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Blue Moon Acquires the Turner Copper-Gold VMS Deposit to Further Advance its Western U.S. Critical Mineral Hub and Spoke Model

BMM
  • Blue Moon Metals Inc. signed a definitive agreement to acquire 100% of the Turner Copper-Gold deposit in O'Brien, Oregon, from Gold Coast Mining Inc.
  • The Turner deposit is a Cyprus-type volcanic massive sulphide (VMS) asset located near the Oregon-California border with historical drilling supporting three mineralization zones.
  • Blue Moon plans to integrate Turner with its Blue Moon Mine via a new 1,800 tpd mill at the Springer complex in Nevada, utilizing rail transport for extracted material.
  • The Company targets completion of metallurgical, engineering, and transportation studies by the end of 2027 to support a Preliminary Economic Assessment (PEA).
  • Permitting for exploration drilling and underground development at Turner is expected to take 12 to 18 months, with no processing of material planned in Oregon.
  • The transaction consideration includes US$4.7 million in cash, 4,778,761 common shares valued at approximately US$27 million, plus milestone payments totaling US$7 million upon permitting and production.
  • A historical 2010 NI 43-101 Mineral Resource Estimate cites 2.447 million tons of Indicated material and 2.084 million tons of Inferred material containing copper, gold, zinc, silver, and cobalt.
  • Blue Moon's non-Independent Qualified Person has not verified the historical resource estimate, meaning it is not treated as a current Mineral Resource Estimate under NI 43-101.
  • Transaction completion is expected in November 2026, subject to TSX-V approval, with the definitive agreement executed on September 22, 2026.
  • The Company granted 50,000 stock options, 993,146 restricted share units (RSUs), and 268,586 deferred share units (DSUs) to consultants, employees, and directors respectively.