Blue Moon Metals: Norwegian Ministry of Trade, Industry and Fisheries Upholds the Extended Deadline for Start-Up of Operations Pursuant to Nussir's Operating License in Final Possible Appeal
Blue Moon Metals (TSXV: MOON) announces that the Norwegian Ministry of Trade, Industry and Fisheries has upheld the Operating License and extended deadline for the Nussir Mine operations in the final possible appeal. The license remains valid if mining activities commence by September 2027.
The company's Norwegian subsidiary has secured all primary permits for construction and operations, including operating license, extraction permit, environmental permit, and zoning plan. Secondary permits are either granted or in process. Blue Moon is reviewing the 2023 JORC feasibility study and engaging in engineering optimization.
Pre-construction activities, including underground drilling for reserve conversion and geotechnical purposes, are set to begin in 2025 with a US$30 million budget. The project is fully financed through existing cash and the Hartree standby credit facility announced in December 2024. An updated feasibility study is expected in first half of 2026.
Blue Moon Metals (TSXV: MOON) annuncia che il Ministero norvegese del Commercio, dell'Industria e della Pesca ha confermato la Licenza Operativa e ha esteso la scadenza per le operazioni della Miniera Nussir nell'ultima possibile fase di appello. La licenza rimane valida se le attività minerarie iniziano entro settembre 2027.
La controllata norvegese dell'azienda ha ottenuto tutti i permessi principali per la costruzione e le operazioni, inclusi licenza operativa, permesso di estrazione, permesso ambientale e piano di zonizzazione. I permessi secondari sono stati concessi o sono in fase di elaborazione. Blue Moon sta esaminando lo studio di fattibilità JORC 2023 e sta partecipando all'ottimizzazione ingegneristica.
Le attività pre-costruzione, comprese le perforazioni sotterranee per la conversione delle riserve e scopi geotecnici, inizieranno nel 2025 con un budget di 30 milioni di dollari USA. Il progetto è completamente finanziato attraverso il capitale esistente e la linea di credito standby Hartree annunciata nel dicembre 2024. Uno studio di fattibilità aggiornato è previsto nella prima metà del 2026.
Blue Moon Metals (TSXV: MOON) anuncia que el Ministerio de Comercio, Industria y Pesca de Noruega ha confirmado la Licencia de Operación y ha extendido la fecha límite para las operaciones de la Minera Nussir en la última apelación posible. La licencia sigue siendo válida si las actividades mineras comienzan antes de septiembre de 2027.
La subsidiaria noruega de la empresa ha asegurado todos los permisos principales para la construcción y las operaciones, incluyendo la licencia de operación, el permiso de extracción, el permiso ambiental y el plan de zonificación. Los permisos secundarios están ya concedidos o en proceso. Blue Moon está revisando el estudio de viabilidad JORC 2023 y participando en la optimización de ingeniería.
Las actividades previas a la construcción, que incluyen perforaciones subterráneas para la conversión de reservas y propósitos geotécnicos, comenzarán en 2025 con un presupuesto de 30 millones de dólares estadounidenses. El proyecto está completamente financiado a través de efectivo existente y la línea de crédito standby de Hartree anunciada en diciembre de 2024. Se espera un estudio de viabilidad actualizado en la primera mitad de 2026.
블루 문 메탈즈 (TSXV: MOON)는 노르웨이 상공부가 누시르 광산 운영 라이센스를 유지하고 최종 가능한 항소에서 마감 기한을 연장했다고 발표했습니다. 채굴 활동이 2027년 9월 이전에 시작되면 라이센스는 유효합니다.
회사의 노르웨이 자회사는 운영 라이센스, 채굴 허가, 환경 허가 및 구역 계획을 포함하여 건설 및 운영을 위한 모든 주요 허가를 확보했습니다. 보조 허가는 승인되었거나 진행 중입니다. 블루 문은 2023 JORC 타당성 조사를 검토하고 엔지니어링 최적화에 참여하고 있습니다.
건설 전 활동은 매장량 변환 및 지질 기술적 목적을 위한 지하 드릴링을 포함하여 2025년에 3000만 달러의 예산으로 시작될 예정입니다. 이 프로젝트는 기존 현금과 2024년 12월에 발표된 하트리 대기 신용 시설을 통해 완전히 자금이 조달됩니다. 업데이트된 타당성 조사는 2026년 상반기에 예상됩니다.
Blue Moon Metals (TSXV: MOON) annonce que le ministère norvégien du Commerce, de l'Industrie et de la Pêche a confirmé la licence d'exploitation et prolongé le délai pour les opérations de la mine Nussir lors du dernier appel possible. La licence reste valide si les activités minières commencent d'ici septembre 2027.
La filiale norvégienne de l'entreprise a obtenu tous les permis principaux pour la construction et les opérations, y compris la licence d'exploitation, le permis d'extraction, le permis environnemental et le plan d'urbanisme. Les permis secondaires sont soit accordés, soit en cours de traitement. Blue Moon examine l'étude de faisabilité JORC 2023 et s'engage dans l'optimisation technique.
