Blue Moon Metals Completes First Blast on Nussir Access Portal Ahead of Schedule
Rhea-AI Summary
Positive
- First blast completed ahead of schedule, demonstrating efficient project execution
- Significant 2,500-meter decline development planned, enabling extensive underground exploration
- Strategic positioning to supply Europe's copper market
- Clear timeline for final investment decision in 2026
Negative
- Final investment decision still pending until 2026
- Additional year of exploration required before production decision
- Significant capital expenditure needed for decline development
News Market Reaction – BMOOF
On the day this news was published, BMOOF declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, June 16, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (“Blue Moon” or the “Company”) (TSXV: MOON; OTCQX: BMOOF), is pleased to announce that the company has commenced underground construction on the Nussir Mine completing the first blast on the access portal on June 12, 2025; ahead of schedule.
Nussir’s mining contractor, Leonhard Nilsen & Sonner AS (“LNS”) will extend the decline approximately 2,500 meters providing a platform for further underground exploration. The exploration work to be completed over the next year will provide key engineering inputs and lead to a final investment decision in 2026.
Christian Kargl-Simard, Blue Moon’s CEO states: “This key milestone marks the start of the next chapter in the exciting Nussir story and brings us one step closer to putting this important critical metals mine into operation supplying Europe’s copper needs.”
About Blue Moon
Blue Moon is advancing 3 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States and the NSG copper-zinc-gold-silver project in Norway. All 3 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc and copper are currently on the USGS and EU list of metals critical to the global economy and national security. More information is available on the Company’s website (www.bluemoonmetals.com).
For further information:
Blue Moon Metals Inc.
Christian Kargl-Simard
CEO and Director
Phone: (416) 230 3440
Email: christian@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 includes “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian and U.S. securities laws. All statements included herein that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking information may in some cases be identified by words such as “will”, “anticipates”, “expects”, “intends” and similar expressions suggesting future events or future performance.
We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. 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 our current objectives, strategies and intentions to change. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. 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. We are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
Forward-looking information is provided herein for the purpose of giving information about the Nussir Mine and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes.
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.
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5c5f9ad7-cb1f-44d9-a80e-ea6c4a4b6121
https://www.globenewswire.com/NewsRoom/AttachmentNg/672ecc75-a5d2-43e4-be2e-60374ba542d5
FAQ
What milestone did Blue Moon Metals (BMOOF) achieve at the Nussir Mine in June 2025?
How long will the decline be at Blue Moon Metals' Nussir Mine?
When is Blue Moon Metals (BMOOF) expected to make the final investment decision for the Nussir Mine?
Who is the mining contractor for Blue Moon Metals' Nussir project?
What is the primary metal target at Blue Moon Metals' Nussir Mine?
