Advancing Brownfield Critical Metals
Projects in the USA and Norway into
Production
Blue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the Springer tungsten-molybdenum project in the United States, the Blue Moon zinc-gold-silver-copper project in the United States, the Apex germanium-gallium-copper project in the United States and the NSG copper-zinc-gold-silver project in Norway. All 5 projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and tungsten are currently on the USGS and EU lists of metals critical to the global economy and national security, and germanium and gallium are also on the USGS list of critical metals. Major shareholders include Teck Resources Limited, funds managed by Oaktree Capital Management, Hartree Partners, LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS and Monial.
A New Critical Metals Miner in the Making
Tier 1 Jurisdictions
USA and Norway are focused on critical metals mining. Springer to become a central processing hub for critical metals ores in the Western USA
Permits in Hand
All 5 projects are fully permitted or have a low-risk, quick path to production
Elegant Development Plan
Sequential development starting with Nussir and Springer. Springer and Apex ores could supply a significant portion of the USA tungsten, germanium and gallium needs
Low Capital Cost Intensity
Due to brownfield nature of the 5 projects and high grades
High Upside Potential
Company is trading at a significant P/NAV discount to our peer group. Main expansion push will be in the US around the Springer Mill Complex. 70,000 metres of planned diamond drilling in 2026 at Springer
Strong Investors and People
Strong construction team. Major shareholders include Teck Resources, Oaktree/Hartree Partners LP, Wheaton Precious, Altius Minerals and other high net worth investors