Business
Blue Moon Metals Responds to Dissidents
VANCOUVER, British Columbia, May 04, 2023 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (TSXV: MOON; OTCQB: BMOOF) (the “Company”) wishes to update its shareholders
About this update from Blue Moon Metals Inc
[{"type":"text","content":" VANCOUVER, British Columbia, May 04, 2023 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (TSXV: MOON; OTCQB: BMOOF) (the “Company”) wishes to update its shareholders on current plans for Blue Moon and to address the McClintock Group’s press release dated April 27, 2023. The current team has a plan for Blue Moon shareholders, including adding a proven technical team member, seeking new and alternative financing initiatives, advancing the Company’s current project and identifying acquisitions that add value. There are no agreements or plans to sell the Blue Moon Project, as incorrectly implied in the McClintock Group letter. After almost 15 years of John McClintock’s involvement with Blue Moon, shareholders should be looking to the current team for a new direction, and not the McClintock Group. After resigning once in 2015 and again in 2023, John McClintock has had his chance. The bottom line is John McClintock has led Blue Moon for 14.5 of the last 16 years without success. He resigned as director and CEO abruptly in 2015, and resigned again in February 2023. If Blue Moon shareholders want a different plan than the last 16 years, they should be looking to the current team. If shareholders want the same approach as the last 16 years, then they should support John McClintock and the McClintock Group. Blue Moon Welcomes Technical Advisor The Company welcomes Tom Henricksen as its key technical advisor. Mr. Henricksen is a geologist and the recipient of the Colin Spence Award by the AME for Excellence in Global Mineral Exploration in 2018 for his role in the discovery of the Hod Maden VMS/epithermal deposit in Turkey. The Company is excited about the opportunity to work with Tom considering his recent success of Hod Maden which was acquired by Sandstorm Gold in 2017 for approximately US$175 million. New Financing Initiatives 2022 was a tough year for the junior mining sector and this included Blue Moon. This was coupled with a longer than expected reclamation work plan on the Blue Moon project following the 2021 drill program which took the better part of 2022 to complete. For the financing plan, the Company’s management have been active in identifying potential strategic investors while also reviewing the Department of Energy’s funding in the United States for the advancement of domestic critical metals. These funding opport...