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M&A / Property

Blue Moon closes acquisition of Apex mine

By The Northwire Desk — AI Analysis Mar 16, 2026 · 12:00 MOON · 7.60 Blue Moon Metals Inc.
MOON · Price

Executive Summary

  • Blue Moon Metals Inc. has officially closed the acquisition of the Apex Germanium and Gallium Mine from Teck American Inc. (a subsidiary of Teck Resources Ltd.).
  • The transaction was previously announced on February 27, 2026, and has received approval from the TSX-V.
  • Teck Resources Ltd. received 7,031,959 common shares of Blue Moon, representing an 8.0% ownership stake on an undiluted basis, in exchange for the mine assets.

Key Details

  • Transaction Status: Closed acquisition of the Apex mine from Teck American Inc.
  • Consideration: Teck received 7,031,959 common shares of Blue Moon Metals Inc.
  • Ownership Stake: The shares represent 8.0% of Blue Moon's issued and outstanding common shares on an undiluted basis.
  • Regulatory Approval: TSX-V approval for the transaction has been received.
  • Royalty Obligations:
    • Blue Moon granted Teck a 0.5% Net Smelter Returns (NSR) royalty on the property.
    • Blue Moon assumed an existing 3.0% NSR royalty obligation on the Apex mine claims.
  • Offtake/Marketing Agreement:
    • The previous marketing agreement was replaced by an offtake agreement.
    • Teck receives zinc for the life of the mine.
    • Zinc payabilities and treatment charges are consistent with prevailing industry benchmarks.
    • Teck pays the company the market value of products minus a fixed percentage, with market value assessed annually.
  • Investor Rights: Blue Moon entered into an investor rights agreement with Teck, including equity participation rights, top-up rights, and information rights.
  • Transaction Terms: The transaction is at arm's length; no finders' fees are being paid.
  • Property Details: The Apex mine consists of 24 patented claims and nine unpatented claims (corrected from the 26 patented claims mentioned in the Feb 27, 2026 announcement).
  • Qualified Person: Boi Linh Doig, PEng, reviewed and approved the technical and scientific information.

Notable Quotes

  • No direct quotes from the CEO/President were included in the provided text.
Read the original news release →

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Drill Results