Blue Moon Metals Acquires Apex Mine to Strengthen North American Mineral Supply

Blue Moon Metals Enhances North American Mineral Supply through Strategic Acquisition

Blue Moon Metals Inc. ("Blue Moon") solidifies its commitment to securing critical mineral supplies in North America with the acquisition of the Apex germanium, gallium, and copper mine from Teck American Incorporated, a subsidiary of Teck Resources Limited. Located in Utah, the past-producing Apex mine is positioned just 23 kilometers from St. George and holds potential for significant contribution to Blue Moon's mineral portfolio. This strategic move aligns with the company’s goals of not only expanding its mining operations but also enhancing its role in the burgeoning market for critical minerals essential to various advanced technologies and sustainability initiatives.

The Apex mine is especially notable for its resources in germanium and gallium, both of which are integral to the production of high-tech devices and green technologies. Blue Moon’s acquisition is part of a broader initiative to integrate U.S. critical mineral projects, which is particularly timely as the demand for these minerals continues to rise. The transaction will yield immediate synergies, allowing Blue Moon to bolster its operational efficiency and further establish its position in the mineral supply chain. This acquisition is also closely aligned with Blue Moon's existing partnership with Hartree Partners LP, a key player involved with a U.S. government program aimed at creating a significant critical metals stockpile valued at approximately US$12 billion.

As the United States places increasing emphasis on domestic production of essential minerals, Blue Moon is strategically positioning itself as a pivotal participant in these efforts. The acquisition of the Apex mine not only enhances the company's operational capabilities but also reinforces its commitment to collaboration with governmental organizations and other industry stakeholders. This positions Blue Moon favorably to influence advancements in the production of critical minerals and to respond to growing national security concerns surrounding mineral supply chains in North America.

In a related development, Blue Moon Metals secures a follow-on investment from its mining contractor, Leonhard Nilsen & Sønner AS ("LNS"). The recent subscription of 168,514 common shares at a price of $7.208 per share raises approximately CAD 1.2 million, following LNS's prior investment of CAD 4.2 million in December 2024. This funding will support further underground development at Blue Moon's Nussir copper-gold-silver project in Norway, reinforcing the company's diversified mineral portfolio, which includes multiple projects across the U.S. and Norway.

Overall, Blue Moon Metals' recent actions exemplify its proactive approach to enhancing operational capabilities in the critical minerals sector, setting the stage for further development and collaboration that could influence the future of mineral supply in North America.