Blue Moon Metals Announces Closing of US$5 Million Private Placement and Initial US$12.5 Million Draw Under Bridge Loan from Hartree/Oaktree to Advance Flagship Nussir Project in Norway

Core Viewpoint - Blue Moon Metals Inc. has successfully closed a US$5 million non-brokered private placement and received conditional approval for a bridge loan, marking the initial steps of a larger investment package aimed at advancing its Nussir Copper Project in Norway [1][2][3]. Group 1: Investment Details - The company has closed an Initial Equity Subscription of US$5 million with Oaktree, part of a potential US$20 million equity commitment [1][6]. - A bridge loan of US$25 million has been arranged, with the company having drawn US$12.5 million and eligible for a second installment of US$12.5 million upon meeting certain conditions [2][6]. - The total investment package could provide up to US$140 million to support the development of the Nussir Copper Project [3][5]. Group 2: Project Funding and Use of Proceeds - The initial capital from the bridge loan and equity subscription will fund early works and pre-construction activities, including engineering and procurement [5]. - The investment package includes a US$50 million senior secured term loan and a US$70 million redeemable precious metals stream, contingent on certain conditions being met by March 31, 2026 [5][6]. Group 3: Company Overview - Blue Moon is advancing three brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, which is critical for the global economy [8]. - The company has established local infrastructure for its projects, which include roads and power [8].