Business
Blue Moon Consolidates Springer Tungsten Claims with Acquisition of Claims from GoldPlay LLC and a Private Party
TORONTO, April 28, 2026 /CNW/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that it has entered
About this update from Blue Moon Metals Inc
[{"type":"text","content":" TORONTO, April 28, 2026 /CNW/ - Blue Moon Metals Inc. (\"Blue Moon\" or the \"Company\") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that it has entered into an agreement to acquire certain claims adjacent to the Company's Springer Mine (the \"Claims\"), located in Pershing County, Nevada, USA, from GoldPlay LLC and Robert Schafer (the \"Sellers\") for consideration of 188,199 common shares of Blue Moon, US$1 million cash and a sliding scale gross revenue royalty (\"GRR\") on the concessions (the \"Acquisition\").Christian Kargl-Simard, CEO of Blue Moon states, \"Following the acquisition of the Springer Mine and Processing Plant that closed on February 10, 2026 (see press releases from October 14, 2025 and February 10, 2026), this Acquisition bolsters our land position and strategically consolidates claims around the mine. The Company controls the district of the historical claims around the Springer Tungsten deposit.\"The ClaimsThe Claims consist of nine unpatented mineral claims. The Claims cover a portion of some historically identified veins including the Stank deposit, the O'Byrne deposits and a portion of the Sutton deposit, and have seen high-grade tungsten trioxide drill results such as 1.0m @ 3.95% WO3 in SU-43.Springer GeologyAt the Springer Mine, skarn formation and the tungsten mineralization is associated with the emplacement of the Springer Stock and the nearby Stocks. Tungsten bearing calc-silicate assemblages have been formed by contact metasomatism following the intrusion of the Springer Stock. The early stage of skarn formation is characterized by very high temperatures. During that stage tungsten (scheelite), pyrite, chalcopyrite and molybdenite are emplaced proximal to the stock.Transaction TermsBlue Moon is acquiring 100% of the Claims free and clear of all other encumbrances for the following consideration:the issuance by Blue Moon to the Sellers of 188,199 common shares of Blue Moon; andUS$1 million in cash; anda sliding scale GRR, payable on mineral production on the Claims, and subject to an option in favour of Blue Moon to buy down the GRR to 1.5% for a period of 3 years for a cash payment of US$2.0 million.Key condition precedent to completion of the Acquisition is TSXV approval. A purchase and sale agreement has been executed by the parties on April 27, 2026, and completion is expected to...