Business
Blue Moon Closes the Purchase of the Apex Germanium and Gallium Mine from Teck
Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that we have closed the acquisition of the Apex Mine (the "Property") from Teck American Incorporated, a subsidiary of Teck Resources Limited ("Teck") (the "Transaction"). The Transaction was previously announced on February 27, 2026. Teck has been issued 7,031,959 common shares of Blue Moon representing 8.0% of Blue Moon's issued and outstanding common shares on an undiluted basis. Blue Moon h
About this update from Teck Resources Limited Class A
[{"type":"text","content":"TORONTO, March 16, 2026 /CNW/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM) is pleased to announce that we have closed the acquisition of the Apex Mine (the "Property") from Teck American Incorporated, a subsidiary of Teck Resources Limited ("Teck") (the "Transaction"). The Transaction was previously announced on February 27, 2026. Teck has been issued 7,031,959 common shares of Blue Moon representing 8.0% of Blue Moon's issued and outstanding common shares on an undiluted basis. Blue Moon has received TSX-V approval for the Transaction.","length":633,"tagName":"p"},{"type":"image","alt":"Blue Moon Closes the Purchase of the Apex Germanium and Gallium Mine from Teck (CNW Group/Blue Moon Metals)","displaySize":"","headline":null,"caption":"Blue Moon Closes the Purchase of the Apex Germanium and Gallium Mine from Teck (CNW Group/Blue Moon Metals)","className":"","disableSlideshowImg":false,"size":{"original":{"width":155,"height":200,"url":"https://media.zenfs.com/en/cnwgroup.com/d400dd1812c4a487294faf312942c9b8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lFrBcal4C.aAr8zYrJr7Tw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTI3MTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/d400dd1812c4a487294faf312942c9b8","width":155,"height":200}},"href":"https://mma.prnewswire.com/media/2933835/Blue_Moon_Metals_Blue_Moon_Closes_the_Purchase_of_the_Apex_Germa.pdf?p=original","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In connection with the closing of the Transaction, Blue Moon wishes to highlight the following:","length":95,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The Transaction is at arms' length between Teck and the Company and no finders fees are being paid on the Transaction.","length":122,"tagName":"p"}]},{"val":[{"type":"text","content":"The Apex mine consists of 24 patented claims (rather than 26 indicated in the February 27, 2026 press release), and 9 unpatented claims.","length":136,"tagName":"p"}]},{"val":[{"type":"text","content":"As part of the Transaction, Blue Moon is granting a 0.5% net smelter returns royalty in favour of Teck on the Property.","length":119,"tagName":"p"}]},{"val":[{"type":"text","content":"As part of the Transaction, Blue Moon has entered into an investor rights ...