Blue Moon Metals Acquires 33 Critical Metals Projects for $20.5 Million

Blue Moon Metals Inc. acquired 33 tungsten and antimony projects across the western United States for approximately $20.5 million. The transaction consists of 2.8 million common shares valued at $15.5 million, $5 million in cash, and a 1% net smelter return royalty for the private owner.

The company intends to use the Springer complex in northwestern Nevada to process high-grade tungsten from four specific candidates, including the Wildhorse Canyon mine in Idaho and the Oregon mine in Colorado. This acquisition marks the company's first entry into antimony production, a metal used in night vision goggles and flame retardants for which the United States currently has no domestic mined production.

The move is part of a broader strategy to establish a U.S.-focused critical metals platform. By securing these assets, the company aims to decrease dependence on Chinese supply chains for minerals essential to military defense, electronics, and aerospace industries.