Blue Moon Metals Announces Start of Mobilization for Nussir Underground Development, Follow on Equity Investment of C$1.13M From Mining Contractor and Engagement of Market Maker

Core Points - Blue Moon Metals Inc. is preparing for underground development at its Nussir Copper-Gold-Silver Project in Northern Norway, with mobilization of LNS expected to provide key inputs for engineering studies leading to a final investment decision in 2026 [1] - LNS has subscribed for an additional C$2.2 million of Blue Moon common shares, following the achievement of the first milestone related to underground mobilization [2][3] - Blue Moon has engaged Red Cloud Securities Inc. for market stabilization and liquidity services, with a monthly fee of $7,000 for a minimum term of three months [4][5] Financing Details - The financing closed on May 8, 2025, with LNS subscribing for 376,833 common shares at C$3.00 per share, resulting in gross proceeds of C$1.13 million [2][3] - The proceeds from the financing will be allocated for underground development at the Nussir Project [3] Stock Options - The company granted 24,000 incentive stock options to a consultant, with an exercise price of $3.00 per option, vesting over three years [7] Company Overview - Blue Moon is advancing three brownfield polymetallic projects, including the Nussir project in Norway, and is focused on critical metals like zinc and copper [9]