#Canada #Toronto #Blue Moon Metals #Apex Project #Germanium Gallium

Blue Moon Metals Unveils Promising Assay Results from Apex Project

Blue Moon Metals Inc. (TSXV: MOON, NASDAQ: BMM) has recently released assay results from their first bulk sample taken from the historic Apex germanium-gallium-copper mine in Utah. This notable update marks a significant step in the company's ongoing efforts to revitalize the mine, which had a notable production history. The assay reveals concentrations of 0.180% germanium, 0.0273% gallium, and 1.96% copper, underscoring the potential value of the project.

The bulk sampling initiative comes after Blue Moon successfully acquired Apex from a Teck Resources Limited subsidiary in March 2026. The 100 kg sample was processed and analyzed in a reputable lab, confirming the presence of valuable minerals. These results are crucial as they inform the company's metallurgical program, aimed at evaluating extraction methods and refining their commercialization plans.

Market Context

The recent uptrend in the market prices for germanium and gallium adds to the significance of Blue Moon's findings. As of late June 2026, current market prices have surged, with estimates suggesting up to $10,500 per kg for germanium and $2,650 per kg for gallium metal. This pricing dynamic creates an opportune moment for the company to capitalize on its findings, particularly given the growing demand for these critical metals in various industries.

Future Direction and Commercialization Efforts

In conjunction with ongoing site operations, Blue Moon is actively exploring the possibility of selling high-grade direct shipping ore (DSO) from Apex. This initiative stems from the historically rich mineralization found at the site, particularly in light of the restricted germanium supply from other major producers, notably China. The company has reported receiving unsolicited interest from multiple major players in the germanium and gallium sectors, indicating a robust market appetite.

Navigating the regulatory landscape, Blue Moon is targeting a completion date for the necessary mine permits by the second quarter of 2027, reflecting an ongoing commitment to adhere to environmental and operational standards. Additionally, preliminary discussions regarding contract mining have commenced, aiming to initiate DSO sales as early as the third quarter of 2027. With the proposed mining rate set at 150 tonnes per day, Apex could potentially become a key supplier for domestic germanium needs, significantly impacting the U.S. market.

Sampling and Analytical Standards

The reported samples were meticulously collected from surface mineralization at the Apex site and, while selective, provide a crucial glimpse into the site's potential regarding average grade and mineralized zones. Blue Moon follows industry best practices during the sampling and delivery process, ensuring integrity as samples were sent to Blue Coast Research Ltd., an independent commercial laboratory for accurate preparation and analysis.

Expert Oversight

The technical data presented in this report have been thoroughly reviewed by Simon Cooper, P.Eng., a key team member at Blue Moon and a qualified individual as defined by NI 43-101 standards. This adds a layer of credibility to the reported assay findings, reassuring stakeholders of the professionalism and rigor behind the research process.

About Blue Moon Metals

Blue Moon is advancing a portfolio of five brownfield polymetallic projects that span critical metals like copper, germanium, and gallium, alongside tungsten. Each project benefits from existing infrastructure, contributing to operational efficiency as well as economic viability. Furthermore, these metals hold strategic importance, being listed as critical by both the United States Geological Survey and the European Union, highlighting the significance of Blue Moon's endeavors in contributing to national security and economic stability.

In conclusion, Blue Moon Metals is strategically positioned within a promising market context, propelled by significant assay results from the Apex project. The next phases of development promise to unveil additional value as the company pursues its metallurgical program and aims to capitalize on emerging market opportunities.