Blue Moon Closes Follow on Investment of C$4.8M from Hartree

Blue Moon Metals Inc. has closed a follow-on investment of C$4.8 million from strategic partner Hartree Partners, LP. The financing was executed through the issuance of 526,617 common shares at an effective price of approximately $9.06 per share. This transaction exercises a "top-up right" under an existing investor rights agreement dated March 7, 2025. Proceeds are designated for project development at brownfield polymetallic projects and general corporate purposes. The financing is subject to final TSX Venture Exchange approval, with shares carrying a statutory 4-month and one-day hold period. No finder's fees were paid. This closes an announcement made on April 22, 2026.

The closing of this C$4.8 million financing is categorized as Routine - Positive. While the capital injection provides necessary liquidity for project development, it does not fundamentally alter the investment thesis established by the Feasibility Study released earlier in April (April 16). The investment from Hartree Partners represents an exercise of existing rights rather than a new strategic partnership or entry by a major institutional investor like Eric Sprott. Given the company's recent share price surge from ~$3.00 to over $11.00, raising capital at $9.06 is dilutive but reflects confidence in the asset value relative to current market pricing. The primary material catalyst remains the Nussir Feasibility Study and the path to Final Investment Decision (FID), which this financing supports but does not replace.

• Flagship Project: Nussir Copper-Gold-Silver Project (Northern Norway). A brownfield polymetallic mine with a 13-year mine life estimated in the Feasibility Study. Target production start is December 2027.
• US Critical Metals Portfolio: Includes the Blue Moon Mine (California), Apex Germanium/Gallium Mine (Utah - acquired March 2026), and Springer Tungsten Mine (Nevada - acquired February 2026). These form a "hub-and-spoke" processing strategy.
• Norwegian Assets: Nussir is the primary revenue driver, while NSG (Sulitjelma Mining District) is being consolidated with Alpha Future Funds for district-scale development.
• Listing Status: Listed on TSXV (MOON), Frankfurt (8SX0), and Nasdaq Capital Market (BMM) since January 26, 2026.