Blue Moon Metals Secures Congressional Support and BLM Approval for an Underground Exploration Program at the Blue Moon Critical Minerals Project in Mariposa County, California
Blue Moon Metals (OTCQB: BMOOF) has received Bureau of Land Management (BLM) approval for underground exploration at its Blue Moon Critical Minerals Project in Mariposa County, California. The approval enables the construction of a portal and tunnel for mineral exploration activities at the volcanogenic massive sulphide deposit.
The underground exploration program, estimated to cost US$31M, is scheduled to begin construction in Q3-2025, creating approximately 20 new jobs. The program will support a feasibility study expected to be completed in 24 months. The project received support from Congressman Tom McClintock and aligns with a recent Executive Order to increase American mineral production.
According to the March 2025 Preliminary Economic Assessment (PEA), the project demonstrates top decile economics with an after-tax rate of return exceeding 50% at current spot prices. The company plans to fund the program through a combination of royalty sales, equity, and an existing Hartree Partners standby facility.
Blue Moon Metals (OTCQB: BMOOF) ha ottenuto l'approvazione dal Bureau of Land Management (BLM) per l'esplorazione sotterranea presso il suo progetto Blue Moon Critical Minerals nella contea di Mariposa, California. L'autorizzazione consente la costruzione di un portale e di un tunnel per le attività di esplorazione mineraria nel deposito di solfuri massivi volcanogenici.
Il programma di esplorazione sotterranea, il cui costo stimato è di 31 milioni di dollari USA, è previsto iniziare la costruzione nel terzo trimestre del 2025, creando circa 20 nuovi posti di lavoro. Il progetto supporterà uno studio di fattibilità che si prevede venga completato entro 24 mesi. Ha ricevuto il sostegno del deputato Tom McClintock ed è in linea con un recente ordine esecutivo volto ad aumentare la produzione mineraria americana.
Secondo la Valutazione Economica Preliminare (PEA) di marzo 2025, il progetto mostra un'economia di prim’ordine con un tasso di rendimento netto superiore al 50% ai prezzi correnti di mercato. L'azienda prevede di finanziare il programma attraverso una combinazione di vendite di royalty, capitale azionario e una linea di credito standby esistente con Hartree Partners.
Blue Moon Metals (OTCQB: BMOOF) ha recibido la aprobación de la Oficina de Administración de Tierras (BLM) para la exploración subterránea en su Proyecto de Minerales Críticos Blue Moon en el Condado de Mariposa, California. La aprobación permite la construcción de un portal y un túnel para actividades de exploración mineral en el depósito de sulfuros masivos volcanogénicos.
El programa de exploración subterránea, con un costo estimado de 31 millones de dólares estadounidenses, está programado para comenzar la construcción en el tercer trimestre de 2025, generando aproximadamente 20 nuevos empleos. El programa respaldará un estudio de factibilidad que se espera completar en 24 meses. El proyecto recibió el apoyo del congresista Tom McClintock y está alineado con una reciente Orden Ejecutiva para aumentar la producción minera estadounidense.
Según la Evaluación Económica Preliminar (PEA) de marzo de 2025, el proyecto demuestra una economía de primer nivel con una tasa de retorno después de impuestos que supera el 50% a los precios actuales. La empresa planea financiar el programa mediante una combinación de ventas de regalías, capital y una línea de crédito standby existente con Hartree Partners.
Blue Moon Metals (OTCQB: BMOOF)는 캘리포니아 마리포사 카운티에 위치한 Blue Moon Critical Minerals 프로젝트의 지하 탐사를 위해 미국 토지관리국(BLM)으로부터 승인을 받았습니다. 이번 승인은 화산성 대규모 황화광상에서 광물 탐사를 위한 출입구 및 터널 건설을 허가합니다.
약 3,100만 달러가 소요될 것으로 예상되는 지하 탐사 프로그램은 2025년 3분기에 착공할 예정이며, 약 20개의 신규 일자리를 창출할 것입니다. 이 프로그램은 24개월 내 완료 예정인 타당성 조사 연구를 지원하며, 톰 맥클린톡 하원의원의 지지를 받았고 미국 광물 생산 증대를 위한 최근 행정명령과도 부합합니다.
2025년 3월 예비 경제성 평가(PEA)에 따르면, 이 프로젝트는 현재 현물 가격 기준으로 세후 수익률이 50%를 초과하는 최상위 수준의 경제성을 보여줍니다. 회사는 로열티 판매, 주식, 기존 Hartree Partners 대기 시설을 통해 자금을 조달할 계획입니다.
Blue Moon Metals (OTCQB : BMOOF) a obtenu l'approbation du Bureau of Land Management (BLM) pour une exploration souterraine dans son projet Blue Moon Critical Minerals situé dans le comté de Mariposa, en Californie. Cette approbation permet la construction d'un portail et d'un tunnel pour les activités d'exploration minérale sur le gisement de sulfures massifs volcanogènes.
Le programme d'exploration souterraine, dont le coût est estimé à 31 millions de dollars US, doit débuter sa construction au troisième trimestre 2025, créant environ 20 nouveaux emplois. Ce programme soutiendra une étude de faisabilité attendue dans un délai de 24 mois. Le projet a reçu le soutien du député Tom McClintock et s'inscrit dans le cadre d'un récent décret exécutif visant à augmenter la production minière américaine.
