Blue Moon Metals Secures Financing for Underground Development at Nussir Project in Norway

Blue Moon Metals Secures Financing for Underground Development in Norway

Blue Moon Metals Inc. announces a successful financing initiative aimed at advancing its strategic projects in the mining sector. On March 10, 2026, Blue Moon, in collaboration with major shareholders Leonhard Nilsen & Sønner AS and Hartree Partners, LP, successfully issues 181,127 common shares, generating total gross proceeds of $1,305,563.41. This significant capital influx is earmarked for underground development at Blue Moon's Nussir Project, situated in Norway. The financing is pending final approval from the TSX Venture Exchange and is subject to a statutory hold period of over four months. This move signals Blue Moon's commitment to enhancing its operational capabilities and expanding its presence in the growing market for critical metals.

The Nussir Project, which primarily targets copper-gold-silver extraction, is one of five brownfield polymetallic projects that Blue Moon currently manages. Each project boasts established local infrastructure, providing a strategic advantage during the development phase. The other projects in Blue Moon's portfolio include the NSG copper-zinc-gold-silver project, the Blue Moon zinc-gold-silver-copper project, the Springer tungsten-molybdenum project, and the Apex germanium-gallium-copper project. Notably, the metals associated with these projects—including zinc, copper, tungsten, germanium, and gallium—are categorized as critical by both the United States Geological Survey (USGS) and the European Union (EU), reflecting their essential role in the global economy and national security.

Moreover, the involvement of major investment firms like Oaktree Capital Management and Wheaton Precious Metals emphasizes the confidence investors have in Blue Moon's vision and operational strategy. As the demand for critical minerals escalates in various industries, particularly in the energy and technology sectors, Blue Moon's proactive approach to funding and development positions it as a key player in the mining industry. By focusing on sustainable and responsible mining practices, the company not only aims to fulfill market needs but also contributes to global efforts in securing key resources.

In related news, Blue Moon's ongoing projects continue to attract interest from industry stakeholders, further enhancing its potential for future growth. As the company moves forward with its plans for expansion, the support from major shareholders underlines the collaborative efforts required to thrive within an increasingly competitive mining landscape. Those interested in learning more about Blue Moon Metals can visit their official website at www.bluemoonmetals.com.