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Blue Moon Metals Secures up to US$140 Million Project Finance Package from Hartree/Oaktree to Advance Flagship Nussir Project in Norway
TORONTO, Ontario, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (" Blue Moon " or t...
About this update from Blue Moon Metals Inc
[{"type":"text","content":"Blue Moon Metals Secures up to US$140 Million Project Finance Package from Hartree/Oaktree to Advance Flagship Nussir Project in Norway\n\n\n\n TORONTO, Ontario, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (\"\n \n Blue Moon\n \n \" or the \"\n \n Company\n \n \") (\n \n TSXV: MOON\n \n ;\n \n OTCQX: BMOOF\n \n ), is pleased to announce that it has entered into a memorandum of understanding with Hartree Partners, LP (\"\n \n Hartree\n \n \") and funds managed by Oaktree Capital Management, L.P. (\"\n \n Oaktree\n \n \", together with Hartree, the \"\n \n Lenders\n \n \", and each a \"\n \n Lender\n \n \") which consists of a previously agreed to bridge loan (the \"\n \n Bridge Loan\n \n \") with Nussir ASA, a 93.55% owned subsidiary of the Company, as borrower, and Keystone Mines Inc., Blue Moon Norway AS and Repparfjord Eiendom AS, each a wholly owned subsidiary of the Company, as guarantors, as well as terms related a project financing package (the \"\n \n Project Finance Package\n \n \" and together with the Bridge Loan, the \"\n \n Investment Package\n \n \") which subject to various milestones, can provide for up to\n \n US$140 million\n \n of support for the continued development and construction of the Company's flagship, fully permitted Nussir Copper Project (\"\n \n Nussir\n \n \" or the \"\n \n Project\n \n \"), located in Norway. The Project Finance Package terms include a US$50 million senior secured term loan (the \"\n \n Senior Secured Term Loan\n \n \"), a US$70 million precious metals stream (the \"\n \n Redeemable Precious Metals Stream Agreement\n \n \"), and an equity investment of up to US$20 million (subject to a 19.9% Oaktree / Hartree combined ownership limitation). The Project Finance Package is subject to customary approvals, diligence and closing conditions.\n \n\n The definitive Bridge Loan agreement has been signed. It is expected that the funds will be available for drawdown shortly thereafter, upon the finalization of customary post-closing security arrangements. Additionally, a subscription agreement for US$5 million has been signed and the corresponding equity issuance is expected to close on or about August 25, 2025. The Bridge Loan and equity investment will be subject to the approval of the TSX Venture Exchange (the \"\n \n TSXV\n \n \").\n \n\n\n Highlights of t...