Blue Moon Metals' Trading Resumption Marks New Era of Growth

Trading Resumption and Graduation to Tier 1

Blue Moon Metals Inc. (TSXV: MOON) is excited to announce that trading of its common shares will resume on the TSX Venture Exchange. This important development is set to take place at market open on the first trading day after the announcement. With this resumption, Blue Moon also celebrates its elevation from Tier 2 to Tier 1 issuer status on the exchange.

Successful Completion of Acquisitions

The trading of Blue Moon’s shares had been paused in late 2024 due to a series of acquisitions that set the stage for this momentous transition. The company finalized its acquisition of Nussir ASA and Nye Sulitjelma Gruver AS, effectively expanding its operational footprint. In addition, Blue Moon successfully acquired Repparfjord Eiendom AS, enhancing its portfolio with significant assets related to aggregate mining.

Equity Financing and Future Commitments

In connection with these acquisitions, Blue Moon completed approximately $35.4 million in equity financing at a pricing of $3.00 per share. Notably, Leonhard Nilsen & Sønner Eiendom AS, one of its mining contractors, was involved in this financing, contributing $4.2 million and pledging an additional $2.3 million contingent upon project milestones. This financing structure is critical as the company gears up to start decline construction at the Nussir project.

Benefits of Tier 1 Status

Graduating to Tier 1 status signifies a major achievement for Blue Moon. This level on the TSX Venture Exchange is reserved for the most advanced issuers and comes with distinct advantages, such as reduced filing requirements and enhanced service. Consequently, Blue Moon’s shares will operate under improved conditions ensuring greater flexibility and efficiency as it moves forward with its growth strategy.

Share Consolidation Details

The planned share consolidation will take effect with the upcoming trading resumption. This process consolidates ten pre-consolidation shares into one post-consolidation share, resulting in an estimated 51 million shares outstanding. This ratio is designed to enhance shareholder value and improve the company’s market perception.

About Blue Moon Metals Inc.

Blue Moon Metals is working diligently on a number of promising projects. These include three brownfield sites: the Nussir copper-gold-silver project in Norway, the NSG project in Norway, and the Blue Moon project in the United States. Each of these sites boasts crucial local infrastructure. The ongoing interest in critical metals such as zinc and copper by the USGS and EU further emphasizes the importance of these projects.

Contact Information

For more details regarding Blue Moon Metals Inc., please reach out to:
Christian Kargl-Simard
President, CEO and Director
Phone: (416) 230 3440
Email: christian@bluemoonmetals.com

Frequently Asked Questions

What is the significance of the trading resumption?

The resumption of trading reflects the company's recovery and future potential, allowing investors to participate in its growth after completing significant acquisitions.

What does the graduation to Tier 1 status mean?

Tier 1 status offers Blue Moon benefits such as lower filing requirements and improved access to resources, marking it as one of the leading companies on the TSX Venture Exchange.

How will the share consolidation impact existing shareholders?

The consolidation is designed to increase the per-share value, which can enhance market perception and potentially attract new investors.

What future projects is Blue Moon working on?

Blue Moon is focused on advancing its copper-gold-silver projects in Norway and the United States, aligning with the growing demand for critical metals globally.

Who can investors contact for inquiries?

Investors can reach out to Christian Kargl-Simard, the President and CEO, via phone at (416) 230 3440 or email at christian@bluemoonmetals.com.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

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