Blue Moon Announces Follow on Investment of C$1.2M from Mining Contractor
Blue Moon Announces Follow on
Investment of C$1.2M from Mining
Contractor
TORONTO, March 3, 2026 /CNW/ - Blue Moon Metals Inc. ("Blue
Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is
pleased to announce that Leonhard Nilsen & Sønner AS ("LNS"), the
Company's mining contractor at the Nussir copper-gold-silver project
in Norway, has subscribed to 168,514 common shares in the
Company, at a share price of $7.208 (the "Financing").
This investment is in addition to LNS' initial C$4.2 million subscription
that closed on December 19, 2024 and the C$1.13 million subscription
that closed on May 8, 2025, which was triggered by the start of LNS
underground mobilization at the Nussir project.
The Financing is subject to approval by the TSX Venture Exchange
("TSXV") and is expected to close on or about Mar 17, 2026. No
finder's fees were paid in connection with the Financing, and the
Common Shares issued pursuant to the Financing will be subject to a
statutory 4-month and one day hold period from the date of issuance.
The proceeds from the Financing are expected to be used for
underground development at the Project.
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
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 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
expected benefits and synergies from the Transaction; production
estimates and growth in reserve and resources of the Springer Mine
and Mill; successful operation of the Springer Mine and Mill;
production estimates and growth in reserve and resources of the
Springer Mine and Mill; successful operation of the Apex projectl; and
the continued testing, exploration, mining and advancement of Blue
Moon's operations across multiple jurisdictions; conversion of the
Springer Mine and Mill to support Blue Moon mining operations;
mineral price expectations; 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 Transaction risks associated with
the integration of Springer Mine and Mill operations and Apex project;
risks associated with mining operations in Nevada and Utah;
regulatory and permitting risks at the state and federal level including
with respect to the development of the Blue Moon Mine; 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 various sites; the integration of the Springer
Mine and Mill operations: and the estimates or reserves and resources
at Apex.
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. 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.
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SOURCE Blue Moon Metals
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%SEDAR: 00025425E
For further information: For further information: Blue Moon Metals
Inc., Christian Kargl-Simard, CEO and Director, Phone: (416) 230
3440, Email: [email protected]
CO: Blue Moon Metals
CNW 09:15e 03-MAR-26