Blue Moon Announces Springer Tungsten 67,000 Metre Diamond Drill Program Focused on Resource Definition and Exploration and 18,000 Metre Historical Core Re-logging Program

Blue Moon Metals Inc. announced a comprehensive 2026 exploration and resource definition program at its Springer Tungsten Project in Nevada. The initiative includes a 67,000-metre diamond drill program and an 18,000-metre historical core re-logging effort.

Drilling is divided into two phases. Phase 1, comprising approximately 7,000 metres, targets near-surface zones at the George Pit and Sutton Underground areas to support near-term mine planning. Phase 2, accounting for roughly 60,000 metres, focuses on deeper extensions below the water table to test lateral and down-plunge potential.

Simultaneously, the company is validating historical datasets through the re-logging and re-assaying of 18,000 metres of core from General Electric campaigns conducted in the late 1970s and early 1980s. Additional activities include sampling historical stockpiles and tailings, conducting geophysical surveys, and performing metallurgical and ore sorting tests.

The program is scheduled to commence in the first half of August 2026 and is expected to be completed by Q1 2027. These exploration efforts directly support the company's previously announced production target of Q4-2027 for the Springer project.

Blue Moon Metals Inc. (MOON) announced a routine follow-up to the comprehensive 2026 drilling plan initially outlined in February 2026. The announcement confirms management's execution of the planned capital deployment at Springer, a cornerstone of the company's U.S. critical metals hub strategy.

The scale of the program, totaling 67,000m, aligns with the company's stated goal of converting inferred resources to indicated status and validating the historical resource model. The inclusion of historical core re-logging and metallurgical testing demonstrates a methodical approach to de-risking the project ahead of the Q4-2027 production target.

The news is positive but incremental, as the market was already aware of the planned 2026 drilling campaign and the Q4-2027 production timeline. It does not contain genuinely new, unexpected, or market-moving information that would alter the fundamental investment thesis.

Blue Moon Metals Inc. is a mineral exploration and development company advancing polymetallic brownfield projects in Norway and the USA. Its flagship asset is the Nussir Copper-Gold-Silver Project in northern Norway, which recently completed a NI 43-101 feasibility study showing an after-tax NPV of US$235 million at an 8% discount and an IRR of 19%. The company approved a Final Investment Decision in April 2026, targeting production in Q4-2027.

In the United States, Blue Moon Metals is developing a hub-and-spoke model centered around the Springer Tungsten Mine and Processing Plant in Nevada. This hub is designed to process ore from multiple U.S. projects, including the newly acquired Apex Germanium-Gallium-Copper Mine in Utah and the Blue Moon Polymetallic Project in California. The company holds listings on the TSX Venture Exchange (MOON), Frankfurt Stock Exchange (8SX0), and Nasdaq Capital Market (BMM).