Blue Moon Metals Reports Major Progress at Nussir Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
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Should l Buy BMM?
Source: PRnewswire
- Drilling Progress: Blue Moon Metals has made significant progress in its Q1-2026 drilling activities at the Nussir Copper-Gold-Silver Project in Norway, combining deep navigational drilling with surface infill drilling to support ongoing geological evaluation.
- Deep Mineralization Expansion: The deep directional drilling program targets high-grade intercepts at 1.2 km depth to the west, which is expected to expand the currently known deep mineralization and enhance resource potential.
- Shallow Infill Program: The shallow infill drilling in the east focuses on resources to be initially exploited, ensuring effective utilization of existing resources in future mining operations.
- Strategic Implications: This drilling activity not only provides data support for the project's feasibility study but also lays the groundwork for the company's mining development in Norway, thereby enhancing its competitive position in the market.
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About BMM
Blue Moon Metals Inc. is a Canadian mineral exploration and development company. It is advancing five brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper project in the United States. All five projects are well located with existing local infrastructure including roads, power and historical infrastructure. The Blue Moon Deposit is located in east central California within Mariposa County in the Foothills. The Apex Mine, located in Washington County in southwestern Utah. Apex property hosts a past-producing underground mine with significant gallium, Germanium, copper, and silver mineralization. Springer Mine is in Pershing County. Its Gage Project consists of 181 unpatented mining claims located on Bureau of Land Management lands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Blue Moon Metals Completes Feasibility Study for Nussir Project
- Feasibility Study Results: The feasibility study completed by Blue Moon Metals for the Nussir project indicates an average annual free cash flow of $77 million based on consensus prices, highlighting the project's strong economic potential and likely attracting investor interest.
- Mine Life Cycle: The study outlines a 13-year mine life, with significant upside potential for future resource growth and mine life extension as the deposit remains open to the west and at depth, which could further enhance the project's economic benefits.
- Capital Expenditure and Equipment Procurement: Blue Moon has placed orders for key equipment, including SAG and ball mills, with approximately $46.7 million already invested, ensuring a smooth execution timeline and reducing project execution risks.
- Economic Impact Assessment: The project is expected to create approximately 200 direct or indirect jobs at peak construction and around 100 during commercial production, providing a sustained boost to the local economy and generating approximately $293 million in tax revenues for the government.
See More
Blue Moon Metals Reports Major Progress at Nussir Project
- Drilling Progress: Blue Moon Metals has made significant progress in its Q1-2026 drilling activities at the Nussir Copper-Gold-Silver Project in Norway, combining deep navigational drilling with surface infill drilling to support ongoing geological evaluation.
- Deep Mineralization Expansion: The deep directional drilling program targets high-grade intercepts at 1.2 km depth to the west, which is expected to expand the currently known deep mineralization and enhance resource potential.
- Shallow Infill Program: The shallow infill drilling in the east focuses on resources to be initially exploited, ensuring effective utilization of existing resources in future mining operations.
- Strategic Implications: This drilling activity not only provides data support for the project's feasibility study but also lays the groundwork for the company's mining development in Norway, thereby enhancing its competitive position in the market.
See More
Blue Moon Metals Achieves Significant Progress at Nussir Project in Norway
- Drilling Success: In Q1 2026, Blue Moon Metals successfully completed two daughter holes at the Nussir Copper-Gold-Silver Project, with NUS-DD-1401-02 intersecting 6.7 meters of mineralization at 1,166.5 meters depth, yielding a copper grade of 1.75%, highlighting the project's high-grade mineralization potential.
- Resource Assessment Improvement: The surface infill drilling program has completed 1,477 meters of the planned 3,000 meters with a 100% success rate, indicating a steady enhancement in resource assessment that is expected to significantly increase the exploitable resources.
- Deep Mineralization Potential: The recently completed mother hole NUS-DD-26-07 successfully intercepted 6.85 meters of mineralization, further confirming the deep mineralization potential of the Nussir project and is expected to provide critical data for future resource assessments.
- Technological Innovation Application: Blue Moon is utilizing Devico's navigational drilling techniques to bridge a 650-meter gap in high-grade mineralization, demonstrating the company's long-term commitment to resource expansion and geological understanding, signaling a sustainable development outlook for the project.
