Blue Moon Closes C$1.3M Equity Financing
Blue Moon Closes C$1.3M Equity Financing
TORONTO
,
March 10, 2026
/CNW/ - Blue Moon Metals Inc. ("
Blue Moon
" or the "
Company
")
(TSXV: MOON) (NASDAQ: BMM) is pleased to announce that, further to its news releases dated
March 3 and March 6, 2026, regarding the previously announced financing with Leonhard Nilsen &
Sønner AS and Hartree Partners, LP, both existing shareholders of the Company, the Company has
issued 181,127 common shares for total gross proceeds of $1,305,563.41 (the "
Financing
").
The Financing remains subject to final approval from the TSX Venture Exchange. No finder's fees
were paid in connection with the Financing, and the common shares issued pursuant to the Financing
are subject to a statutory 4-month and one day hold period. The proceeds from the Financing are
expected to be used for underground development at the Company's Nussir Project in Norway.
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 project; 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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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 16:38e 10-MAR-26