Blue Moon $MOON WKN: A413T9 ISIN: CA09570Q5095 Kürzel: 8SX0 Forum: Aktien User: Useyourillusion
Blue Moon Acquires the Turner Copper-Gold VMS Deposit to Further Advance its Western U.S. Critical Mineral Hub and Spoke Model TORONTO, Ontario – September 23, 2026 – Blue Moon Metals Inc. (“Blue Moon” or the “Company”) (TSXV: MOON; NASDAQ: BMM) is pleased to announce that it has signed a definitive agreement with Gold Coast Mining Inc. (“Gold Coast”) to acquire 100% of the Turner Copper-Gold (“Turner”) deposit located in O’Brien, Oregon. Turner is a past producing volcanic massive sulphide (“VMS”) deposit located near the border between Oregon and California. The deposit type and associated metals are similar the Company’s Blue Moon Mine located near Mariposa, California (“Blue Moon Mine”), which the Company is currently advancing through the development of a ramp with underground diamond drilling ongoing into the mineralization. Christian Kargl-Simard, CEO of Blue Moon states: “Through our screening of Western US critical metals projects, Turner clearly met our spoke requirements with potential scale, timeline and logistics to our Springer hub. There is a clear synergy with the Blue Moon Mine to unlock with nearby rail infrastructure. Turner has seen limited exploration, with the potential for a VMS camp, along with unquantified cobalt potential. We plan to aggressively explore and develop Turner with establishment of an exploration drive into the deposit including both surface and underground drilling to support metallurgical work as soon as possible.” The Company believes that material that is extracted from Turner and the Blue Moon Mine may allow for comingling, or at least, use a similar flotation mill to produce both copper and zinc concentrates with strong precious metals credits. Additional metallurgical and engineering-related studies are required to verify if comingling is possible before it can be integrated into any future engineering report. These studies will be initiated to develop a PEA that is expected to incorporate the Blue Moon Mine and Turner with a new 1,800 tpd mill at the Company’s Springer complex in Nevada. It is expected that the extracted material from both projects will be transported primarily by rail (Figure 1), however, transportation studies are required to demonstrate viability. The Company is targeting to complete these studies by the end of 2027. In the meantime, Blue Moon will initiate permitting for exploration drilling and underground development at Turner, which is expected to take 12 to 18 months. It should be noted that the Company undertook a similar permitting methodology for the Blue Moon Mine in California. For Turner, it will be assumed that there is no processing of extracted material in Oregon.
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