Tuesday, 02 January 2024 12:17 GMT

Blue Moon Metals Inc.


(MENAFN- Baystreet) 09:35 AM EST - Blue Moon Metals Inc.: Blue Moon Metals Inc. along with The Elmet Group Co. (NASDAQ: ELMT), and EQ Resources Limited (ASX: EQR), announced signing a binding letter agreement dated September 11, 2026 regarding a series of strategic transactions intended to unlock the value of Blue Moon's Springer Tungsten Complex, located in Imlay, Nevada. Springer historically was one of the largest tungsten mines in the United States, and consisting of open pit and underground mines, a 1,200 Tpd mill and an Ammonium Paratungstate ("APT") plant capable of potentially producing up to 4,000 Tpa. The facility is permitted for construction and received approval of its bonding requirements from the State of Nevada to start construction and redevelopment of the mine on August 20, 2026. Blue Moon Metals Inc. shares N are trading down 2 cents at $7.59.

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