Blue Moon Metals terminates US project acquisition deal

Blue Moon Metals Inc. (TSXV:MOON) (NASDAQ:BMM) has announced the termination of its proposed acquisition of 33 tungsten and antimony projects in the western United States, following a mutual agreement with the vendor. The acquisition, initially announced on August 11, 2026, was canceled in accordance with a letter agreement dated August 10, 2026, with no specific reasons provided for the termination.

Additionally, the company reported that its corporate jurisdiction has been successfully transferred from British Columbia to Ontario, with the process completed on October 23. This change involved adopting new articles and by-laws, which were approved by shareholders at the company's annual and special meeting on July 30, 2026.

The company's U.S. projects included the Blue Moon zinc-gold-silver-copper project, the Springer tungsten-molybdenum project, the Apex germanium-gallium-copper project, and the Turner gold-copper-zinc-silver project. Major shareholders in the company include Teck Resources Limited, funds managed by Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, Altius Minerals Corporation, Baker Steel Resources Trust, LNS, and Monial.

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