Blue Moon Advances Four Core Assets with Comprehensive 40,000 Meter 2026 Infill and Step-Out Drilling Programs
Multi-jurisdictional developer pivoting to a U.S. critical metals hub-and-spoke model.
The most recent news (February 11, 2026) outlines the most ambitious exploration and development program in the company's history. Blue Moon Metals (MOON) has launched a 40,000-meter diamond drilling program for 2026 across four core assets: Nussir (Norway), Blue Moon (California), NSG (Norway), and the newly acquired Springer Mine (Nevada). The program focuses on infill, step-out, and expansion drilling to support resource updates and feasibility studies. This follows the February 10, 2026, announcement of the successful closing of the Springer Tungsten and Critical Metals Mine acquisition for US$18.5 million.
The impact of the recent news is Material - Positive for the following reasons: - Operational Execution: The launch of a 40,000-meter program indicates that the company is aggressively deploying the C$86.5 million raised in October 2025. It marks a transition from a holding/permitting phase to a high-activity exploration phase. - Strategic Integration: Closing the Springer Mine acquisition creates a tangible "hub" in Nevada to process ores from the Blue Moon project in California. This reduces potential permitting hurdles for a standalone mill in California and leverages existing Nevada infrastructure. - Commodity Diversification: The inclusion of Tungsten (via Springer) and PGEs/Silver/Gold (via Nussir/Blue Moon) provides a hedge against single-commodity price volatility, specifically in the Zinc and Copper markets. - Institutional Validation: The transition to the Nasdaq (January 2026) and the continued backing from Hartree Partners and Oaktree Capital Management provide the liquidity and capital depth required for these large-scale programs.
Blue Moon Metals is a critical metals developer with assets in the United States and Norway. - Flagship Project: The Nussir Copper-Gold-Silver project in Northern Norway is a fully permitted, advanced-stage sediment-hosted project. - Secondary Flagship: The Blue Moon Polymetallic project in California is a high-grade VMS deposit with significant Zinc-Copper-Gold-Silver mineralization. - New Strategic Asset: The Springer Tungsten Mine in Nevada, featuring a 1,200 tpd mill, which is intended to serve as a processing hub for Western US high-grade ores.