#USA #Utah #Blue Moon #Gage Project #Liberty Gold

Blue Moon Metals Expands Mineral Horizons with Gage Properties Acquisition

Blue Moon Metals Inc. (TSXV: MOON, NASDAQ: BMM) has announced a significant acquisition aimed at enhancing its operations in the highly prospective region of Southern Utah. The company has finalized an agreement to acquire the Gage Project from a subsidiary of Liberty Gold Corp. This strategic move, which will involve the exchange of 420,935 common shares of Blue Moon and a 2% net smelter return royalty on specific concessions, is poised to bolster Blue Moon's position within one of North America's most critical germanium and gallium districts.

Strengthening Operational Footprint

Christian Kargl-Simard, the CEO of Blue Moon, expressed excitement regarding this latest acquisition, which follows soon after the company secured the Apex Mine from Teck Resources. This most recent purchase not only consolidates Blue Moon's operational footprint around the Apex Mine but also grants the company access to critical mineral resources pivotal to emerging technologies and energy solutions. The Gage Project is set to play a crucial role in the company’s strategy of capitalizing on the increasing global demand for germanium and gallium.

Project Overview and Geological Significance

The Gage Project encompasses 181 unpatented mining claims that cover a vast area of 5,916 hectares. These lands are situated within a north-west trending critical metals belt that stretches over 5 kilometers. This region is rich in historical data, featuring five historic mines and over 20 previously identified critical mineral prospects surrounding the Apex Mine. The geological features of the Gage Project show similarity to those of the Apex Mine, particularly the presence of breccia pipes which are essential for hosting both germanium and gallium.

Despite prior drilling conducted in 1980 focusing on a limited vertical section, the potential of the site remains largely unexplored, with estimates suggesting that as many as 10 breccia pipes could be present, alongside additional prospective areas yet to be identified

Terms and Transaction Details

In entering this agreement, Blue Moon will acquire 100% ownership of the Gage Project, free from major encumbrances, aside from an existing 4% royalty related to the SITLA leases. The transaction includes essentials such as:

• - Issuance of 420,935 shares of Blue Moon to Liberty Gold.
• - A 2.0% NSR, applicable to mineral production from the Gage Project (excluding SITLA lease lands). Importantly, Blue Moon retains the option to repurchase 1.0% of the NSR for a cash payment of $2 million prior to achieving commercial production.

The transaction is subject to approval from the TSXV and is set to finalize by the end of March.

Future Prospects

Blue Moon's CEO emphasizes that the Gage Project is not merely an acquisition but a fundamental addition to their portfolio that positions the company favorably in the domestic and international mineral markets. With the growing demand for germanium and gallium—both critical for various high-tech applications and sustainability initiatives—this acquisition is a strategic alignment with market trends.

As Blue Moon continues to advance and explore its several brownfield polymetallic projects, including notable ventures in Norway and the United States, the company seeks to leverage established local infrastructures to optimize its operational efficiency. As the demand for critical metals rises in relation to energy, tech, and various industrial applications, Blue Moon aims to become a leading supplier within this realm.

For additional details and updates on Blue Moon's projects and operations, stakeholders are encouraged to visit the company’s official website at www.bluemoonmetals.com.

Cautionary Note

This release contains forward-looking statements, indicating possible outcomes that involve risks and uncertainties. These projections are contingent upon factors such as commodity prices, market demand, regulatory approvals, and operational integration challenges. Potential investors and interested parties should exercise caution and conduct full due diligence.

Blue Moon's commitment to navigating these challenges while pursuing its strategic goals reflects its dedication to becoming a major player in the critical metals industry.