Blue Moon Metals
Blue Moon Metals is a pre-revenue junior miner developing five brownfield polymetallic critical-metals projects in Norway and the United States, targeting copper, zinc, tungsten, germanium, and gallium production for defense, semiconductor, and clean-energy customers.
- Company typePublic
- Founded2007
- HeadquartersToronto, Canada
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Blue Moon Metals does
Blue Moon Metals is a junior mining company transitioning from exploration to development stage, focused on brownfield polymetallic critical-metals projects in North America and Norway. The company operates five projects across two jurisdictions: the Nussir copper-gold-silver project in northern Norway (designated an EU strategic project under the Critical Raw Materials Act), the Blue Moon polymetallic deposit in California, the NSG copper-zinc VMS project in Norway, the Springer tungsten mine and processing plant in Nevada, and the Apex germanium-gallium mine in Utah (acquired from Teck Resources), with the Gage Project in Utah added to consolidate a critical-metals belt. Its core technology is brownfield underground mining combined with flotation-mill ore processing, including a tungsten APT circuit at Springer; the company has no current revenue and is pre-production.
The company's business model centers on extracting and selling copper, zinc, gold, silver, tungsten, molybdenum, germanium, and gallium to defense contractors, semiconductor manufacturers, metallurgical processors (notably Teck Resources' Trail Operations under a life-of-mine zinc concentrate offtake), and clean-energy supply chains. Blue Moon's go-to-market leverages institutional capital raises, project finance facilities (up to $140M from Oaktree and Hartree Partners), and offtake agreements to de-risk development; it generates no product revenue today and will not until Nussir reaches hot commissioning in Q3 2027 and Springer restarts in Q4 2027. Distribution is exclusively B2B via direct sales and processing partnerships, with no consumer-facing channels.
Capital structure is anchored by public listings on TSXV, Nasdaq Capital Market (BMM since January 2026), and Frankfurt, with a market capitalization of approximately C$889M and recent equity raises exceeding C$300M in 2025-2026. Strategic shareholders include Teck Resources (~8% via Apex consideration), Hartree Partners, Oaktree Capital, and mining contractor LNS, reflecting alignment between financiers, offtakers, and execution partners. The portfolio positions Blue Moon as a potential only major North American tungsten producer and a non-Chinese source of germanium and gallium for the semiconductor and defense sectors.
Blue Moon Metals firmographics
Firmographics- Name
- Blue Moon Metals
- Legal name
- Blue Moon Metals Inc.
- Website
- https://bluemoonmetals.com
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Blue Moon Metals is a pre-revenue junior miner developing five brownfield polymetallic critical-metals projects in Norway and the United States, targeting copper, zinc, tungsten, germanium, and gallium production for defense, semiconductor, and clean-energy customers.
- Ownership category
- akta.pro rank
Blue Moon Metals industry classification
Industry- Product category
- Critical Minerals Mining
- NAICS
- Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (21229)
- SIC
- Metal Mining (1000), Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
- akta.pro secondary industry
- Silver Mining (IMAKAEAB)
Keywords
Where Blue Moon Metals is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices6 records
Markets served
Blue Moon Metals business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Others
Revenue model
- Mineral Product Sales: Pre-revenue development stage. Will generate revenue from selling extracted and processed minerals including copper, zinc, gold, silver, tungsten, molybdenum, germanium, and gallium. Nussir project targets Q3 2027 production with 13-year mine life averaging 19,000 tonnes copper equivalent annually.
- Royalty Obligations: Company pays royalties on production including 0.5% NSR to Teck on Apex property, 3.0-5.0% gross revenue royalty on WO Claims (buy-down option to 1.5% for $2M), and 2% NSR on Gage Project to Liberty Gold.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Blue Moon Metals product offering
Product offeringCore offering
Blue Moon Metals is a junior mining company that acquires, explores, and develops polymetallic critical metals projects. Its portfolio includes the Nussir Copper-Gold-Silver Project in Norway (an EU strategic project), the Blue Moon Polymetallic Deposit in California, the Springer Tungsten Mine in Nevada, and the Apex Germanium and Gallium Mine in Utah, targeting metals critical to defense, clean energy, and semiconductor supply chains.