Selon l'évaluation économique préliminaire (PEA) de mars 2025, le projet affiche une rentabilité de premier ordre avec un taux de rendement après impôts supérieur à 50% aux prix actuels du marché. La société prévoit de financer ce programme par une combinaison de ventes de redevances, de capitaux propres et d'une facilité de réserve existante avec Hartree Partners.
Blue Moon Metals (OTCQB: BMOOF) hat die Genehmigung des Bureau of Land Management (BLM) für unterirdische Erkundungen bei seinem Blue Moon Critical Minerals Projekt im Mariposa County, Kalifornien, erhalten. Die Genehmigung ermöglicht den Bau eines Portals und Tunnels für mineralische Erkundungsarbeiten an der vulkanogenen massiven Sulfidlagerstätte.
Das unterirdische Erkundungsprogramm, dessen Kosten auf 31 Mio. US-Dollar geschätzt werden, soll im dritten Quartal 2025 mit dem Bau beginnen und etwa 20 neue Arbeitsplätze schaffen. Das Programm unterstützt eine Machbarkeitsstudie, die voraussichtlich in 24 Monaten abgeschlossen sein wird. Das Projekt erhielt Unterstützung vom Kongressabgeordneten Tom McClintock und steht im Einklang mit einer jüngsten Exekutivverordnung zur Steigerung der amerikanischen Mineralproduktion.
Der vorläufigen Wirtschaftlichkeitsbewertung (PEA) vom März 2025 zufolge weist das Projekt eine erstklassige Wirtschaftlichkeit mit einer Nachsteuer-Rendite von über 50% bei aktuellen Spotpreisen auf. Das Unternehmen plant, das Programm durch eine Kombination aus Lizenzverkäufen, Eigenkapital und einer bestehenden Hartree Partners Standby-Fazilität zu finanzieren.
- BLM approval received for underground exploration program
- Strong project economics with >50% after-tax return rate at current spot prices
- Only one third-party royalty capped at US$500,000
- Government support through Executive Order and Congressional backing
- All three company critical metals projects now have permits for underground exploration
- Significant capital requirement of US$31M for exploration program
- Need for additional funding through equity/royalty sales may impact shareholders
- 24-month timeline for feasibility study completion
TORONTO, April 15, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (“Blue Moon” or the “Company”) (TSXV: MOON; OTCQB: BMOOF), is pleased to announce approval by the Bureau of Land Management (“BLM”) for a portal and tunnel to enable underground mineral exploration activities at the Blue Moon volcanogenic massive sulphide (“VMS”) deposit (the “Project”), located in Mariposa County, California. The BLM’s approval represents a significant permitting milestone for development of the Project, as the initial portal and decline will provide access for infill and exploration drilling, allow for examination of geology, rock mechanics, and underground mining conditions, and be utilized once the mine moves into production as the main haulage route. The BLM’s approval allows for immediate commencement of the underground exploration program.
As a result of this development, management has commenced the detailed exploration decline engineering and has initiated an RFP (request for proposal) process to select a mining contractor. The decline is expected to start construction in Q3-2025 and support a feasibility study which is expected to be completed in 24 months. The total program as outlined in the Preliminary Economic Assessment (“PEA”) technical report for the Blue Moon Mine, is expected to cost US
The BLM’s approval is consistent with an Executive Order issued by President Donald Trump on March 20, 2025 calling for immediate measures to increase American mineral production, including streamlining permitting processes and prioritizing domestic mineral production projects. Soon after the issuance of the Executive Order, United States Congressman Tom McClintock, Member of the House Committee on Natural Resources, issued a letter of support for the Project to BLM, noting “…approval of the Blue Moon Mining Project would result in the mining of multiple critical metals, such as zinc, copper, gallium, germanium, and barite, which would reduce the United States' dependency on foreign critical minerals.” Congressman McClintock further urged the BLM to identify the Blue Moon Project as a “Priority Project” that, pursuant to the Executive Order, “…can be immediately approved or for which permits can be immediately issued and take all necessary or appropriate actions within the agency’s authority to expedite and issue the relevant permits or approvals.”
The CEO of Blue Moon, Christian Kargl-Simard stated:
"This project was identified by Westmin in the 1980s as a high-grade VMS project with strong metallurgy, which they completed a historical prefeasibility study on and advanced permitting. The project is now advancing rapidly with the focus on domestic production of critical metals. The PEA results announced on March 3, 2025 summarized top decile economics for a mining project, and at current spot prices the after-tax rate of return is over
This development supersedes and accelerates the permitting approach outlined in the PEA for the Blue Moon Mine, which had an effective date of March 3, 2025. The independent National Instrument (“NI”) 43-101 Technical Report has now been filed on SEDAR+. The study was commissioned by Blue Moon and carried out by Micon International Ltd. and Resource Development Associates, Inc. It provides a base case assessment for the development of the Project as an underground mine with onsite production of saleable concentrates for zinc and copper.
Qualified Persons
The technical and scientific information of this news release has been reviewed and approved by Mr. Dustin Small, P.Eng., a non-Independent Qualified Person, as defined by NI 43-101.
About Blue Moon
Blue Moon is advancing 3 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 3 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
CEO and Director
Phone: (416) 230 3440
Email: christian@bluemoonmetals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
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 Project and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes.
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 will Blue Moon Metals (BMOOF) begin construction of the underground exploration program?
How much will the Blue Moon underground exploration program cost?
What is the expected return rate for the Blue Moon Metals (BMOOF) project at current spot prices?
How many jobs will the Blue Moon Metals exploration program create in Mariposa County?
How will Blue Moon Metals (BMOOF) fund the underground exploration program?
