Business
Blue Moon Announces Follow on Investment of C$1.2M from Mining Contractor
Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that Leonhard Nilsen & Sønner AS ("LNS"), the Company's mining contractor at the Nussir copper-gold-silver project in Norway, has subscribed to 168,514 common shares in the Company, at a share price of $7.208 (the "Financing").
About this update from Blue Moon Metals Inc
[{"type":"text","content":"TORONTO, March 3, 2026 /CNW/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that Leonhard Nilsen & Sønner AS ("LNS"), the Company's mining contractor at the Nussir copper-gold-silver project in Norway, has subscribed to 168,514 common shares in the Company, at a share price of $7.208 (the "Financing").","length":414,"tagName":"p"},{"type":"image","alt":"Blue Moon Announces Follow on Investment of C$1.2M from Mining Contractor (CNW Group/Blue Moon Metals)","displaySize":"","headline":null,"caption":"Blue Moon Announces Follow on Investment of C$1.2M from Mining Contractor (CNW Group/Blue Moon Metals)","className":"","disableSlideshowImg":false,"size":{"original":{"width":155,"height":200,"url":"https://media.zenfs.com/en/cnwgroup.com/03cbff8d23558a0efd99b07c6563a128"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/zMo0stoMP3KYdj_lqEYZRQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTI3MTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/03cbff8d23558a0efd99b07c6563a128","width":155,"height":200}},"href":"https://mma.prnewswire.com/media/2924888/Blue_Moon_Metals_Blue_Moon_Announces_Follow_on_Investment_of_C_1.pdf?p=original","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"This investment is in addition to LNS' initial C$4.2 million subscription that closed on December 19, 2024 and the C$1.13 million subscription that closed on May 8, 2025, which was triggered by the start of LNS underground mobilization at the Nussir project.","length":262,"tagName":"p"},{"type":"text","content":"The Financing is subject to approval by the TSX Venture Exchange ("TSXV") and is expected to close on or about Mar 17, 2026. No finder's fees were paid in connection with the Financing, and the Common Shares issued pursuant to the Financing will be subject to a statutory 4-month and one day hold period from the date of issuance. The proceeds from the Financing are expected to be used for underground development at the Project.","length":444,"tagName":"p"},{"type":"text","content":"About Blue Moon","length":15,"tagName":"p"},{"type":"text","content":"Blue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the...