#USA #Utah #Blue Moon Metals #Gage Project #Reza Ehsani

Blue Moon Metals Closes Acquisition of the Gage Project

On April 2, 2026, Blue Moon Metals Inc. announced the successful closing of its acquisition of the Gage Project, located in Washington County, Southern Utah. This important development follows the previous announcement made on March 18, 2026, regarding the transaction with Liberty Gold USA Inc., a subsidiary of Liberty Gold Corp. The acquisition signifies a strategic growth opportunity for Blue Moon Metals, reinforcing its position in the mining sector.

Acquisition Details

The Gage Project includes 181 unpatented mining claims, covering a total area of 5,916 hectares, situated within Bureau of Land Management lands and on leased land from the Utah School and Institutional Trust Lands Administration. As part of the acquisition agreement, Blue Moon issued 420,935 common shares to Liberty Gold.

Additionally, Blue Moon has taken on a 4% production royalty concerning the SITLA leases for non-fissionable materials extracted, which may increase to 8% should fissionable materials be involved. Furthermore, the company has granted a 2% net smelter returns (NSR) royalty to Liberty Gold USA concerning mineral production on the Gage Project claims, with an option for Blue Moon to repurchase 1% of the NSR for $2 million before reaching commercial production.

New Leadership Appointment

In conjunction with this acquisition, Blue Moon Metals is thrilled to announce the appointment of Reza Ehsani as Senior Vice President of Projects. Ehsani brings with him over 29 years of experience across various sectors, including mining, oil and gas, and infrastructure. He has been pivotal in advancing the company’s project portfolio during his tenure, making his new role particularly impactful as Blue Moon aims to progress its initiatives.

"Reza's expertise has been invaluable to our project pipeline, and his appointment reflects his significant contributions thus far," stated Christian Kargl-Simard, CEO of Blue Moon. His track record in managing multidisciplinary teams and delivering complex projects will be crucial as Blue Moon moves towards the construction and operation phases of its projects.

Strategic Implications and Future Outlook

Blue Moon Metals currently oversees five brownfield polymetallic projects, including the Nussir copper-gold-silver project and the Blue Moon zinc-gold-silver-copper project. These undertakings are strategically selected given their proximity to existing infrastructure and critical minerals that are vital to both the economy and national security.

Major shareholders in Blue Moon include prominent firms such as Teck Resources Limited and Wheaton Precious Metals Corp, signifying confidence in Blue Moon's strategic direction and operational capabilities.

With the acquisition of the Gage Project and the appointment of a seasoned executive like Reza Ehsani, Blue Moon Metals is poised to enhance its foothold in the mining sector, efficiently navigating upcoming challenges and seizing emerging opportunities.

For further information, Blue Moon invites interested parties to explore the official website where detailed resources and updates on their projects are readily available.

As Blue Moon moves forward, it emphasizes the importance of staying aware of market dynamics, regulatory changes, and the operational landscape that could impact mining operations in Utah and beyond. The company maintains an optimistic outlook, ready to pursue advancements and innovations in mining.