Blue Moon Metals mobilizes for Nussir project's underground development

On May 8, 2025, Blue Moon Metals Inc. made significant progress with the mobilization of Leonhard Nilsen & Sønner AS in preparation for the underground development of its Nussir Copper-Gold-Silver Project located in Northern Norway. The company aims to confirm the underground mining parameters and explore the exploration decline further. The upcoming work is expected to last one year and will yield crucial data for engineering studies that could ultimately lead to a final investment decision concerning the project by 2026. This decision will encompass the mine, processing plant, and tailings infrastructure necessary for sustainable mining operations. In conjunction with this mobilization effort, Blue Moon Metals revealed a follow-up equity investment by LNS, who previously made a significant financial commitment to the company's shares. Following the milestone of LNS starting its mobilization at the project, LNS subscribed for an additional C$1.13 million of common shares at C$3.00 per share. This subscription is part of a broader financial agreement wherein LNS agreed to secure a total of C$2.2 million in common shares contingent upon certain project milestones. The funding is expected to enhance Blue Moon's ability to conduct necessary exploration and development work, further solidifying its position in the critical metals market. To maintain market stability and liquidity for its shares, Blue Moon has engaged Red Cloud Securities Inc. This Toronto-based investment dealer will trade on the TSXV under a structured agreement to ensure adherence to regulatory exchange policies. The contract stipulates a monthly payment for their services, reflecting Blue Moon's commitment to sustaining healthy trading conditions as it advances with its mining endeavors. The company has a clear strategy to not only enhance its operational capacity but to also respond proactively to the growing demands for critical metals such as zinc and copper. While moving forward with these developments, Blue Moon Metals also made a recent stock option grant, emphasizing their ongoing commitment to aligning the interests of consultants and management with shareholders. Given the projected importance of the Nussir Project to global copper and gold supplies, and the current demand for critical metals in various industries, these developments show Blue Moon's strategic foresight as a player in the mining sector. The associated forward-looking statements made underscores the company’s optimistic outlook, but also its acknowledgment of the inherent risks and uncertainties associated with major mining investments.