Blue Moon Reports Assay of 0.180% Germanium, 0.0273% Gallium and 1.96% Copper from Bulk Sample at Apex and Provides Apex Project Update

Blue Moon Metals Inc. (MOON) has reported assay results from its maiden bulk sample at the Apex germanium-gallium-copper mine in Utah, following the acquisition of the asset from Teck Resources Limited. The 100kg bulk sample, obtained from exposed mineralization at the site, yielded significant grades of 0.180% Germanium, 0.0273% Gallium, and 1.96% Copper. These results validate the high-grade nature of the historical mineralization at the property.

The sample was crushed and blended before being sent to Blue Coast Research Ltd. in British Columbia for analysis using Peroxide Fusion. The company noted that the samples are selective and not necessarily representative of the average grade or size of the mineralized zone. This sampling effort follows the closing of the acquisition of Apex from a subsidiary of Teck Resources Limited on March 16, 2026.

In terms of market context, Fastmarkets estimates spot prices (as of June 26, 2026) for Rotterdam delivery at $10,500/kg for Germanium and $2,650/kg for Gallium. Blue Moon Metals has received unsolicited interest from several major users and producers of germanium and gallium products. The company is exploring direct shipping ore (DSO) sales, citing strong market demand and constrained supply outside of China, with potential to start DSO operations as early as Q3 2027.

Operational updates indicate that permitting is ongoing, with a target completion in Q2 2027. Discussions have begun regarding contract mining with the view of starting Direct Shipping Ore (DSO) from Apex as soon as Q3 2027. At a mining rate of 150 tonnes per day (tpd), Apex could potentially supply nearly 100% of the domestic U.S. germanium demand from a single U.S. source. Blue Moon will continue with its planned metallurgical program to determine flowsheet options and explore near-term commercialization options.