Blue Moon to acquire 33 U.S. tungsten and antimony projects for $20.5 million plus royalties

Blue Moon Metals said it will acquire 33 tungsten and antimony projects in the western United States from a private owner on a 100% ownership basis, expanding its critical-metals footprint around the Springer complex in Nevada and the Apex mine in Utah. The consideration includes 2.8 million common shares priced at US$5.55 each, or about US$15.5 million, a 1.0% NSR royalty (net smelter return, a royalty on production revenue) on each project, and US$5.0 million in cash split between closing and the first anniversary. The deal also includes capped inferred resource milestone payments on tungsten projects advanced within 15 years and a monetization incentive tied to future disposals of any project. Blue Moon identified Oregon Mine in Colorado, Wildhorse Canyon in Idaho, Williams in Arizona and Hub Mines in Nevada as key projects that could supply direct-shipping high-grade tungsten ore to Springer. The company said it expects to hire a team, advance those assets to drilling over the next two years and sees potential to begin direct shipping ore from one or more key projects within three years. It also said the transaction marks its entry into antimony, with at least five historically high-grade former direct-ship ore sites in the portfolio. A binding LOI was signed on August 10, 2026, and closing is expected in October 2026, subject to TSX Venture approval.

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