#Canada #Toronto #Blue Moon #LNS #Nussir Project

Blue Moon Metals Secures Significant Investment for Future Growth

Blue Moon Metals Inc. is pleased to announce a follow-on investment of C$1.2 million from its mining contractor, Leonhard Nilsen & Sønner AS (LNS). This investment marks a significant step forward for Blue Moon as it aims to advance its operations in Norway, particularly at the Nussir copper-gold-silver project.

On March 3, 2026, Blue Moon disclosed that LNS has subscribed to 168,514 common shares at a price of $7.208 per share, further solidifying their commitment to the mining project. This investment follows earlier subscriptions from LNS, including C$4.2 million completed in December 2024 and C$1.13 million in May 2025, which were initiated as LNS mobilized for underground operations at the Nussir project.

Background on Blue Moon and LNS's Role

Blue Moon is focused on advancing a portfolio of five significant polymetallic projects located in established mining regions. The Nussir project in Norway stands out due to its promising reserves of copper, gold, and silver, essential metals that are crucial for the global economy and deemed critical to national security by various authorities. Blue Moon's strategic partnerships with major stakeholders, including funds managed by Oaktree Capital Management and Wheaton Precious Metals, are indicative of the company's strong position in the market.

This particular financing is subject to approval by the TSX Venture Exchange and is expected to close by March 17, 2026. Notably, no finder's fees were involved in this transaction, ensuring a clear financial path for both parties involved. The funds raised through this financing round will support the ongoing underground development of the Nussir project, reflecting Blue Moon's proactive approach to project development and financing.

Future Prospects and Operations

As Blue Moon continues to push forward with its operations, the growing interest from LNS signals confidence in the project's success. With a solid infrastructure in place, including access to roads and power, the Nussir project is poised for significant advancement as development plans progress. The investment trend emphasizes LNS's commitment to the collaboration, highlighting the potential opportunities awaiting in the Norwegian mining sector.

Moreover, Blue Moon's commitment to diversifying its project portfolio across the United States with projects such as the Blue Moon zinc-gold-silver project and Springer tungsten-molybdenum project demonstrates a well-rounded strategy to cater to the increasing demand for critical minerals. The importance of these metals is reflected in their current status on the USGS and EU lists, which recognize them as vital assets for technological advancement and national security.

As a company well-versed in navigating the complexities of mining regulations and market dynamics, Blue Moon is well-positioned to leverage its strategic investments and project locations. The anticipated development of the Nussir project, backed by solid financing, will not only enhance the company’s operational capabilities but will also contribute positively to the local economy in Norway, reaffirming Blue Moon's place as a leader in the mining sector.

In summary, having secured a substantial follow-on investment from LNS, Blue Moon Metals Inc. is set to accelerate its development plans for the Nussir project and further entrench its presence in the mining industry. Stakeholders and investors alike will be closely following the progress as the company continues to grow and expand its horizons, backed by strong financial support and a commitment to sustainable mining practices.