Blue Moon Metals Acquires 5,916ha Gage Project, Issues 420,935 Shares and Appoints SVP
Blue Moon Metals closed its acquisition of the Gage Project in Southern Utah, covering 5,916 hectares across 181 unpatented claims and two SITLA leases, issuing 420,935 common shares and assuming 4%–8% production royalties. The company granted a 2% NSR royalty (with option to repurchase 1% for US$2 million) and appointed Reza Ehsani as Senior Vice President, Projects.
1. Acquisition Terms and Project Details
Blue Moon Metals completed the arms-length purchase of the Gage Project from Liberty Gold USA, obtaining 181 unpatented mining claims plus two SITLA leases covering 5,916 hectares. As consideration, Blue Moon issued 420,935 common shares and assumed a sliding royalty structure: 4% for non-fissionable materials, rising to 8% for fissionable materials, along with a 2% NSR on the remaining claims, of which 1% can be repurchased for US$2 million before commercial production.
2. Executive Appointment and Strategic Impact
Reza Ehsani has been promoted to Senior Vice President, Projects after over a year leading key development initiatives at Blue Moon. With 29 years of experience across mining, metals, oil and gas, and infrastructure, Ehsani’s expertise in project execution, contract negotiation, and regulatory engagement is expected to accelerate project advancement and support the company’s transition from exploration to development.