See More
Blue Moon Metals Completes Acquisition of Gage Project
- Acquisition Completed: Blue Moon Metals has successfully closed the acquisition of the Gage Project located in Washington County, Southern Utah, which is expected to enhance the company's project portfolio and drive future development.
- Executive Appointment: The company appointed Reza Ehsani as Senior Vice President of Projects, who has played a key role in advancing the project portfolio over the past year, and is expected to further improve project execution efficiency.
- Project Diversity: Blue Moon is advancing five polymetallic projects, including the Nussir copper-gold-silver project in Norway and the Blue Moon zinc-gold-silver-copper project in the U.S., all of which are well-supported by existing infrastructure and align with the demand for critical metals essential to the global economy and national security.
- Shareholder Background: Major shareholders include Teck Resources and Oaktree Capital, reflecting market confidence in Blue Moon's future growth potential, which is expected to attract more investor interest.
See More
Blue Moon Metals Completes Acquisition of Gage Project in Southern Utah
- Acquisition Completed: Blue Moon Metals has successfully closed the acquisition of the Gage Project located in Washington County, Southern Utah, with no finders' fees paid, marking a significant step in the company's expansion of its mining assets.
- Project Scale: The Gage Project consists of 181 unpatented mining claims covering a total area of 5,916 hectares, which is expected to provide a crucial resource base for the company's future mineral production and enhance its market competitiveness.
- Share Issuance: As part of the acquisition, Blue Moon issued 420,935 common shares to Liberty Gold, which not only optimizes the capital structure but also provides funding support for future project development.
- Executive Appointment: Blue Moon has appointed Reza Ehsani as Senior Vice President of Projects, who has played a key role in advancing the company's project portfolio over the past year, and is expected to further enhance the company's project execution capabilities and market responsiveness.
See More
Blue Moon Metals Acquires Gage Project in Utah
- Acquisition Agreement: Blue Moon Metals has entered into an agreement with Liberty Gold to acquire the Gage Project in Utah for 420,935 common shares and a 2.0% net smelter return royalty, which will enhance its land control in North America's key germanium and gallium district.
- Significant Project Potential: The Gage Project consists of 181 unpatented mining claims covering 5,916 hectares, located along a critical metals belt over 5 kilometers long, surrounding five historic mines and over 20 identified critical mineral prospects, indicating substantial potential for modern exploration.
- Historical Exploration Limitations: While previous drilling in 1980 focused on a single breccia pipe for only 600 feet, the Gage Project has 10 mapped breccia pipes and 9 regional prospects that have not undergone modern exploration, suggesting the possibility of up to 10 breccia pipes and further development opportunities.
- Transaction Conditions and Expectations: The acquisition is subject to TSXV approval and is expected to be completed by the end of March without finder’s fees, demonstrating Blue Moon's commitment to expanding its resource base.
See More
Blue Moon Metals Completes Feasibility Study for Nussir Project
- Feasibility Study Results: The feasibility study completed by Blue Moon Metals for the Nussir project indicates an average annual free cash flow of $77 million based on consensus prices, highlighting the project's strong economic potential and likely attracting investor interest.
- Mine Life Cycle: The study outlines a 13-year mine life, with significant upside potential for future resource growth and mine life extension as the deposit remains open to the west and at depth, which could further enhance the project's economic benefits.
- Capital Expenditure and Equipment Procurement: Blue Moon has placed orders for key equipment, including SAG and ball mills, with approximately $46.7 million already invested, ensuring a smooth execution timeline and reducing project execution risks.
- Economic Impact Assessment: The project is expected to create approximately 200 direct or indirect jobs at peak construction and around 100 during commercial production, providing a sustained boost to the local economy and generating approximately $293 million in tax revenues for the government.
See More
Blue Moon Metals Reports Major Progress at Nussir Project
- Drilling Progress: Blue Moon Metals has made significant progress in its Q1-2026 drilling activities at the Nussir Copper-Gold-Silver Project in Norway, combining deep navigational drilling with surface infill drilling to support ongoing geological evaluation.
- Deep Mineralization Expansion: The deep directional drilling program targets high-grade intercepts at 1.2 km depth to the west, which is expected to expand the currently known deep mineralization and enhance resource potential.
