Blue Moon Metals to Acquire Utah Gage Project for 420,935 Shares and 2% NSR
Blue Moon Metals will acquire the Gage Project in southern Utah from Liberty Gold for 420,935 common shares and a 2.0% NSR royalty, with an option to repurchase half the NSR for US$2 million. The 5,916-hectare package surrounds the Apex Mine and includes 181 BLM claims and two SITLA leases.
1. Acquisition Agreement
Blue Moon Metals entered into a binding agreement dated March 18, 2026, to acquire 100% of the Gage Project from a Liberty Gold subsidiary in exchange for 420,935 common shares and a 2.0% net smelter return royalty on mineral concessions outside SITLA leases, with an option to repurchase 1.0% NSR for US$2 million before commercial production.
2. Gage Project Assets
The Gage Project comprises 181 unpatented mining claims on Bureau of Land Management lands and two Utah School and Institutional Trust Lands Administration leases covering 5,916 hectares in Washington County. The claims encircle Blue Moon’s recently acquired Apex Mine and lie along a north-west trending critical metals belt exceeding five kilometers.
3. Strategic Rationale
This acquisition bolsters Blue Moon’s land position in what management considers North America’s most important germanium-gallium district, consolidating control around the only historic primary germanium-gallium mine in the western world and providing targets across ten breccia pipes and over 20 critical minerals prospects.
4. Next Steps
Completion of the acquisition is subject to TSXV approval, with closing expected by the end of March 2026. Blue Moon plans to initiate alteration mapping, regional geophysical surveys and drill-testing at depth to unlock the district’s exploration potential.