Blue Moon to Acquire the Apex Germanium and Gallium Mine from Teck to Advance US Critical Mineral Projects to Secure North American Supply
Blue Moon secures domestic supply chain by acquiring Teck’s Apex mine to feed its Nevada processing hub.
The most recent news (February 27, 2026) announces the acquisition of the Apex Germanium and Gallium Mine in Utah from Teck Resources. Key terms include the issuance of ~7.03 million shares (8% of the company) to Teck, a 0.5% NSR royalty, and zinc concentrate offtake rights for Teck. This follows the February 10, 2026, closing of the Springer Tungsten Mine and Mill acquisition in Nevada. The strategy is to use the Springer facility as a "hub and spoke" metallurgical complex to process material from the Blue Moon Mine (California) and the newly acquired Apex Mine (Utah).
This news is Material - Positive as it completes the strategic pivot from a pure exploration company to an integrated developer with a clear processing solution. - Strategic Synergy: By acquiring Apex, Blue Moon now controls a domestic source of Germanium (Ge) and Gallium (Ga), minerals currently subject to Chinese export restrictions. - Processing Solution: The acquisition of the Springer Mill (closed Feb 10) solves the primary hurdle for the Blue Moon VMS project—the need for a processing plant. - Tier-1 Partnership: Bringing Teck Resources onto the share registry as an 8% holder provides significant institutional validation and technical backing. - Resource Expansion: The company has scaled from one project to four core assets (Nussir, Blue Moon, NSG, Springer) plus Apex in under 12 months.
Blue Moon Metals is a multi-asset developer focused on critical minerals (Copper, Zinc, Tungsten, Germanium, Gallium). - Flagship Project: The Nussir Copper-Gold-Silver Project in Norway is a fully permitted, advanced-stage development project. - Secondary Flagship: The Blue Moon VMS Project in California, which boasts an after-tax IRR of 38-48% (per March 2025 PEA) and is now linked to the Springer processing hub.