Welcome to our dedicated page for Blue Moon Metals news (Ticker: BMOOF), a resource for investors and traders seeking the latest updates and insights on Blue Moon Metals stock.
Blue Moon Metals Inc. (TSXV: MOON, OTCQX: BMOOF) generates frequent news as it advances brownfield polymetallic and critical metals projects in Norway and the United States. Company updates often focus on the Nussir copper-gold-silver project in northern Norway, the NSG copper-zinc-gold-silver project in Norway, and the Blue Moon zinc-gold-silver-copper project in Mariposa County, California.
Recent news releases have covered underground decline construction at Nussir, progress on feasibility and engineering work with Worley, and a directional drilling campaign designed to expand the mineral resource estimate and test deeper extensions of mineralization. At the NSG project, Blue Moon has reported receiving environmental permits, awarding a tunnel extension contract to Fauskebygg AS, and planning a substantial underground exploration drilling program at the Rupsi deposit.
In the United States, news has highlighted the award and commencement of a portal and exploration decline at the Blue Moon project in California, as well as a memorandum of understanding to acquire the Springer Mine and mill in Nevada as part of a hub-and-spoke critical metals strategy. Financing developments, including equity subscriptions and a bridge loan with funds managed by Oaktree Capital Management and Hartree Partners, have also been key topics.
Investors following BMOOF news can use this page to track project milestones, technical studies, financing arrangements, board and management changes, and strategic initiatives related to critical metals. Regular updates provide insight into how Blue Moon is progressing its portfolio across Norway and the United States.
Blue Moon Metals (TSXV: MOON) has announced a transformational acquisition of Repparfjord Eiendom AS (REAS) from Wergeland Eigedom AS for approximately US$16 million, paid through 42.1 million common shares and US$7.2M in cash. The deal includes important infrastructure for the Nussir Project in Norway.
Key acquired assets include:
- Modern ship-loading and conveyer system with port facilities
- Operating aggregate mine
- Construction barracks and administrative buildings
- 6,000 tpd flotation plant facility
- Water reservoir license and ancillary lands
Additionally, Hartree Partners has invested C$5.25 million by purchasing 17.5 million shares at C$0.30 per share, now holding approximately 8% of Blue Moon. The company also announced a 10:1 share consolidation effective March 14, 2025, reducing outstanding shares to approximately 51.1 million.
Blue Moon Metals (TSXV: MOON) has announced a proposed share consolidation, pending regulatory and TSX Venture Exchange approval. The consolidation will be conducted on a ratio of up to 10:1, meaning every ten existing shares will be converted into one new share.
Under the maximum proposed ratio, the company's current 451,492,486 outstanding common shares would be reduced to approximately 45,149,248 shares. The final consolidation ratio will be determined by the Board within regulatory requirements. Fractional shares will be rounded up if 0.5 or greater, and down if less than 0.5.
The company's name and trading symbol will remain unchanged. The consolidation will be conducted on a 'push-out' basis, requiring no action from shareholders. The Directors believe this move will enhance share marketability and facilitate future financing opportunities.
Blue Moon Metals (TSXV: MOON) announced positive results from its Preliminary Economic Assessment (PEA) for the Blue Moon VMS deposit in Mariposa County, California. The study outlines development plans for an underground mine producing zinc and copper concentrates.
Key highlights include:
- 1,800 tonnes per day throughput capacity
- After-tax base case IRR of 38%
- Underground mining using long-hole drilling and stoping
- Construction expected to start in 2026, subject to permitting
- Project to create 250 permanent jobs and 1,000 temporary construction jobs
The project features an updated Mineral Resource estimate based on 87 drill holes. The company plans to continue engineering and development activities, with the next step being permitting an exploration ramp for infill and exploration drilling to support a feasibility study. Baseline environmental studies are currently underway.
Blue Moon Metals has successfully completed key acquisitions, acquiring 93.55% of Nussir ASA and 100% of Nye Sulitjelma Gruver AS. The transaction involved issuing 297,761,490 Blue Moon shares as consideration, bringing total outstanding shares to 451,015,886.
