Blue Moon Metals Acquires 33 Tungsten and Antimony Projects in the Western United States Becoming a Significant U.S. Tungsten, Germanium, Gallium and Antimony Owner in the U.S.

Blue Moon Metals Inc. has entered a binding Letter of Intent to acquire a portfolio of 33 tungsten and antimony projects located in the western United States. The transaction values the portfolio at approximately US$15.5 million in equity, represented by 2.8 million common shares, alongside US$5.0 million in cash, a 1.0% net smelter return (NSR) royalty on each project, and potential development milestone payments.

Closing is subject to TSX Venture approval and is expected in October 2026. The acquisition marks Blue Moon’s formal entry into antimony, with at least five projects in the portfolio historically producing high-grade antimony ranging from 2% to 10% Sb.

Four high-priority "Key Projects"—Oregon, Wildhorse Canyon, Williams, and Hub—will be advanced toward drilling and potential direct-shipping ore (DSO) operations within three years.

Blue Moon Metals Inc. (MOON) has moved forward with an acquisition that aligns with its stated "hub and spoke" strategy to consolidate US critical metals assets around the Springer processing complex. The total consideration of approximately $20.5 million is modest relative to the company’s $141 million cash balance and a recent $156.25 million equity raise, rendering the deal financially accretive and operationally manageable.

While the transaction significantly expands the company's land package, the assets are largely historical and lack modern NI 43-101 resources. The market has already priced in the company's aggressive US expansion, which includes the Springer, Apex, and Gage acquisitions. Consequently, the news is viewed as expected and incremental to the broader corporate strategy, rather than a sudden shift in valuation drivers or a surprise market-moving event.

Dilution resulting from the issuance of 2.8 million shares is offset by the cash component and the strategic value of securing a contiguous critical metals land package.

Blue Moon Metals Inc. (MOON) is a mineral exploration and development company advancing polymetallic brownfield projects in Norway and the USA. Its flagship asset is the Nussir project in Norway, a fully permitted, advanced-stage copper-gold-silver operation targeting production in Q4 2027. A feasibility study for Nussir outlines a 13-year mine life with an after-tax net present value (NPV) of $235 million and an internal rate of return (IRR) of 19%.

The company’s US portfolio includes the Springer tungsten mine and mill in Nevada, the Apex germanium-gallium-copper mine in Utah, and the Blue Moon polymetallic project in California. Blue Moon Metals is actively consolidating adjacent claims to feed the Springer processing hub.