Blue Moon Metals Awards EPC Contract for Nussir Processing Plant and Receives Approval of Waste Management Plan, Final Mine Plan and Extended Discharge Permit

Executive Summary

• Blue Moon Metals announced three major project milestones for its Nussir copper-silver-gold project in Norway: the award of an EPC contract for the processing plant, regulatory approval of the Waste Management Plan and updated Discharge Permit, and approval of the updated mine operating plan.
• These approvals satisfy the final regulatory conditions precedent to commence mine operations, with the company now holding all material permits required for construction and operation.
• Underground development has exceeded 2,000m and key construction contracts are secured, positioning the project for full-scale construction and production in Q4 2027.

Key Details

• EPC Contract Award: Awarded to MOMEK Services AS (MOMEK Group) for the civil, structural, mechanical, and piping scope of the Nussir processing plant. Scope includes detailed design, building construction, equipment foundations, structural steel, piping, pipe supports, balance of mechanical equipment, and installation of Company-supplied equipment.
• Contractor Profile: MOMEK Group is a Norwegian industrial group established in 1998, headquartered in Mo i Rana, with over 600 employees, ~EUR 100M annual revenue, and ISO 9000/14000/45000 certifications.
• Waste Management & Discharge Permit: Approved by the Norwegian Environment Agency in Q2-2026 following a public comment period. Includes an Amendment to the Discharge Permit (originally granted Jan 15, 2016, previously amended Nov 30, 2021).
• Mine Operating Plan: Approved by the Norwegian Directorate of Mines on June 18, 2026, as part of the Operating License under the Minerals Act, providing technical details for mine operation and closure.
• Permitting Status: Project holds all material permits: Extraction Permit (Minerals Act), approved Zoning Plan (Planning and Building Act), Discharge Permit (Pollution Control Act), and Operating License (Minerals Act).
• Underground Development Progress: Exceeded the 2,000m mark in early June 2026 (over 1,000m since January 2026). The conveyor tunnel linking the decline to the orebody and the silo tunnel to feed the mill have been completed, enabling construction of the ore conveyor system.
• Production Timeline: Advancing towards full-scale construction and production in Q4 2027, consistent with the April 2026 Feasibility Study.

Notable Quotes

• Christian Kargl-Simard, CEO: "The award of the EPC contract and the approval of our Waste Management Plan and updated operating plan represent three key milestones for the advancement of the Nussir Project. With our permitting framework now complete, our long-lead equipment on order, our mine decline advancing to the orebody, and our key construction contracts in place, we are on track to deliver production later in 2027."