategy by acquiring nine unpatented claims around the tungsten deposit, paid via 188,199 shares, US$1 million cash, and a sliding-scale GRR with a 1.5% buy-down option. It follows earlier acquisitions of the Springer Mine and major Norwegian assets. Key watchpoints include TSXV approval, follow-up drilling to validate high-grade intervals like 3.95% WO3, and how royalty terms integrate into overall project economics.

Key Figures

Share consideration: 188,199 shares Cash consideration: US$1 million GRR buy-down rate: 1.5% +4 more

7 metrics

Share consideration 188,199 shares Common shares issued to Sellers for Springer-adjacent claims

Cash consideration US$1 million Cash component to acquire 100% of the Claims

GRR buy-down rate 1.5% Optional sliding-scale gross revenue royalty buy-down level

GRR buy-down cost US$2.0 million Cash payment to reduce GRR to 1.5% within 3 years

Number of claims 9 unpatented claims Mineral claims acquired adjacent to Springer Mine

Drill interval length 1.0 m High-grade tungsten trioxide interval in hole SU-43

Tungsten grade 3.95% WO3 Grade over 1.0 m interval reported on the Claims

Previous Acquisition Reports

4 past events · Latest: Oct 14 (Positive)

Same Type Pattern 4 events

Date	Event	Sentiment	24h Move	Catalyst
Oct 14	Springer mine MOU	Positive	+22.1%	MOU to acquire Springer Mine and plant plus Nasdaq listing intent.
Apr 14	Norway project deals	Positive	+12.4%	OTCQB quotation reinstated following transformational Norwegian project acquisitions.
Mar 13	Major acquisitions, financing	Positive	-0.2%	Completion of Nussir and NSG acquisitions, $35.4M equity raise, TSXV Tier 1.
Mar 10	Nussir infrastructure buy	Positive	-0.2%	Acquisition of Repparfjord Eiendom AS and C$5.25M Hartree equity investment.

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

Pattern Detected

Acquisition-related announcements have often been followed by notable moves, with a mix of strong positive reactions and occasional mild divergences.

Recent Company History

Over the past year, Blue Moon has used acquisitions to transform its asset base. In March–April 2025, it completed transformational deals for Norwegian projects and related infrastructure, coupled with equity financings of $35.4 million and strategic investment by Hartree Partners. On October 14, 2025, it entered an MOU to acquire the Springer Mine and processing plant in Nevada. Today’s Springer-area claim consolidation follows that strategy of building district-scale control around key projects.

Key Terms

gross revenue royalty, unpatented mineral claims, skarn, tungsten trioxide, +2 more

6 terms

gross revenue royalty financial

"and a sliding scale gross revenue royalty ("GRR") on the concessions"

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 mineral claims technical

"The Claims consist of nine unpatented mineral claims."

Unpatented mineral claims are legal rights to explore and remove minerals from public land without owning the surface itself; think of it like holding a long-term rental permit to dig in a yard you don't own. They matter to investors because the rights are conditional, must be maintained and renewed, and can be lost if rules aren’t followed, which affects a project’s value, cost, transferability and regulatory risk.

skarn medical

"At the Springer Mine, skarn formation and the tungsten mineralization is associated"

A skarn is a type of rock that forms when hot magma interacts with surrounding rocks, causing chemical changes and the creation of mineral-rich deposits. For investors, skarns can indicate areas where valuable metals or minerals might be concentrated, making them important in the search for natural resources and potential mining opportunities. Recognizing skarns helps in assessing the potential value of land or mineral rights.

tungsten trioxide technical

"have seen high-grade tungsten trioxide drill results such as 1.0m @ 3.95% WO3"

Tungsten trioxide (chemical formula WO3) is a stable, inorganic oxide of tungsten that appears as a yellowish powder and is used as a raw material and functional ingredient in products like catalysts, electrochromic (light-switching) glass, sensors, pigments and as a precursor to metallic tungsten. Investors care because it is a strategic industrial feedstock: its availability and price influence the costs and margins of manufacturers and mining producers tied to electronics, specialty chemicals and hard metals—think of it as a key recipe ingredient whose scarcity or price swings can affect many downstream businesses.

contact metasomatism technical

"assemblages have been formed by contact metasomatism following the intrusion"

Contact metasomatism is a geological process where hot magma or fluid from an underground intrusion chemically alters the surrounding rocks, often replacing original minerals with new ones. For investors, this matters because such alteration zones can concentrate valuable metals (like copper, gold or tungsten) and act as identifiable targets in exploration—think of it as a cooking process that changes the ingredients and can create pockets of valuable 'flavor' in the rock.

scheelite technical

"During that stage tungsten (scheelite), pyrite, chalcopyrite and molybdenite are emplaced"