- Shallow Infill Program: The shallow infill drilling in the east focuses on resources to be initially exploited, ensuring effective utilization of existing resources in future mining operations.
- Strategic Implications: This drilling activity not only provides data support for the project's feasibility study but also lays the groundwork for the company's mining development in Norway, thereby enhancing its competitive position in the market.
See More
Blue Moon Metals Achieves Significant Progress at Nussir Project in Norway
- Drilling Success: In Q1 2026, Blue Moon Metals successfully completed two daughter holes at the Nussir Copper-Gold-Silver Project, with NUS-DD-1401-02 intersecting 6.7 meters of mineralization at 1,166.5 meters depth, yielding a copper grade of 1.75%, highlighting the project's high-grade mineralization potential.
- Resource Assessment Improvement: The surface infill drilling program has completed 1,477 meters of the planned 3,000 meters with a 100% success rate, indicating a steady enhancement in resource assessment that is expected to significantly increase the exploitable resources.
- Deep Mineralization Potential: The recently completed mother hole NUS-DD-26-07 successfully intercepted 6.85 meters of mineralization, further confirming the deep mineralization potential of the Nussir project and is expected to provide critical data for future resource assessments.
- Technological Innovation Application: Blue Moon is utilizing Devico's navigational drilling techniques to bridge a 650-meter gap in high-grade mineralization, demonstrating the company's long-term commitment to resource expansion and geological understanding, signaling a sustainable development outlook for the project.
See More
Blue Moon Metals Completes Acquisition of Gage Project
- Acquisition Completed: Blue Moon Metals has successfully closed the acquisition of the Gage Project located in Washington County, Southern Utah, which is expected to enhance the company's project portfolio and drive future development.
- Executive Appointment: The company appointed Reza Ehsani as Senior Vice President of Projects, who has played a key role in advancing the project portfolio over the past year, and is expected to further improve project execution efficiency.
- Project Diversity: Blue Moon is advancing five polymetallic projects, including the Nussir copper-gold-silver project in Norway and the Blue Moon zinc-gold-silver-copper project in the U.S., all of which are well-supported by existing infrastructure and align with the demand for critical metals essential to the global economy and national security.
- Shareholder Background: Major shareholders include Teck Resources and Oaktree Capital, reflecting market confidence in Blue Moon's future growth potential, which is expected to attract more investor interest.
See More
Blue Moon Metals Completes Acquisition of Gage Project in Southern Utah
- Acquisition Completed: Blue Moon Metals has successfully closed the acquisition of the Gage Project located in Washington County, Southern Utah, with no finders' fees paid, marking a significant step in the company's expansion of its mining assets.
- Project Scale: The Gage Project consists of 181 unpatented mining claims covering a total area of 5,916 hectares, which is expected to provide a crucial resource base for the company's future mineral production and enhance its market competitiveness.
- Share Issuance: As part of the acquisition, Blue Moon issued 420,935 common shares to Liberty Gold, which not only optimizes the capital structure but also provides funding support for future project development.
- Executive Appointment: Blue Moon has appointed Reza Ehsani as Senior Vice President of Projects, who has played a key role in advancing the company's project portfolio over the past year, and is expected to further enhance the company's project execution capabilities and market responsiveness.
See More
Blue Moon Metals Acquires Gage Project in Utah
- Acquisition Agreement: Blue Moon Metals has entered into an agreement with Liberty Gold to acquire the Gage Project in Utah for 420,935 common shares and a 2.0% net smelter return royalty, which will enhance its land control in North America's key germanium and gallium district.
- Significant Project Potential: The Gage Project consists of 181 unpatented mining claims covering 5,916 hectares, located along a critical metals belt over 5 kilometers long, surrounding five historic mines and over 20 identified critical mineral prospects, indicating substantial potential for modern exploration.
- Historical Exploration Limitations: While previous drilling in 1980 focused on a single breccia pipe for only 600 feet, the Gage Project has 10 mapped breccia pipes and 9 regional prospects that have not undergone modern exploration, suggesting the possibility of up to 10 breccia pipes and further development opportunities.
- Transaction Conditions and Expectations: The acquisition is subject to TSXV approval and is expected to be completed by the end of March without finder’s fees, demonstrating Blue Moon's commitment to expanding its resource base.
See More
