Blue Moon Metals Reports Significant Development Momentum on its Norwegian Projects

Core Viewpoint - Blue Moon Metals Inc. is making significant progress on its Norwegian projects, particularly the Nussir Copper-Gold-Silver Project and the NSG Copper-Zinc Project, with ongoing development and exploration activities aimed at enhancing resource estimates and advancing construction timelines [1][2][10]. Nussir Project Update - The underground decline at the Nussir project has advanced 656 meters as of November 27, 2025, marking a crucial step for future mine development and infrastructure installation [2][3]. - The main high-voltage transformer has been secured, reducing schedule risk and supporting the construction sequence [3]. - Early Works Construction Phase 1 has been completed, and Phase 2 is currently underway, focusing on additional surface area preparations [3][4]. - The feasibility study is on track for completion in February 2026, updating operating and capital costs based on the previous JORC compliant study [5]. - A directional drilling campaign commenced in October, aiming to expand the current mineral resource estimate (MRE) and test for high-grade mineralization at depth [6][7]. - The current MRE at Nussir includes an indicated resource of 28.72 million tonnes (Mt) at 1.02% Cu, 0.12 g/t Au, and 12.3 g/t Ag, and an inferred resource of 32.0 Mt at 1.01% Cu, 0.14 g/t Au, and 14.6 g/t Ag [7][8]. NSG Project Update - At the NSG Copper-Zinc project, activities are ramping up with the mining contractor, Fauskebygg, completing necessary improvements to the tunnel entrance [10]. - A 10,000-meter underground exploration program at the Rupsi deposit is expected to start soon, focusing on infill and expansion drilling of the inferred resource of 9.23 Mt at 1.19% Cu and 0.31% Zn [12]. - The geological mapping has advanced the understanding of the district, identifying additional exploration targets [11][12]. Restricted Share Units (RSU) Award - The company has granted 385,415 RSUs to certain officers, with each RSU representing a right to receive one common share following a two-year vesting period [16].