Blue Moon Metals Announces Closing of C$86.5 Million "Bought Deal" Public Offering

Executive Summary

• Blue Moon Metals Inc. closed a bought‑deal public offering of 26,220,000 common shares at C$3.30 per share, generating gross proceeds of C$86.5 million.
• Net proceeds are earmarked for development of the California Blue Moon project, processing studies, additional exploration on the Blue Moon, Nussir (Norway) and NSG (Norway) projects, as well as working capital and general corporate purposes.
• The offering was underwritten by a syndicate led by Scotia Capital Inc., Canaccord Genuity Corp., Cormark Securities Inc., Haywood Securities Inc., and Fearnley Securities AS; underwriters received cash commissions of C$5.19 million.

Key Details

• Offering size: 26,220,000 common shares issued (including full exercise of the underwriters’ over‑allotment option).
• Issue price: C$3.30 per share.
• Gross proceeds: C$86,526,000.
• Underwriter cash commission: C$5,191,560.
• Lead bookrunners / syndicate: Scotia Capital Inc., Canaccord Genuity Corp.; co‑lead manager Cormark Securities Inc.; additional underwriters Haywood Securities Inc. and Fearnley Securities AS.
• 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 expenses, and other corporate activities.
• Regulatory: Offering completed under a prospectus supplement dated September 26 2025 to the short‑form base shelf prospectus dated September 23 2025; subject to final TSX Venture Exchange approval.
• Insider participation: Insiders subscribed for 2,105,000 shares (C$6,946,500 gross); transaction qualifies as a related‑party transaction under MI 61‑101 but is exempt from formal valuation and minority shareholder approval requirements.
• U.S. securities law disclaimer: Shares are not registered in the United States and may not be offered or sold there absent registration or an applicable exemption.

Notable Quotes

(No direct quotes were included in the release.)