Blue Moon Metals Inc · TSXV:MOON
Blue Moon Metals — Investor Presentation (November 2026)
23 slides from Blue Moon Metals's investor presentation, November 2026
Slide 1: Advancing Brownfield Critical Metals Projects in the USA into Production
TSXV: MOON | NASDAQ: BMM Advancing Brownfield Critical Metals Projects in the USA into Production Divestment of Blue Moon Norway November 2026 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation (together with any accompanying oral or written communications, this All of the forward-looking information in this presentation is qualified by the cautionary statements "Presentation") prepared by Blue Moon is confidential and is being provided to you s
Slide 3: Transaction Overview
Transaction Overview TSXV: MOON | NASDAQ: BMM
Slide 4: Divestment of Blue Moon Norway
Divestment of Blue Moon Norway Norway Divestment Crystallizes Value, Retains Upside and Refocuses Blue Moon on U.S. Growth Crystallizes Value: The transaction crystalizes value at an attractive valuation for Blue Moon Norway, while preserving ✓ ongoing participation for Blue Moon shareholders Ongoin
Slide 5: Transaction Structure and Pro Forma Ownership
Transaction Structure and Pro Forma Ownership Transaction Structure PF Ownership of ACG Basic Fully Diluted1 ACG Metals US$220M Blue Moon Metals Buyer | LON: ACG Paid in 8.9M new ACG shares Seller | TSXV: MOON 21.8% 27.6% Acquires 100% Sells 100% 32.1M 40.5M shares shares 72.4% Blue Moon Norway AS 7
Slide 6: Compelling Combination
Compelling Combination Young, long-life assets in Tier-1 jurisdictions, only now starting production ACG Share Price Performance Last Twelve Months Gediktepe (100%) £25.00 Nussir ASA (94.52%) £20.00 Oxide Sulphide Nussir Ulveryggen Operating In Ramp-up In construction Near-mine development £15.00 Pr
Slide 7: Transaction Overview
Transaction Overview Sale of 100% of Blue Moon Norway for US$220M in ACG Shares Proposed • Sale of Blue Moon Norway: 94.52% of Nussir ASA (Nussir and Ulveryggen) and 100% of NSG1 Transaction • US$220M in new ACG shares; Blue Moon will receive 8.85M ACG Shares at an implied value of £18.70 per share
Slide 8: Overview of Blue Moon
Overview of Blue Moon TSXV: MOON | NASDAQ: BMM
Slide 9: A New Critical Metals Miner in the Making
A New Critical Metals Miner in the Making U.S. Assets (Western U.S.) Tier 1 Jurisdictions – USA is focused on Permits in Hand – All 4 U.S. projects are Direct Exposure Through Blue Moon ✓ critical metals mining. Springer to become a central processing hub for critical metals ores in ✓ largely permit
Slide 10: Fastest Growing Critical Metals Miner Globally
Fastest Growing Critical Metals Miner Globally 2026 2027 2028 2029 2030 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Est. CuEq Annual Production (tpa)(2,3) Apex UT 10,000 Production Start (DSO) Springer 14,000 Tungsten NV & APT JV Production Start APT JV Start Blue Moon + 13,000 CA Tu
Slide 11: Management and Board
Management and Board CHRISTIAN KARGL-SIMARD, P. ENG. SKOTT MEALER REZA EHSANI KATY GRANT CEO & Director President & COO SVP Projects SVP Human Resources & Founder and CEO of Adventus Mining which was +20 years of experience in project development Corporate Sustainability +29 years of experience acro
Slide 12: Capital Structure & Shareholders
Capital Structure & Shareholders Wheaton, 2% Altius, 1% CAPITAL STRUCTURE (US$M)1 ~113.3M S/O WG, 3% LNS, 3% BM-Mgt, 4% Elmet, 3% MARKET CAPITALIZATION (AS OF OCTOBER 30, 2026; C$5.23/SH) $424 Oaktree, 3% Gold Coast, 4% CURRENT CASH2 $75 Hartree, 5% EQUITIES3 $184 Institutional / Family Teck, 6% Off
