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Blue Moon Metals Inc. (TSXV: MOON) (NASDAQ: BMM) has entered into an agreement to acquire certain claims adjacent to its Springer Mine in Pershing County, Nevada, from GoldPlay LLC and Robert Schafer. The acquisition consideration includes common shares, cash, and a sliding scale gross revenue royalty (GRR).
The company will acquire nine unpatented mineral claims adjacent to the Springer Mine. Blue Moon will acquire 100% of the claims free and clear of other encumbrances.
Under the agreement, Blue Moon will pay the sellers:
The GRR includes an option for Blue Moon to buy down the royalty to 1.5% for a period of three years in exchange for a cash payment of US$2.0 million.
A key condition precedent to completion is approval by the TSX Venture Exchange (TSXV). A purchase and sale agreement was executed on April 27, 2026, and completion is expected in early May. No finders’ fees are being paid in connection with the acquisition.
The claims cover portions of historically identified veins, including the Stank deposit, the O’Byrne deposits, and part of the Sutton deposit. The claims have reported high-grade tungsten trioxide (WO3) drill results, including 1.0m at 3.95% WO3 in SU-43.
At the Springer Mine, skarn formation and tungsten mineralization are associated with the emplacement of the Springer Stock and nearby stocks. Tungsten-bearing calc-silicate assemblages formed through contact metasomatism following intrusion of the Springer Stock. Early skarn formation is described as occurring at very high temperatures, with tungsten (scheelite), pyrite, chalcopyrite, and molybdenite emplaced proximal to the stock.
The technical and scientific information in the news release was reviewed and approved by Mr. Lazaros Dalampiras, MAusIMM, CP(Geo), a non-Independent Qualified Person as defined by NI 43-101. The release notes that it references projects nearby or adjacent to the claims, and mineralization on such nearby or adjacent projects is not necessarily indicative of mineralization on the claims. The release also states that indications of mineralization do not imply a resource.
Blue Moon is advancing five brownfield polymetallic projects: 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.
The company states that all five projects are well located with existing local infrastructure, including roads, power, and historical infrastructure. It also notes that zinc, copper, and tungsten are on the USGS and EU list of metals critical to the global economy and national security, and that 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.
The company’s release includes forward-looking information regarding completion of the acquisition, expected benefits and synergies, and the potential of the claims, including continued testing, exploration, mining, and advancement. It also outlines risks and uncertainties that could cause actual results to differ materially, including the inability to complete and integrate the acquisition, integration risks related to Springer project operations, mining risks in Nevada, and regulatory and permitting risks at the state and federal level.
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