Les activités pré-construction, y compris le forage souterrain pour la conversion des réserves et des objectifs géotechniques, devraient commencer en 2025 avec un budget de 30 millions de dollars américains. Le projet est entièrement financé par des liquidités existantes et la facilité de crédit standby de Hartree annoncée en décembre 2024. Une étude de faisabilité mise à jour est attendue dans la première moitié de 2026.
Blue Moon Metals (TSXV: MOON) gibt bekannt, dass das norwegische Ministerium für Handel, Industrie und Fischerei die Betriebsbewilligung bestätigt und die Frist für die Nussir Mine im letzten möglichen Berufungsverfahren verlängert hat. Die Lizenz bleibt gültig, wenn die Bergbauaktivitäten bis September 2027 beginnen.
Die norwegische Tochtergesellschaft des Unternehmens hat alle erforderlichen Genehmigungen für den Bau und Betrieb gesichert, einschließlich Betriebsbewilligung, Abbaugenehmigung, Umweltgenehmigung und Flächennutzungsplan. Sekundäre Genehmigungen sind entweder erteilt oder in Bearbeitung. Blue Moon überprüft die JORC-Wirtschaftlichkeitsstudie 2023 und beteiligt sich an der Ingenieuroptimierung.
Vorbereitende Bauaktivitäten, einschließlich Untergrundbohrungen zur Reservenumschichtung und geotechnischen Zwecken, sollen 2025 mit einem Budget von 30 Millionen US-Dollar beginnen. Das Projekt ist vollständig durch vorhandenes Kapital und die im Dezember 2024 angekündigte Hartree-Standby-Kreditfazilität finanziert. Eine aktualisierte Wirtschaftlichkeitsstudie wird in der ersten Hälfte von 2026 erwartet.
- All primary permits secured and upheld in final appeal
- US$30 million pre-construction program fully financed through cash and credit facility
- Operating license extended until September 2027
- Project still requires completion of secondary permits
- Construction hasn't started yet, with deadline pressure for September 2027
TORONTO, March 18, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (“Blue Moon” or the “Company”) (TSXV: MOON) is pleased to announce the Norwegian Ministry of Trade, Industry and Fisheries has upheld its Operating License and the extended deadline for start-up of operations for the Nussir Mine (the “Nussir Mine”) in the last possible appeal. This license will remain in place as long as mining activities on the Nussir Mine have commenced by September 2027. Blue Moon's Nussir subsidiary in Norway has all of its required primary permits required for construction and operations (operating license, extraction permit, environmental permit and zoning plan), with challenges to each having been exhausted in third party appeals processes. Secondary permits have either been granted or are in the application process as only required closer to operations.
Blue Moon is currently reviewing the technical aspects of the prior 2023 JORC compliant feasibility study on the Nussir Mine, and is engaging in basic engineering and optimization programs, as well as (the requested) planning for pre-construction activities which will include underground activities like drilling for additional reserve conversion and geotechnical purposes.
Pre-construction activities are expected to commence later this year with an expected budget of approximately US
Qualified Persons
Dustin Small, P. Eng., a non-Independent Qualified Person under NI 43-101, has approved the scientific and technical information related to the operations matters contained in this news release.
About Blue Moon
Blue Moon is advancing three brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway and the Blue Moon zinc-gold-silver-copper project in the United States. All three projects are well located with existing local infrastructure including roads, power and historical infrastructure. Zinc and copper are currently on the USGS and EU list of metals critical to the global economy and national security. More information is available on the Company’s website (www.bluemoonmetals.com).
For further information
Blue Moon Metals Inc.
Christian Kargl-Simard
President, CEO and Director
Phone: (416) 230 3440
Email: christian@bluemoonmetals.com
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CAUTIONARY DISCLAIMER – FORWARD LOOKING STATEMENTS
This news release includes “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian and U.S. securities laws. All statements included herein that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking information may in some cases be identified by words such as “will”, “anticipates”, “expects”, “intends” and similar expressions suggesting future events or future performance. Forward-looking statements in this press release include, but are not limited to, statements regarding: timing of the secondary permits, pre-construction activities, spend of US
We caution that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause our current objectives, strategies and intentions to change. Accordingly, we warn investors to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding our future results or plans. We cannot guarantee that any forward-looking information will materialize and you are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represents management’s current expectations and are based on information currently available to management, and are subject to change after the date of this news release. We are under no obligation (and we expressly disclaim any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.
Forward-looking information is provided herein for the purpose of giving information about the updates referred to herein. A comprehensive discussion of other risks that impact Blue Moon can also be found in its public reports and filings which are available at www.sedarplus.ca.
FAQ
When is the deadline for Blue Moon Metals (BMOOF) to start operations at the Nussir Mine?
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What permits does Blue Moon Metals (BMOOF) currently hold for the Nussir Mine project?
When will Blue Moon Metals (BMOOF) release the updated feasibility study for Nussir Mine?
