Blue Moon Metals Acquires Nevada Claims with 188,199 Shares, $1M Cash and Sliding-Scale Royalty
Blue Moon Metals will acquire nine mineral claims near its Springer Mine in Nevada for 188,199 shares, US$1 million cash and a sliding-scale gross revenue royalty plus a US$2 million buy-down option. The deal consolidates high-grade tungsten in Stank, O’Byrne and Sutton veins and secures district control pending TSXV approval.
1. Acquisition Agreement
Blue Moon Metals has entered into an agreement to acquire nine mineral claims adjacent to its Springer Mine in Pershing County, Nevada. Consideration includes 188,199 common shares, US$1 million cash and a sliding-scale gross revenue royalty on production from the acquired claims.
2. Claim Details and Geology
The claims cover portions of historically identified tungsten-bearing veins including Stank, O’Byrne and Sutton deposits, which have returned high-grade results such as 1.0m at 3.95% WO3. Mineralization at the Springer Mine is associated with skarn formation from the Springer Stock intrusion, hosting scheelite, pyrite, chalcopyrite and molybdenite.
3. Transaction Terms and Timeline
Blue Moon can buy down the royalty to 1.5% within three years for US$2.0 million. Completion is subject to TSXV approval, with closing expected by early May and no finders’ fees payable on the transaction.