Blue Moon Metals increases offering to $75.24-million

Executive Summary

• Blue Moon Metals Inc. upsized its bought‑deal public offering from C$60.06 million to C$75.24 million, issuing 22.8 million common shares at $3.30 per share.
• An overallotment option allows underwriters to purchase up to an additional 15 % of the shares, potentially raising total gross proceeds to $86.53 million.
• Net proceeds are earmarked for development of the Blue Moon project in California, processing studies, further exploration at Blue Moon, Nussir and NSG projects, as well as working capital and general corporate purposes.

Key Details

• Offering Size: Increased from C$60.06 million to C$75.24 million (gross).
• Shares Issued: 22.8 million common shares at $3.30 per share.
• Overallotment Option: Up to an additional 15 % of the issued shares; exercisable up to 30 days post‑closing.
• Maximum Potential Gross Proceeds: $86,526,000 if overallotment is fully exercised.
• Underwriters / Bookrunners: Bank of Nova Scotia and Canaccord Genuity Corp. (joint bookrunners); co‑lead underwriter Cormark Securities Inc.; additional syndicate members Haywood Securities Inc. and Fearnley Securities AS.
• Expected Closing Date: On or about October 1, 2025, subject to customary closing conditions and regulatory approvals.
• Use of Proceeds:
• Development of the Blue Moon zinc‑gold‑silver‑copper project in California.
• Confirmation of optimal processing solution for mineralized material from the Blue Moon project.
• Additional exploration at the Blue Moon, Nussir (Norway), and NSG (Norway) projects.
• Working capital.
• General and administrative corporate activities.

Notable Quotes

No executive quotes were included in the release.