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Blue Moon Metals and Alpha Future Funds Announce Non-Binding Agreement to Combine Holdings in the Sulitjelma Mining District, Norway
TORONTO, April 21, 2026 /CNW/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) and Alpha Future Funds S.C.S. ("AFF") are
About this update from Blue Moon Metals Inc
[{"type":"text","content":" TORONTO, April 21, 2026 /CNW/ - Blue Moon Metals Inc. (\"Blue Moon\" or the \"Company\") (TSXV: MOON) (NASDAQ: BMM) and Alpha Future Funds S.C.S. (\"AFF\") are pleased to announce that they have entered into a non-binding letter of intent (\"LOI\") on April 2, 2026, to combine their wholly-owned subsidiaries, Nye Sulitjelma Gruver AS (\"NSG\") and VMS Explorations AS (\"VMS\") into a single entity. AFF is a private fund based in Luxembourg investing in innovative technologies and mining projects. NSG and VMS hold extraction and exploration permits over the historic Sulitjelma mining district in the Fauske municipality of Norway. The Sulitjelma mine produced over 470 kt copper and 120 koz gold over a 100 year life until 1991 and benefits from excellent existing surface and underground infrastructure ready to be refurbished, including connection to abundant clean hydropower. A 2025 exploration campaign undertaken by VMS also made two new copper-gold discoveries and identified a further 18 drill targets based on a district scale AEM survey. Combining NSG and VMS is expected to allow for an integrated development opportunity prioritizing mining of targeted high-grade zones and centralized haulage and processing to strengthening project economics and streamline advancement toward production. The LOI contemplates up to a four-month period to complete due diligence and negotiate a definitive agreement. Blue Moon and AFF are committed to restart the historic Sulitjelma mining district and re-establish Norway as a hub for metals and mining in Europe. QUALIFIED PERSONS The technical and scientific information of this news release has been reviewed and approved by Mr. Shawn Crispin, an employee of Orefinder Mining Consultants LLC FZ, and an independent Qualified Person as defined by NI 43-101. This news release references the combined NSG and VMS holdings of the Sultijelma Project. About Blue Moon 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 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 5 projects are well located with existing local infrastructure including ...