Blue Moon Closes Apex Mine Deal, Issues 7.03M Shares and Grants 0.5%/3.0% NSR
Blue Moon Metals closed its acquisition of the Apex germanium-gallium mine from Teck, issuing 7,031,959 shares (8.0% undiluted stake) and securing TSX Venture approval. It covers 24 patented and nine unpatented claims, a 0.5% NSR royalty to Teck, assumes a 3.0% NSR, and secures a zinc off-take on prevailing benchmarks.
1. Deal Completion
Blue Moon Metals closed its acquisition of the Apex mine from Teck on March 16, 2026, following TSX Venture Exchange approval. Blue Moon issued 7,031,959 common shares to Teck, representing an 8.0% undiluted stake in the company.
2. Mine Claims
The Apex germanium-gallium mine comprises 24 patented claims and nine unpatented claims, correcting the previously stated 26 patented claim count.
3. Royalty and Off-take Terms
Blue Moon granted Teck a 0.5% net smelter return royalty and assumed an existing 3.0% NSR royalty obligation. The companies established a zinc off-take agreement for the life of the mine with payabilities and treatment charges set at prevailing industry benchmarks.
4. Investor Rights and Strategic Role
An investor rights agreement gives Teck equity participation, top-up, and information rights, strengthening its partnership. The acquisition expands Blue Moon’s polymetallic portfolio alongside existing projects in the U.S. and Norway.