Blue Moon Metals

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.

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

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

• Critical minerals mining
• Polymetallic ore extraction
• Copper gold silver
• Tungsten mine production
• Base metals exploration

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Others

Revenue model

1. 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.
2. 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

Core 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

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core, minor and strategic.

• MOMEK Services AScoreImplementation/ SI/ Consulting Partner · 24 June 2026Awarded 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 SchaferminorStrategic or Co-development Partner · 15 May 2026Acquisition 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.strategicStrategic or Co-development Partner · 21 April 2026Non-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 USAminorStrategic or Co-development Partner · 2 April 2026Acquisition 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)coreStrategic or Co-development Partner · 16 March 2026Acquisition 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.minorGTM or Marketing Partner · 6 March 2026Six-month marketing services contract at US$200,000 upfront payment for investor awareness and market promotion.
• Leonhard Nilsen & Sønner AS (LNS)coreImplementation/ SI/ Consulting Partner · 3 March 2026Mining 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 LLCcoreStrategic or Co-development Partner · 10 February 2026Seller of Springer tungsten mine and processing plant for $18.5M total consideration ($500K deposit plus $18M cash). Transaction completed February 2026.
• Worley Europe LimitedminorImplementation/ SI/ Consulting PartnerConducted Nussir feasibility study confirming 13-year mine life and strong economics.

Scale indicators20 records

Recent moves1 record

Expansion highlights6 records

Direct 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

• Xx.com/BlueMoonMining
• LinkedInlinkedin.com/company/bluemoonmetals

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 records

Funding overview

Funding rounds8 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blue Moon Metals