The company announced significant leadership changes, appointing Skott Mealer as President and COO, and Theodore Veligrakis as VP Exploration. Dr. Karin Thorburn and Francis Johnstone joined the board of directors. The company awarded 2,750,000 incentive stock options to new officers at C$0.355 per option.
Post-acquisition, ownership distribution stands at: former Blue Moon shareholders (10.42%), Nussir shareholders (47.29%), and NSG shareholders (10.97%). Notable stakeholders include Monial AS with 18.39% and Baker Steel Resources Trust with 12.84% ownership.
Blue Moon Metals announces key management changes with Christian Kargl-Simard replacing Patrick McGrath as CEO and Frances Kwong succeeding Varun Prasad as CFO, effective immediately. The company also adds Garfield MacVeigh and Christian Aramayo as Board advisors. Kargl-Simard brings over 20 years of mining industry experience and previously led Adventus Mining to a $235M acquisition by Silvercorp Metals. The company has awarded 1,775,000 restricted share units and deferred share units, plus 1,150,000 incentive stock options at C$0.34 per share to various directors, advisors, and consultants.
Blue Moon Metals Inc. (TSX-V: MOON, OTCQB: BMOOF) has awarded Micon International the contract to complete a Preliminary Economic Assessment (PEA) for its 100% owned Blue Moon Project in central California. The project hosts the largest known polymetallic volcanogenic massive sulfide (VMS) deposit in the Foothills Massive Sulfide Belt, with an indicated resource of 3.51 MT grading 11.07% Zinc equivalent (ZnEq) and an inferred resource of 3.83 MT grading 10.71% ZnEq.
The PEA is set to commence immediately and is expected to be completed in Q1 2025. It will explore a preliminary ramp design for underground access, replacing the earlier shaft concept. The study will also assess the potential for additional saleable byproducts such as barite, gypsum, and pyrite concentrate. Blue Moon aims to fast-track the project's development, drawing parallels to Adriatic Metals plc's Vares deposit.
Blue Moon Metals Inc. (TSXV: MOON; OTCQB: BMOOF) has announced the sale of its Yava project in Nunavut to Honey Badger Silver Inc. (TSXV: TUF). The transaction involves Blue Moon receiving 4,250,000 common shares of Honey Badger, valued at approximately $340,000 (based on $0.08 per share). This represents about 6.5% of Honey Badger's total issued and outstanding shares.
The consideration is subject to a four-month hold period, and Blue Moon has agreed to a twelve-month lock-up period. CEO Patrick McGrath stated that the Yava project offers an exciting silver exploration opportunity, and Blue Moon will continue to participate in its future through its ownership in Honey Badger. The company plans to focus on developing its Blue Moon deposit in the United States and is evaluating next steps, including the possibility of commencing a Preliminary Economic Assessment.
Blue Moon Metals Inc. (OTCQB: BMOOF) reported significant results from its 2021 exploration program in Mariposa County, California. Notably, the discovery of a new massive sulphide zone, the South Zone, expands the resource potential. Additionally, the American Eagle Zone has been extended to over 700 meters in depth. CEO Patrick McGrath emphasizes the significance of these findings for future drilling. Assay results from drill holes BM21-83 and BM21-81 indicate promising mineralization, including zinc, copper, and silver. Further drilling is planned to delineate these zones.
Blue Moon Metals Inc. (OTCQB: BMOOF) announced an agreement with Think Ink Marketing to enhance public awareness of its Blue Moon project. The contract is month-to-month, with a budget of up to $10,000 monthly for marketing services like online ads. The Blue Moon polymetallic deposit, containing zinc, gold, silver, and copper, has an inferred resource of 7.8 million tons at 8.07% zinc equivalent. Located close to key infrastructures, the project is promising for future development.
Blue Moon Metals Inc. (TSX:MOON, OTCQB:BMOOF) announced the successful completion of its 2021 drill program at the Blue Moon project, encompassing 5,873 feet of drilling aimed at identifying new sulphide lens opportunities. The US Geological Survey has added zinc to its Critical Minerals List, highlighting its significance for the U.S. economy and infrastructure plans. The Blue Moon project hosts a 43-101 Mineral Resource with 7.8 million inferred tons at 8.07% zinc equivalent, translating to substantial zinc, gold, copper, and silver reserves.