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Blue Moon Metals and Alpha Future Funds S.C.S. Announce Non-Binding Agreement to Combine Holdings in the Sulitjelma Mining District, Norway

BMM
  • Blue Moon Metals Inc. & Alpha Future Funds S.C.S. announced a non-binding letter of intent dated April 2, 2026, to combine their subsidiaries Nye Sulitjelma Gruver AS (NSG) & VMS Explorations AS into a single entity.
  • The combined entities hold extraction & exploration permits over the historic Sulitjelma mining district in Norway's Fauske municipality.
  • The Sulitjelma mine previously produced over 470 kt of copper & 120 koz of gold over a 100-year lifespan ending in 1991.
  • Existing surface & underground infrastructure at the site is ready for refurbishment & includes connections to abundant clean hydropower.
  • A 2025 exploration campaign by VMS identified two new copper-gold discoveries & 18 additional drill targets based on a district-scale AEM survey.
  • The proposed combination aims to enable integrated development, prioritize high-grade zones, & centralize haulage & processing to improve project economics.
  • The LOI outlines a four-month period to complete due diligence & negotiate a definitive agreement to restart the mining district.
  • Blue Moon Metals currently advances five brownfield polymetallic projects across Norway & the United States, with major shareholders including Teck Resources Limited & Oaktree Capital Management.
  • Alpha Future Funds is a Luxembourg-based investment vehicle focused on critical raw materials, mining projects, & emerging technologies across Europe, North America, Australia, & Argentina.
  • Technical information was reviewed by Shawn Crispin, an independent Qualified Person under NI 43-101 standards.