Blue Moon Secures C$4.8M from Hartree via 526,617-Share Issuance
Blue Moon issued 526,617 common shares to Hartree Partners, raising C$4.8M in gross proceeds under a follow-on financing. Funds are earmarked for development of its five brownfield polymetallic projects and general corporate purposes, pending final TSXV approval.
1. Financing Details
Blue Moon Metals issued 526,617 common shares to Hartree Partners, LP, raising C$4.8 million in gross proceeds under a follow-on financing. The issuance is subject to final TSX Venture Exchange approval and carries a statutory four-month and one-day hold period.
2. Use of Proceeds
Proceeds are earmarked for advancing development activities at the company’s five brownfield polymetallic projects and for general corporate purposes, enhancing exploration and infrastructure work across its asset portfolio.
3. Project Portfolio
The company’s projects include the Nussir copper-gold-silver and NSG copper-zinc-gold-silver sites in Norway, the Blue Moon zinc-gold-silver-copper project in the U.S., the Springer tungsten-molybdenum project in the U.S. and the Apex germanium-gallium-copper project in the U.S., all located near existing infrastructure.
4. Strategic Partnerships
Hartree Partners joins a list of major shareholders that includes Teck Resources, Oaktree Capital funds, Wheaton Precious Metals, Altius Minerals, Baker Steel Resources Trust, LNS and Monial, underscoring industry support for the company’s critical minerals focus.