Blue Moon Announces Sale of Yava Project
MOON:TSX-V
BMOOF:OTCQB
Blue Moon Announces Sale of Yava Project
October 2, 2024 – Blue Moon Metals Inc. (TSXV: MOON; OTCQB: BMOOF) (the “Company”) is
pleased to announce that it has agreed to sell its Yava project located in Nunavut to Honey Badger
Silver Inc. (TSXV: TUF). Pursuant to the definitive agreement and subject to customary closing
conditions, the Company will receive 4,250,000 common shares of Honey Badger with an implied
value of approximately $340,000 (being $0.08 per share reflecting a five-day moving average)
(the “Transaction”). This consideration will represent approximately 6.5% of the total issued and
outstanding shares of Honey Badger. Honey Badger is a silver focused entity with a significant
and growing portfolio of high -quality silver projects . The consideration will be sub ject to the
customary fo ur-month hold period and t he Company has agreed to a twelve -month lock -up
period.
Patrick McGrath, the CEO of the Company, stated “ The Yava project offers an exciting silver
exploration opportunity and Blue Moon will continue to participate in its future through its
material ownership in Honey Badger. The Yava project is considered non -core for the Company,
so we are happy to monetize the asset and continue to focus on developing our Blue Moon
deposit in the United States. We are currently evaluating the next steps for Blue Moon including
the commencing of a Preliminary Economic Assessment. “
About Blue Moon Metals
Blue Moon Metals is advancing its Blue Moon polymetallic deposit which contains zinc, gold,
silver and copper. The property is well located with existing local infrastructure including paved
highways three miles from site; a hydroelectric power generation facility a few miles from the
site, a three-hour drive to the Oakland port and a four -hour drive to the service centre of Reno.
Zinc is currently on the USGS list of metals critical to the US economy and national security. More
information is available on the company’s website (www.bluemoonmetals.com).
For more information, please contact:
Patrick McGrath, CEO
1-832-499-6009
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
MOON:TSX-V
BMOOF:OTCQB
This press release contains certain forward -looking statements within the meaning of applicable securities law.
Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or
"will" occur such as completion of the Transaction . Forward -looking statements are based on the opinions and
estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to differ materially from those projected in the forward -
looking statements. The Company cannot assure that actual results will be consistent with these forward-looking
statements. They are made as of the date hereof and are subject to change and the Company assumes no obligation
to revise or update them to reflect new circumstances, except as required by law. Prospective investors should not
place undue reliance on forward looking statements. These factors include the inherent risks involved in the resource
industry.