/R E P E A T -- Blue Moon to Acquire the Apex Germanium and Gallium Mine from Teck to Advance US Critical Mineral Projects to Secure North American Supply/

The most recent news (February 27 - March 2, 2026) announces that Blue Moon Metals is acquiring the Apex Germanium and Gallium Mine in Utah from Teck Resources. Key terms include the issuance of ~7.03 million shares to Teck (making them an 8% shareholder), a 0.5% NSR royalty, and offtake/marketing rights for Teck. Crucially, the deal allows Blue Moon to process zinc concentrates from its California mine at Teck’s Trail Operations and integrates the Apex mine into Blue Moon’s "hub and spoke" model centered around the Springer metallurgical complex in Nevada.

This acquisition is Material - Positive for several reasons: - Strategic Synergy: It solves a major midstream hurdle by securing a processing path at Teck’s Trail Operations for the flagship Blue Moon Mine’s zinc. - Critical Mineral Sovereignty: By adding Germanium (Ge) and Gallium (Ga), Blue Moon aligns itself with the US government’s US$12B critical metals stockpile initiative, involving its major shareholder, Hartree Partners. - Validation: Having Teck Resources—a major global miner—take an 8% equity stake serves as a significant institutional endorsement of Blue Moon’s management and asset quality. - Infrastructure Utilization: It provides immediate feed and justification for the redevelopment of the Springer Complex, transforming it from a standalone tungsten mine into a regional processing hub.

Blue Moon Metals is a diversified developer of critical metals (Zinc, Copper, Tungsten, Germanium, Gallium). - Flagship Project: The Nussir Copper-Gold-Silver project in Norway (fully permitted, advanced stage). - Secondary Flagship: The Blue Moon Polymetallic Project in California (high-grade VMS). - Processing Hub: The Springer Mine and Mill in Nevada, intended to process ore from multiple Western US sites.