Blue Moon Metals Closes C$156.3 Million in Bought Deal Offerings, Fueling Critical Mineral Projects

Blue Moon Metals Inc. (TSX.V: MOON) (NASDAQ: BMM) announced the closing of its previously announced bought deal public offering and concurrent bought deal private placement, raising aggregate gross proceeds of C$156.25 million. The company issued 15.625 million common shares at a price of C$10.00 each. The net proceeds are expected to support construction capital for the Nussir and Blue Moon projects, development at the Springer Tungsten and Apex projects, additional exploration, U.S. growth initiatives, and general corporate purposes, subject to final approval from the TSX Venture Exchange.

The substantial capital raise underscores investor confidence in Blue Moon's portfolio of five brownfield polymetallic projects. These include the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States, and the Apex gallium, germanium, copper, and silver project in the United States. All five projects are well located with existing local infrastructure, including roads, power, and historical infrastructure. The metals targeted—zinc, copper, tungsten, gallium, and germanium—are currently on the USGS and EU lists of metals critical to the global economy and national security.

Major shareholders include Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS, and Monial. For more information on the company and its projects, visit the company's website at https://bluemoonmetals.com/.

The closing of this offering marks a significant milestone for Blue Moon Metals as it advances its projects towards production. The funds will be instrumental in de-risking and accelerating development timelines, particularly for the Nussir project in Norway and the Blue Moon project in the U.S. The company's focus on critical minerals aligns with growing demand driven by the energy transition and national security concerns. By securing substantial financing, Blue Moon is well-positioned to contribute to the supply chain for metals essential for electric vehicles, renewable energy technologies, and defense applications.

Investors and industry observers will be watching closely as the company deploys capital to advance its projects. The successful closure of this offering suggests strong market support for Blue Moon's strategy and the long-term outlook for critical minerals. As the company progresses, further updates on construction milestones and exploration results are anticipated. The full press release is available at https://ibn.fm/sRAF9.