PR Newswire·Mar 16, 2026, 6:45 AM ET

Blue Moon Closes the Purchase of the Apex Germanium and Gallium Mine from Teck

Blue Moon Metals Inc. closed the acquisition of the Apex Mine from Teck American Incorporated on March 16, 2026, following the initial announcement on February 27, 2026.
Teck received 7,031,959 common shares of Blue Moon, representing an 8.0% undiluted interest, & the transaction has received TSX-V approval.
The Apex Property consists of 24 patented claims & 9 unpatented claims, differing from the 26 patented claims previously indicated.
Blue Moon granted Teck a 0.5% net smelter returns royalty & assumed an existing 3.0% NSR royalty obligation on the property.
Blue Moon entered into an investor rights agreement with Teck covering equity participation, top-up, & information rights.
Teck secured a life-of-mine zinc off-take agreement with payabilities & treatment charges aligned with industry benchmarks.
The previous marketing agreement was replaced by an offtake agreement where Teck pays the company the market value of products minus a fixed percentage, assessed annually.
The release was reviewed by Boi Linh Doig, P.Eng., a qualified person & Blue Moon officer.