Slide 13: Springer Overview
Springer Overview Description of Springer Sutton Bed I & II Resource Summary (Historical NI 43-101 Resources as of August 20, 2012)1 • 100% Blue Moon Metals located on private and public land Ownership W • +US$500M replacement value Tons2 WO3 (%) • Located in Pershing County, Nevada Cutoff Property
Slide 14: Springer Funding and APT JV Overview
Springer Funding and APT JV Overview Transaction Highlights Springer Restart Supported by US$150-$175M of Partner Funding • Unlocks substantial, non-dilutive funding to advance the restart of Springer tungsten production • Positions Blue Moon at the center of the dominant, U.S.- centric “mine-to-mis
Slide 15: Springer Production Upside
Springer Production Upside Throughput Upside Ore Sorting Upside Resource Upside • The Springer flotation plant was • Tungsten ores are very conducive to • With a larger resource base, mine designed for a throughput of 1,200 ore sorting technologies such as X- plans could see a step-change in tpd ray
Slide 16: Apex Overview
Apex Overview Description of APEX Ownership • 100% Blue Moon ownership on private land • Located ~23km west of St. George, Utah • 600 miles to Springer • Consists of 26 patented claims and 9 unpatented claims Property • 0.5% NSR payable to Teck Resources • Acquired the Gage property from Liberty Gol
Slide 17: Nussir Overview
Nussir Overview Description of Nussir Processing will be at the Ownership • 94.52% Blue Moon Metals brownfield Øyen industrial site and all key • Underground – long-hole open stoping Mining ▪ Recognized as an EU strategic infrastructure in place • Underground construction has been underway since May
Slide 18: Nussir Feasibility Study Results
Nussir Feasibility Study Results Copper Gold (CuEq) Silver (CuEq) FCF (Consensus, RHS) FCF (Spot, RHS) Attractiveness of Nussir • All-in sustaining cost cashflow margin of 30 29.1 30.8 288 300 43%, with average annual FCF of 22.8 US$77m at consensus and US$125m at 23.5 24.2 24.2 23.0 226 244 spot pr
Slide 19: Nussir Orebody Potential to be Expanded Significantly
Nussir Orebody Potential to be Expanded Significantly 10 km along strike 0m Depth Extent to Drill Hole NUS-DD-14-001: ~1.1 km 200m Current 600m decline location NUS-DD-14-004 (~280m depth) NUS-DD-14-003C 9.9 m – 0.5%, 0.6% NUS-DD-14-005 3.4 m – 3.1%, 3.2% NUS-DD-14-002 1,100m 9.6 m – 0.9%, 1.12% 3.8
Slide 20: Blue Moon Overview
Blue Moon Overview Description of Blue Moon Ownership • 100% Blue Moon Metals • Located in Mariposa County, California Property • Only a US$500k capped third party royalty • Underground; long hole stoping Mining • Ore to be upgraded with ore sorting and shipped to Springer mill by rail • Conventiona
Slide 21: Turner Overview
Turner Overview Description of Turner Transaction Terms Summary: Ownership • 100% Blue Moon (pending) • $4.7 million in cash • Located in O’Brien, Oregon, proximate to California border • ~40 miles SW of Grants Pass, close to Interstate 5 and railhead • $27.0 million in equity, payable in 4 equal tr
Slide 22: Blue Moon Next Steps
Blue Moon Next Steps Advance New Company from Construction to Production • Continued restart construction at the Springer, Nussir and Blue Moon mines • Build out exploration and development teams led by a core team. ~40,000 m of drilling expected in 2026 • Prepare for next stages of development on a
Slide 23: Company Contact
Company Contact Christian Kargl-Simard CEO & Director Phone | +1 (416)-230-3440 christian@bluemoonmetals.com TSXV: MOON | NASDAQ: BMM
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