Scheelite is a dense, often shiny mineral that contains the metal tungsten and is one of the main sources mined for that metal. It matters to investors because tungsten is used to harden cutting tools, make electrical components and for defense applications; a discovery, reserve estimate or change in production at a scheelite deposit can change a mining project's value and influence tungsten supply and prices, much like an oil field affects an energy company.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

TORONTO, April 28, 2026 /PRNewswire/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that it has entered into an agreement to acquire certain claims adjacent to the Company's Springer Mine (the "Claims"), located in Pershing County, Nevada, USA, from GoldPlay LLC and Robert Schafer (the "Sellers") for consideration of 188,199 common shares of Blue Moon, US$1 million cash and a sliding scale gross revenue royalty ("GRR") on the concessions (the "Acquisition").

Christian Kargl-Simard, CEO of Blue Moon states, "Following the acquisition of the Springer Mine and Processing Plant that closed on February 10, 2026 (see press releases from October 14, 2025 and February 10, 2026), this Acquisition bolsters our land position and strategically consolidates claims around the mine. The Company controls the district of the historical claims around the Springer Tungsten deposit."

The Claims

The Claims consist of nine unpatented mineral claims. The Claims cover a portion of some historically identified veins including the Stank deposit, the O'Byrne deposits and a portion of the Sutton deposit, and have seen high-grade tungsten trioxide drill results such as 1.0m @ 3.95% WO₃ in SU-43.

Springer Geology

At the Springer Mine, skarn formation and the tungsten mineralization is associated with the emplacement of the Springer Stock and the nearby Stocks. Tungsten bearing calc-silicate assemblages have been formed by contact metasomatism following the intrusion of the Springer Stock. The early stage of skarn formation is characterized by very high temperatures. During that stage tungsten (scheelite), pyrite, chalcopyrite and molybdenite are emplaced proximal to the stock.

Transaction Terms

Blue Moon is acquiring 100% of the Claims free and clear of all other encumbrances for the following consideration:

• the issuance by Blue Moon to the Sellers of 188,199 common shares of Blue Moon; and
• US$1 million in cash; and
• a sliding scale GRR, payable on mineral production on the Claims, and subject to an option in favour of Blue Moon to buy down the GRR to 1.5% for a period of 3 years for a cash payment of US$2.0 million.

Key condition precedent to completion of the Acquisition is TSXV approval. A purchase and sale agreement has been executed by the parties on April 27, 2026, and completion is expected to happen by early May. No finders' fees are being paid on this Acquisition.

Qualified Persons and Technical Information

The technical and scientific information of this news release has been reviewed and approved by Mr. Lazaros Dalampiras, MAusIMM, CP(Geo), a non-Independent Qualified Person, as defined by NI 43-101. This news release references projects which are nearby or adjacent to the Claims.  Mineralization on such nearby or adjacent projects is not necessarily indicative of mineralization on the Claims. The indication of mineralization does not imply a resource.

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 list 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 completion of the Acquisition, the expected benefits and synergies from the Acquisition; the potential of the Claims the continued testing, exploration, mining and 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 and integrate the Acquisition; risks associated with the integration of 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 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 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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-moon-consolidates-springer-tungsten-claims-with-acquisition-of-claims-from-goldplay-llc-and-a-private-party-302755910.html

SOURCE Blue Moon Metals

FAQ

What did Blue Moon (BMM) agree to pay for the Springer-adjacent claims on April 28, 2026?

Blue Moon will pay 188,199 common shares, US$1.0 million cash, and a sliding-scale GRR. According to the company, the deal also includes an option to buy down the GRR to 1.5% for US$2.0 million within three years.

Which deposits do the acquired claims cover near the Springer Mine (BMM)?

The nine claims cover parts of the Stank, O'Byrne and Sutton deposits adjacent to Springer. According to the company, historical work on these claims includes a reported drill intercept of 1.0m @ 3.95% WO3.

When will the Blue Moon (BMM) acquisition of the Springer claims close and what is the condition?

Completion is expected by early May 2026 and is subject to TSXV approval. According to the company, a purchase and sale agreement was executed April 27, 2026, and no finders' fees are payable.

What is the gross revenue royalty (GRR) term in Blue Moon's (BMM) claim acquisition?

The GRR is payable on production from the Claims on a sliding scale, with an option to buy it down to 1.5% for US$2.0 million within three years. According to the company, the GRR applies only to the acquired concessions.

How does the acquisition affect Blue Moon's (BMM) Springer district position?

The acquisition expands and consolidates Blue Moon's control of historical claims around the Springer tungsten deposit. According to the company, this bolsters the company's land position following the February 2026 Springer Mine and processing plant acquisition.