Blue Moon Metals Closes C$156.3 Million in Bought Deal Offerings for Project Development

Blue Moon Metals Inc. (TSX.V: MOON) (NASDAQ: BMM) announced Wednesday the closing of its previously disclosed bought deal public offering and concurrent bought deal private placement, raising aggregate gross proceeds of C$156.25 million. The company issued 15.625 million common shares at a price of C$10.00 each.

The net proceeds are expected to support construction capital for the Nussir and Blue Moon projects, development at the Springer Tungsten and Apex projects, additional exploration, U.S. growth initiatives and general corporate purposes, subject to final approval from the TSX Venture Exchange. The full press release is available at this link.

Blue Moon is advancing five 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 gallium, germanium, copper, and silver project in the United States. All five projects are well located with existing local infrastructure including roads, power and historical infrastructure.

The company’s portfolio focuses on metals deemed critical by the U.S. Geological Survey and the European Union for the global economy and national security. Zinc, copper, tungsten, gallium and germanium are currently on these lists. Major shareholders include 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 at Blue Moon Metals.

The successful capital raise underscores investor confidence in Blue Moon’s strategy to develop critical mineral projects in stable jurisdictions. With construction capital secured for the Nussir copper-gold-silver project in Norway and the Blue Moon zinc-gold-silver-copper project in the U.S., the company is positioned to advance these assets toward production. The Nussir project, in particular, is one of Europe’s most significant copper resources and could play a role in reducing reliance on imported critical minerals.

The Springer tungsten-molybdenum and Apex gallium-germanium projects add further diversification. Tungsten is used in defense and industrial applications, while gallium and germanium are essential for semiconductors and solar panels. Both the U.S. and EU have identified these metals as critical, and domestic supply chain concerns have heightened interest in such projects.

Blue Moon’s ability to attract investment from institutional shareholders like Oaktree and Wheaton Precious Metals suggests strong backing for its development plans. The company’s focus on brownfield sites with existing infrastructure reduces capital requirements and timelines compared to greenfield projects.

As the global economy transitions toward clean energy and advanced technologies, demand for these critical minerals is expected to rise. Blue Moon’s portfolio positions it to contribute to supply security, but the company still faces permitting, construction and market risks. The closing of this offering provides the financial runway to move forward with development activities.

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