Blue Moon Closes C$1.3M Equity Financing

Core Viewpoint - Blue Moon Metals Inc. has successfully closed an equity financing round, raising C$1.3 million to support its underground development projects, particularly the Nussir Project in Norway [1]. Financing Details - The company issued 181,127 common shares, resulting in total gross proceeds of $1,305,563.41 [1]. - The financing is pending final approval from the TSX Venture Exchange, and no finder's fees were paid [1]. - The common shares are subject to a statutory hold period of four months and one day [1]. Project Overview - Blue Moon is advancing five brownfield polymetallic projects, including the Nussir copper-gold-silver project and the NSG copper-zinc-gold-silver project in Norway, as well as projects in the United States [1]. - The projects are strategically located with existing local infrastructure, which includes roads and power [1]. - Key metals involved, such as zinc, copper, and tungsten, are recognized as critical to the global economy and national security [1]. Major Shareholders - Significant 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].