Blue Moon Announces Follow on Investment of C$1.2M from Mining Contractor

Core Viewpoint - Blue Moon Metals Inc. has announced a follow-on investment of C$1.2 million from its mining contractor Leonhard Nilsen & Sønner AS, aimed at supporting underground development at the Nussir copper-gold-silver project in Norway [1]. Group 1: Investment Details - Leonhard Nilsen & Sønner AS subscribed to 168,514 common shares at a price of $7.208 per share [1]. - This investment follows previous subscriptions of C$4.2 million in December 2024 and C$1.13 million in May 2025, which were linked to the mobilization of underground operations at the Nussir project [1]. - The financing is pending approval from the TSX Venture Exchange and is expected to close around March 17, 2026 [1]. Group 2: Project Overview - Blue Moon is advancing five brownfield polymetallic projects, including the Nussir project in Norway and others in the United States [1]. - The projects are strategically located with existing infrastructure, which includes roads and power [1]. - Metals such as zinc, copper, and tungsten are recognized as critical to the global economy and national security [1]. Group 3: Shareholder Information - Major shareholders include funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS, and Monial [1].