$BMM

3 stories mentioning BMMUpdated 42d ago

Every FINWIRES story that references BMM, newest first.

Blue Moon Metals Signs Agreement to Combine Its NSG Unit With Alpha Future Funds' VMS

Blue Moon Metals (MOON.V, BMM) said Friday that its Nye Sulitjelma Gruver AS (NSG) subsidiary entered into a binding share-purchase agreement with VMS Explorations AS, a wholly owned subsidiary of Luxembourg-based Alpha Future Funds, to combine the two subsidiaries into a single entity.Under the agreement, VMS will acquire 100% of the shares in NSG for US$15 million payable in new shares of VMS, giving Blue Moon a 30% holding in the combined company. Nearly 1,285 shares of VMS will be issued to Blue Moon, at a deemed price of US$11,666.67 per share.Combining NSG and VMS is expected to allow for an integrated development opportunity, prioritizing mining of targeted high-grade zones and centralized haulage, and processing to strengthen project economics and streamline advancement toward production, Blue Moon said in a statement.Completion of the acquisition is subject to satisfaction of certain conditions, including raising of a minimum of C$10 million in new capital and listing of VMS on a recognized stock exchange within 18 months of closing of the transaction.The acquisition is expected to close on or about November 30, 2026.Blue Moon's shares closed up C$0.30 to C$8.32 on TSX Venture Exchange on Friday.

$BMM$MOON.V

Mining & Metals47d ago

Blue Moon Metals Reports Major Development Milestones at Its Nussir Project in Norway

Blue Moon Metals (MOON.V, BMM) after trade Wednesday detailed several milestones for its Nussir copper-silver-gold project in Norway.The company said it awarded the engineering, procurement, and construction contract to MOMEK Services AS for the project's processing plant. It added that the award aligns with its execution plan set out in the April feasibility study on the project and furthers the project towards full-scale construction and production in the fourth quarter of 2027.In addition, the Norwegian Environment Agency approved the project's Waste Management Plan and updated discharge permit. The Norwegian Directorate of Mines also approved the project's revised mine operating plan, according to the statement."With our permitting framework now complete, our long-lead equipment on order, our mine decline advancing to the orebody, and our key construction contracts in place, we are on track to deliver production later in 2027," Chief Executive Christian Kargl-Simard said.The company's shares closed down C$0.57 to C$7.88 on the TSX Venture Exchange.

$BMM$MOON.V

Wire104d ago

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

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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