Blue Moon Metals Enters into MOU to Acquire the Springer Critical Metals Mine and Processing Plant in Nevada and Announces its Intention to list on the NASDAQ

Executive Summary

• Blue Moon Metals entered into a Memorandum of Understanding with Goods LG LLC to acquire the Springer critical‑metals mine, mill and associated infrastructure in Pershing County, Nevada.
• The company paid a non‑refundable US$500,000 cash deposit and will close the transaction pending definitive agreement, water‑right extensions and other customary conditions.
• Blue Moon announced its plan to apply for listing on the Nasdaq Capital Market, with expected completion in Q1 2026, leveraging the acquired asset to build a “hub‑and‑spoke” model for U.S. critical‑metals production.

Key Details

• MOU Date: October 10 2025; press release issued Oct 14 2025.
• Seller: Goods LG LLC.
• Purchase Consideration (deposit): US$500,000 non‑refundable cash payment.
• Property Description: Springer Mine, Mill and related infrastructure on ~11,280 acres of private fee lands in Nevada.
• Historical Resource Estimates (not NI 43‑101 compliant):
• Indicated: 355,000 t @ 0.537 % WO₃.
• Inferred: 1,933,600 t @ 0.493 % WO₃.
• Mill Capacity & Assets: ~1,200 tpd processing plant (tungsten concentrates/APT), vertical shaft to 1,600 ft, headframe, 3‑compartment hoist, crusher, conveyors, tailings facilities (wet and dry stack), electrical substation (69 kV → 5 kV), water rights, and a suite of permits (water pollution, air quality, dam, reclamation, industrial pond).
• Strategic Intent: Use the Springer Mill as a central processing hub for smaller high‑grade underground critical‑metals mines in the western U.S., supporting domestic supply of tungsten, antimony, base metals, etc.
• Logistics: Primary Union Pacific rail spur 7 mi from mill; potential reinstatement of historic railway siding; proximity to Blue Moon’s California mine (~375 mi by road).
• Closing Conditions: Execution of definitive purchase agreement, extension/confirmation of water rights, and other customary conditions; anticipated closing “over the following months.”
• Nasdaq Listing Plan: Intention to apply for listing on Nasdaq Capital Market; expected completion in Q1 2026. CEO Christian Kargl‑Simard cites larger liquidity on OTCQX vs TSXV as a driver.
• Qualified Person Review: Technical information reviewed by Dustin Small, P.Eng., non‑independent QP (NI 43‑101).

Notable Quotes

“The acquisition of the Mill opens up a huge opportunity for the Company to develop smaller higher‑grade mines covering the critical minerals space… The decision to apply and list on the NASDAQ is a critical step in our growth strategy…” – Christian Kargl‑Simard, CEO

Materiality Assessment: Material – Positive** (significant corporate acquisition and strategic listing plan likely to affect share price and future operations).