Blue Moon Metals acquires Nevada Springer mill to anchor U.S. tungsten processing

Nevada mill purchase aims to anchor U.S. tungsten processing

Blue Moon Metals closes acquisition of the Springer tungsten mine and processing plant in Nevada and begins work to convert the assets into a domestic processing hub for tungsten and critical metals. The purchase, completed on Feb. 10, 2026 from GOODS LG LLC, transfers fee lands, mineral claims and a flotation mill equipped with an Ammonium Paratungstate (APT) circuit including an autoclave and reagent systems. Aggregate consideration comprises a US$500,000 initial deposit and a final cash payment of US$18 million.

Company engineers and planners now focus on integrating the Springer mill with output from Blue Moon’s nearby California operations to reduce reliance on foreign concentrate and build a secure domestic supply chain for strategic markets. Blue Moon says it is conducting logistics optimization, technical and environmental assessments and tests to adapt the existing flotation mill and APT autoclave into a continuous processing route capable of producing value‑added APT and other downstream products. Management frames the deal as aligned with recent U.S. policy under Section 232 that prioritizes onshore processing of critical minerals.

Operationally, the acquisition comes as Blue Moon advances underground development at its Blue Moon mine in California. Phase 1 development proceeds under a US$16.5 million budget that covers site establishment and a planned 762‑metre exploration decline; the decline has reached 128 metres from surface, with a maintenance bay and sump excavated and the first drill bay installed. Underground drilling is underway, with the first completed hole of 379 metres finished on Feb. 6, 2026.

Coordinated drilling campaign across U.S. and Norway projects

Blue Moon also launches a 2026 drilling program spanning four projects in the United States and Norway, combining underground and surface infill and step‑out holes to refine resource models and support planned underground development. The company outlines a dedicated drilling program at Springer to generate new data for resource upgrading, mine design, permitting and metallurgical sampling.

Vice‑President, Exploration Theodore Veligrakis says the campaign integrates historical datasets with new drilling to convert inferred resources to indicated categories and test high‑grade extensions along strike and at depth. The combined mill acquisition and coordinated drilling push aim to provide material and technical bases for future feasibility studies and to position Blue Moon within a growing domestic critical‑metals processing industry.