#Canada #Toronto #Blue Moon Metals #Nussir Project #C$1.3 Million

Blue Moon Completes C$1.3 Million Equity Financing

On March 10, 2026, Blue Moon Metals Inc. announced the closure of an equity financing round, securing a significant amount of C$1.3 million. This financing follows their previous announcements dated March 3 and March 6, indicating ongoing discussions with existing shareholders, Leonhard Nilsen & Sønner AS and Hartree Partners, LP. The company successfully issued 181,127 common shares, bringing in total gross proceeds of CAD 1,305,563.41.

The equity financing remains pending final approval from the TSX Venture Exchange, and it is worth noting that no finder's fees were incurred in the process. The shares issued through this financing will be subjected to a statutory hold period of four months and one day. The capital raised is earmarked primarily for the underground development of the remarkable Nussir Project in Norway, which holds promising potential for the company's future operations.

About Blue Moon Metals Inc.

Blue Moon is strategically progressing five brownfield polymetallic projects. These include the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project, the Blue Moon zinc-gold-silver-copper project based in the United States, along with the Springer tungsten-molybdenum project and the Apex germanium-gallium-copper project, all located across various sites in the U.S. All five projects benefit from existing local infrastructure, including vital roads and power—an essential factor for operational efficiency.

The projects are critical not only for the company but also for the global economy and national security, with metals like zinc, copper, and tungsten featured prominently on both the USGS and EU lists of critical materials. Moreover, germanium and gallium are also noted as critical, further emphasizing the strategic significance of Blue Moon’s initiatives in the mining sector.

Prominent shareholders in Blue Moon include funds managed by esteemed companies such as Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS, and Monial. The company's proactive approach and dynamic growth position it well in the competitive landscape of resource extraction and development.

Looking Ahead

The financing advancement and commitment to the Nussir Project display Blue Moon's determination to develop its assets efficiently while taking necessary steps to bolster its mining operations. As the company moves forward, investors and stakeholders alike will be keenly watching developments regarding the anticipated benefits from this financing round.

In such a rapidly evolving market, Blue Moon's ability to fulfill its operational goals while tackling potential challenges will be crucial. The anticipated insights and updates regarding upcoming projects and developments will provide vital information for both current and prospective investors in the company's promising ventures.

For further details and potential inquiries, stakeholders can visit Blue Moon’s official website (www.bluemoonmetals.com) for comprehensive information and updates on their projects and financing endeavors.