Blue Moon Metals Acquires Apex Mine, Enhancing Resource Portfolio and Strategic Position

Blue Moon Metals Expands Portfolio with Apex Mine Acquisition

On March 16, 2026, Blue Moon Metals Inc. announces the successful acquisition of the Apex Mine from Teck American Incorporated, a subsidiary of Teck Resources Limited. This strategic acquisition comes as part of Blue Moon's expansion efforts in the metals sector, particularly focusing on key materials like germanium and gallium. The deal, first disclosed on February 27, 2026, involves the transfer of 24 patented claims and 9 unpatented claims associated with the Apex Mine. The approval from TSX-V marks a significant milestone for Blue Moon, cementing its position in the industry and exemplifying its growth strategy aimed at enhancing its resource portfolio.

The financial details of the acquisition are noteworthy, as Blue Moon issues 7,031,959 common shares to Teck, equating to 8.0% of its common shares on an undiluted basis. This not only signifies an important shift in control over substantial mining assets but also reflects an arm's-length transaction approach, with no finders’ fees involved. Alongside the share issuance, Blue Moon agrees to a 0.5% net smelter returns royalty for Teck and takes on a 3.0% NSR royalty obligation on the mine's claims. This agreement serves to solidify Teck’s interest while allowing Blue Moon to leverage the acquired assets for further operational and financial flexibility.

The adjustment from the prior marketing agreement to an offtake agreement is particularly significant. Under the revised arrangement, Teck will compensate Blue Moon for its mined products based on market value, adjusted annually. This shift ensures that Blue Moon remains competitive while safeguarding its bottom line, as Teck is required to adhere to current industry benchmarks regarding zinc off-take from the Blue Moon Mine. With the backing of qualified technical insights, as confirmed by Mrs. Boi Linh Doig, P.Eng., the acquisition is positioned not just as a transactional victory but as a strategic alliance that enhances Blue Moon's operational capabilities in growing markets within the metals industry.

In parallel with this acquisition, Blue Moon continues to strengthen its operational framework to ensure sustainable practices and compliance with industry standards. The establishment of an investor rights agreement with Teck is integral to this evolution, granting Teck important rights related to equity participation and information access that may benefit both parties in the long run.

Overall, this acquisition not only positions Blue Moon Metals favorably in the competitive landscape of the metals market but also signals its commitment to expanding and modernizing its resource portfolio to cater to increasing demand for critical minerals. The successful transition of control over the Apex Mine underscores Blue Moon's strategic foresight in aligning itself with larger market trends, particularly in sectors requiring innovative materials.