Blue Moon Metals Secures Investment to Enhance Underground Operations for Critical Metal Extraction

Blue Moon Metals Strengthens Underground Operations with New Investment

Blue Moon Metals Inc. ("Blue Moon") secures a pivotal investment from its mining partner, Leonhard Nilsen & Sønner AS ("LNS"), who subscribes to 168,514 common shares at a price of $7.208 per share, amounting to approximately C$1.2 million. This latest round of financing reinforces LNS's ongoing commitment, following earlier investments of C$4.2 million in December 2024 and C$1.13 million in May 2025. These contributions are crucial as Blue Moon mobilizes for underground operations at its Nussir copper-gold-silver project located in Norway, a site recognized for its potential in meeting the rising demand for critical metals.

The funding bolsters a strategic focus on increasing Blue Moon's underground operational capacity, aimed at enhancing productivity and efficiency in resource extraction. The financing remains contingent on regulatory approval from the TSX Venture Exchange, with a closing date anticipated around March 17, 2026. Investors can expect common shares subject to a statutory hold period, indicative of the company's structured approach to capital management. This investment aligns with Blue Moon's mission to target essential metals like copper, zinc, and tungsten, which are not only vital for economic growth but also recognized as critical to national security by agencies like the USGS and EU.

The Blue Moon portfolio reflects a strong focus on brownfield polymetallic projects across the U.S. and Norway, exemplified by the Nussir project. Strategic positioning within established local infrastructure supports the company’s operational efficiency and cost-effectiveness. As the global market increasingly turns its attention to resources deemed essential for sustainable development, Blue Moon’s initiatives position it to play a significant role in the mining industry by providing vital metals while adhering to modern environmental and operational standards.

In addition to the latest investment, Blue Moon enjoys considerable backing from major institutional shareholders, including Oaktree Capital Management and Wheaton Precious Metals. This solid foundation enables the company to pursue ambitious growth plans while navigating an evolving industry landscape. For more insights on Blue Moon's projects and financial strategies, stakeholders can visit the company's website at www.bluemoonmetals.com.

With these developments, Blue Moon Metals advances its position as a key player in the mining sector, addressing an urgent market need for critical metals amid global economic shifts.