Blue Moon arranges $60.06-million public offering

Executive Summary

• Blue Moon Metals Inc. entered a bought‑deal public offering for 18.2 million common shares at C$3.30 per share, targeting gross proceeds of C$60.06 million.
• An overallotment option allows underwriters to purchase up to an additional 15 % of the issued shares, potentially raising total gross proceeds to C$69.07 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 Structure: Bought‑deal public offering with Bank of Nova Scotia and Canaccord Genuity Corp. acting as joint bookrunners; Cormark Securities Inc. serving as co‑lead underwriter.
• Shares Sold: 18.2 million common shares at C$3.30 per share.
• Gross Proceeds (Base): C$60.06 million.
• Overallotment Option: Up to an additional 15 % of the issued shares, exercisable up to 30 days post‑closing; maximum possible gross proceeds C$69.07 million if fully exercised.
• Closing Date: Expected 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 Blue Moon, Nussir (Norway), and NSG (Norway) projects.
• Working capital.
• General and administrative corporate activities.
• Regulatory Filings: Prospectus supplement to be filed to the short‑form base shelf prospectus dated September 23, 2025, for all Canadian provinces/territories except Quebec; supplemental documents available on SEDAR+.
• U.S. Private Placement Option: Shares may also be offered privately in the United States under applicable exemptions from registration requirements.

Notable Quotes

(No direct quotes were provided in the release.)