Direct from the Precious Metals Summit in Zurich: Christian Kargl-Simard, CEO of Blue Moon Metals (TSX-V: MOON | NASDAQ: BMM), on the sale of the company’s Norwegian assets and its new focus on critical metals in the USA.
Blue Moon is selling Blue Moon Norway, including the Nussir copper project, to ACG Metals for US$220 million in ACG shares. That makes Blue Moon ACG’s largest shareholder at around 28%, while it focuses on putting two U.S. mines into production next year: the Springer tungsten mine and mill in Nevada and the Apex germanium mine in Utah.
Also covered:
▪️ Why the deal crystallises value and lowers the cost of capital for Nussir
▪️ Springer: six drill rigs, mill refurbishment, the APT joint venture with Elmet
▪️ Apex: direct shipping ore, germanium at US$17,000 per kilo
▪️ US$75 million in cash plus a US$50 million prepay from Elmet
▪️ Franklin Templeton and other key shareholders
▪️ U.S. government support for critical metals after the midterms
More info: www.bluemoonmetals.com
Disclaimer: This video is for informational purposes only and does not constitute investment advice.
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