Blue Moon Metals Secures Water Pollution Control Permit, Approval of Construction for the Tailings Storage Facility, and Posts Reclamation Bond Allowing Start of Construction at its Springer Tungsten Project

Blue Moon Metals Inc. (MOON) has secured the Water Pollution Control Permit (WPCP) and Reclamation Permit from the Nevada Division of Environmental Protection (NDEP), officially transferring them into the company's name. The company also approved and posted the reclamation closure bond, fulfilling a key regulatory requirement to commence construction.

Formal approval for the construction of the Tailings Storage Facility (TSF) was received on August 18, 2026, following a design review and engagement with the Nevada Division of Water Resources' Dam Safety Section. With permits and the bond in place, Blue Moon is authorized to start construction activities at the Springer project, specifically including the refurbishment of the existing mill. Management confirmed the project remains on-track for a late 2027 startup.

Blue Moon Metals Inc. (MOON) has secured a standard permitting milestone for the Springer Tungsten Project, which the company acquired in February 2026 for US$18.5 million. The approval removes a critical regulatory hurdle, allowing the company to deploy capital toward mill refurbishment and site preparation. This development aligns with previously announced guidance targeting a Q4 2027 production restart.

The news is considered incremental and expected, introducing no new valuation drivers, changing no project economics, and altering no part of the 2027 timeline. Contextualizing this with historical news, the company has been systematically advancing its portfolio, including Nussir, where an EPC contract was awarded, permits were secured, and underground development exceeded 2,000 meters. Simultaneously, the Springer project saw its acquisition close and a 67,000-meter drill program announced in July 2026. This permit approval confirms execution discipline across the portfolio. There is no material deviation from prior expectations, and the market likely priced in this milestone given the February acquisition and subsequent drilling and feasibility work.

Blue Moon Metals Inc. (MOON) is a critical metals exploration and development company operating in tier-1 jurisdictions, including the USA and Norway. Its flagship project is Nussir in Norway, a high-grade copper-gold-silver project that has completed a feasibility study showing a net present value (NPV) of $235 million and an internal rate of return (IRR) of 19%. The company has approved its final investment decision and is currently undertaking construction, targeting production in 2027. Nussir has been recognized as a Strategic Project under the EU Critical Raw Materials Act.

In the United States, Blue Moon Metals is pursuing a hub-and-spoke model, utilizing the Springer tungsten/antimony processing complex in Nevada to process ore from smaller high-grade underground mines across the western U.S. This strategy includes the Apex germanium-gallium-copper mine in Utah and the Blue Moon zinc-copper-gold-silver project in California.