Product overview
Blue Moon Metals is a junior explorer transitioning to a financed brownfield critical-metals development platform operating five brownfield polymetallic projects across Norway and the United States. The portfolio includes the Nussir copper-gold-silver project in Norway (EU Critical Raw Materials Act strategic project targeting Q3 2027 production), the Blue Moon polymetallic deposit in California, the NSG copper-zinc VMS project in Norway, the Springer tungsten mine and processing plant in Nevada (targeting Q4 2027 restart), and the Apex germanium-gallium mine in Utah acquired from Teck Resources. The company also acquired the Gage Project in Utah to consolidate its critical metals belt. Metals of focus include copper, zinc, gold, silver, tungsten, molybdenum, germanium, and gallium.
Differentiator
Problem solved
Functional benefit
Products and services
- Nussir Copper-Gold-Silver Project
Quantifiable outcome
- 13-year mine life at Nussir with $77M annual free cash flow at consensus pricing, $125M at spot
- +4 more outcomes
Companies that use Blue Moon Metals
Customer profileSegments5 records
Ideal customer profiles2 records
Blue Moon Metals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Blue Moon Metals partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, minor and strategic.
- MOMEK Services AScoreAwarded EPC contract for civil, structural, mechanical, and piping scope of Nussir copper-silver-gold processing plant in Norway, advancing project toward full-scale construction.
- GoldPlay LLC and Robert SchaferminorAcquisition of nine unpatented mining claims (WO Claims) adjacent to Springer Mine for 188,199 shares, $1M cash, and 3.0-5.0% gross revenue royalty (buy-down option to 1.5% for $2M within three years). Claims cover historically identified tungsten veins including Stank, O'Byrne, and Sutton deposits.
- Alpha Future Funds S.C.S.strategicNon-binding LOI to combine wholly-owned subsidiaries Nye Sulitjelma Gruver AS and VMS Explorations AS to create integrated development opportunity in historic Sulitjelma mining district (produced 470kt copper and 120koz gold over 100 years). Four-month due diligence period.
- Liberty Gold USAminorAcquisition of Gage Project in Utah (181 mining claims, 5,916 hectares) for shares and 2.0% NSR royalty. Project located along 5+km critical metals belt containing breccia pipes similar to Apex Mine.
- Teck Resources Limited (Teck American Incorporated)coreAcquisition of Apex Mine in Utah for 7,031,959 shares (8% ownership), 0.5% NSR royalty, and life-of-mine zinc concentrate offtake agreement. Creates integrated North American critical mineral supply chain combining Blue Moon's California mine, Nevada processing, and Teck's Trail Operations in Canada for smelting. Teck granted investor rights including equity participation, top-up rights, and information rights.
- Outside The Box Capital Inc.minorSix-month marketing services contract at US$200,000 upfront payment for investor awareness and market promotion.
- Leonhard Nilsen & Sønner AS (LNS)coreMining contractor for Nussir project with third subscription of C$1.2M following C$4.2M subscription in December 2024 and C$1.13M in May 2025. Total LNS investment of C$5.33M demonstrating contractor alignment with project success.
- GOODS LG LLCcoreSeller of Springer tungsten mine and processing plant for $18.5M total consideration ($500K deposit plus $18M cash). Transaction completed February 2026.
- Worley Europe LimitedminorConducted Nussir feasibility study confirming 13-year mine life and strong economics.
Scale indicators20 records
Recent moves1 record
Expansion highlights6 records
Blue Moon Metals competitors and assessment
Company assessmentDirect peers
- Almonty Industries: Tungsten-focused developer and producer advancing the Sangdong mine in South Korea and other tungsten assets. Most direct comparable to Blue Moon's Springer tungsten operations and to its strategic positioning in the western tungsten supply gap.
