Blue Moon Metals closes $86.52-million offering

Executive Summary

• Blue Moon Metals Inc. closed a bought‑deal public offering of 26.22 million common shares at $3.30 per share, generating gross proceeds of C$86.53 million.
• Net proceeds are earmarked for development of the Blue Moon project in California, processing studies, additional exploration on the Blue Moon, Nussir and NSG 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, with an underwriters’ cash commission of C$5.19 million.

Key Details

• Offering size: 26.22 million common shares (including full exercise of the underwriters’ overallotment option).
• Issue price: $3.30 per common share.
• Gross proceeds: C$86,526,000.
• Underwriters’ cash commission: C$5,191,560.
• Bookrunners / Lead managers: Scotia Capital Inc., Canaccord Genuity Corp.; co‑lead manager Cormark Securities Inc.; additional underwriters Haywood Securities Inc. and Fearnley Securities AS.
• Prospectus supplement: Dated September 26 2025, supplementing the short‑form base shelf prospectus dated September 23 2025.
• Use of proceeds:
• Development of the Blue Moon zinc‑gold‑silver‑copper project in California.
• Confirmation of an 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 remains subject to final approval by the TSX Venture Exchange.
• 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 because it represents ≤25 % of market capitalization.
• No new insiders or control persons were created as a result of the offering.

Notable Quotes

(None provided in the release.)