Blue Moon Metals Enters into MOU to Acquire the Springer Critical Metals Mine and Processing Plant in Nevada and Announces its Intention to list on the NASDAQ

Core Viewpoint - Blue Moon Metals Inc. has entered into a Memorandum of Understanding to acquire the Springer Mine and associated infrastructure in Nevada, aiming to enhance its operations in critical metals and potentially list on NASDAQ by Q1 2026 [1][5]. Transaction Details - The Memorandum of Understanding was signed on October 10, 2025, with Goods LG LLC for the acquisition of the Springer Mine, Mill, and necessary processing infrastructure [1]. - A non-refundable cash payment of US$500,000 has been made to the Seller for exclusivity on the Property [1]. - The completion of the transaction is contingent upon several conditions, including the negotiation of a definitive agreement and the extension of certain water rights [1][4]. Property and Infrastructure - The Springer Property encompasses approximately 11,280 acres of mineral claims and fee lands, with historical mineral resources located entirely on private lands [3]. - The mine infrastructure includes a vertical shaft reaching 1,600 feet, a headframe, and a three-compartment hoist [3]. - The mill has historically processed tungsten and includes an Ammonium Paratungstate circuit, which can be modified for critical metals processing [2][11]. Strategic Intent - Blue Moon plans to develop a hub and spoke business model by acquiring smaller, high-grade underground critical metals mines in the western United States, processing the material at the Springer Mill [2]. - This strategy aligns with U.S. federal government initiatives to boost domestic production of critical metals and reduce reliance on foreign supply chains [2]. Future Plans - The company intends to apply for a listing on the NASDAQ Capital Market, with the listing expected to be completed in Q1 2026 [5]. - The CEO emphasized the opportunity to develop smaller, higher-grade mines in the critical minerals sector, including base metals, antimony, and tungsten [5]. Resource Estimates - Historical estimates indicate indicated resources of 355,000 tons at 0.537% WO3 and inferred resources of 1,933,600 tons at 0.493% WO3 [10]. - The resource classification was based on CIM guidelines and presented at a cutoff grade of 0.20 WO3% [8].