- NGEX Minerals: Copper-gold exploration and development company advancing the Los Helados project in Chile and Argentina. Comparable stage and asset focus to Blue Moon's Nussir and NSG copper-gold-silver projects in Norway.
- Filo Corp: Copper developer advancing the Filo del Sol and Josemaria copper-gold-silver projects in South America. Comparable junior developer profile targeting first copper production, similar to Blue Moon's pre-production polymetallic status.
- Western Copper and Gold: Developer of the Casino copper-gold-molybdenum project in Yukon, Canada. Comparable junior developer with polymetallic (copper, gold, silver, molybdenum) exposure and similar mine-life economics.
Broad incumbents
- Hudbay Minerals: Established copper-zinc-gold producer with operations across the Americas. Comparable polymetallic mining portfolio (especially copper-zinc) and represents the kind of mid-tier operator Blue Moon aspires to become once Nussir/Springer reach production.
- Taseko Mines: Copper-focused mid-tier producer with the Gibraltar mine in BC and Florence Copper project in development. Comparable copper-focused development pipeline and polymetallic (Cu-Mo-Au) production profile.
- MP Materials: Largest western rare earth producer with the Mountain Pass mine in California. Comparable critical-minerals-on-U.S.-soil narrative and recently listed on NYSE; relevant broader-market comp for the western critical-minerals equity story.
Emerging players
- Trilogy Metals: Critical minerals junior developing the Upper Kobuk Mineral Projects in Alaska (copper, zinc, silver, germanium, gallium, cobalt) with strategic backing. Direct comparable to Blue Moon's polymetallic critical minerals strategy, particularly germanium/gallium.
- Perpetua Resources: Developer of the Stibnite gold-antimony project in Idaho with Defense Production Act funding. Comparable critical-minerals-plus-government-priority thesis and U.S.-based junior developer profile.
- Solaris Resources: Copper developer advancing the Warintza project in Ecuador. Comparable junior developer profile with copper-gold-molybdenum exposure and pre-production, single-asset focus similar to Blue Moon's Nussir anchor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Blue Moon Metals social profiles
Digital presenceBlue Moon Metals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blue Moon Metals leadership team
Management profileNumber of profiles
Profiles13 records
Blue Moon Metals subsidiaries and ownership
Company hierarchySubsidiaries2 records
Blue Moon Metals funding detail
Funding detailFunding overview
Funding rounds8 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blue Moon Metals M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blue Moon Metals
What does Blue Moon Metals do?
Blue Moon Metals is a junior mining company that acquires, explores, and develops polymetallic critical metals projects. Its portfolio includes the Nussir Copper-Gold-Silver Project in Norway (an EU strategic project), the Blue Moon Polymetallic Deposit in California, the Springer Tungsten Mine in Nevada, and the Apex Germanium and Gallium Mine in Utah, targeting metals critical to defense, clean energy, and semiconductor supply chains.
Is Blue Moon Metals a public or private company?
Blue Moon Metals is a public company. It is classified as public and is currently operating.
When was Blue Moon Metals founded?
Blue Moon Metals was founded in 2007. It employs 51 to 100 people.
Where is Blue Moon Metals based?
Blue Moon Metals is headquartered in Toronto, Canada, in the North America region.
How does Blue Moon Metals make money?
Two revenue lines are on record. Mineral Product Sales are the primary driver. The others are royalty Obligations.
Who are Blue Moon Metals's main competitors?
Direct peers on record are Almonty Industries, NGEX Minerals, Filo Corp and Western Copper and Gold. Broad incumbents are Hudbay Minerals, Taseko Mines and MP Materials. Emerging players are Trilogy Metals, Perpetua Resources and Solaris Resources.
Does Blue Moon Metals have an API?
No public API is recorded for Blue Moon Metals.
What industry is Blue Moon Metals in?
Blue Moon Metals's product category is Critical Minerals Mining. Its primary akta.pro industry code is IMAKAFAL, Exploration & Resource Development (Critical Minerals), with a secondary code of IMAKAEAB, Silver Mining. Its NAICS code is 212230 and its SIC code is 1000.