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Blue Moon Metals to Acquire Nine Mineral Claims Adjacent to Springer Mine in Nevada

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Blue Moon Metals (BMM) said Tuesday it has agreed to acquire certain claims adjacent to its Springer Mine in Pershing County, Nevada from GoldPlay and Robert Schafer for 188,199 shares, $1 million in cash, and a sliding scale gross revenue royalty on the concessions.

The acquisition consists of nine unpatented mineral claims, including a portion of some historically identified veins including the Stank deposit, the O'Byrne deposits, and a portion of the Sutton deposit, and have seen high-grade tungsten trioxide drill results, the company said.

A purchase and sale agreement was executed on Monday, with completion expected by early May, subject to regulatory approval, the company said.

Price: $7.31, Change: $-0.73, Percent Change: -9.03%

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