AGÕæÈ˹ٷ½

STOCK TITAN

Blue Moon Metals Completes First Blast on Nussir Access Portal Ahead of Schedule

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Negative)
Tags
Blue Moon Metals (BMOOF) has initiated underground construction at the Nussir Mine, marking a significant milestone with the completion of the first blast on the access portal on June 12, 2025, ahead of schedule. The company's mining contractor, Leonhard Nilsen & Sonner AS (LNS), will construct a 2,500-meter decline to facilitate underground exploration. This exploration phase, scheduled over the next year, will provide essential engineering data to support a final investment decision in 2026. The project aims to contribute to Europe's copper supply needs, positioning itself as a critical metals supplier in the region.
Blue Moon Metals (BMOOF) ha avviato i lavori sotterranei presso la miniera di Nussir, raggiungendo un traguardo importante con il completamento della prima esplosione nel portale di accesso il 12 giugno 2025, in anticipo rispetto ai tempi previsti. L'appaltatore minerario della società, Leonhard Nilsen & Sonner AS (LNS), realizzerà una discesa di 2.500 metri per agevolare l'esplorazione sotterranea. Questa fase di esplorazione, programmata per il prossimo anno, fornirà dati ingegneristici essenziali a supporto della decisione finale di investimento nel 2026. Il progetto mira a contribuire al fabbisogno europeo di rame, posizionandosi come un fornitore chiave di metalli critici nella regione.
Blue Moon Metals (BMOOF) ha iniciado la construcción subterránea en la mina Nussir, marcando un hito significativo con la finalización de la primera voladura en el portal de acceso el 12 de junio de 2025, antes de lo previsto. El contratista minero de la empresa, Leonhard Nilsen & Sonner AS (LNS), construirá un declive de 2.500 metros para facilitar la exploración subterránea. Esta fase de exploración, programada para el próximo año, proporcionará datos esenciales de ingeniería para respaldar la decisión final de inversión en 2026. El proyecto tiene como objetivo contribuir a las necesidades de suministro de cobre de Europa, posicionándose como un proveedor clave de metales críticos en la región.
Blue Moon Metals(BMOOF)ëŠ� Nussir ê´‘ì‚°ì—서 ì§€í•� 건설ì� 시작했으ë©�, 2025ë…� 6ì›� 12ì� ì ‘ê·¼ í¬í„¸ì—서 ì²� í­íŒŒ 작업ì� 예정보다 앞서 완료하는 중요í•� ì´ì •표를 세웠습니ë‹�. 회사ì� ê´‘ì‚° 계약업체ì� Leonhard Nilsen & Sonner AS(LNS)ëŠ� ì§€í•� íƒì‚¬ë¥� ìš©ì´í•˜ê²Œ 하기 위해 2,500미터 길ì´ì� 내리ë§� í„°ë„ì� 건설í•� 예정입니ë‹�. ë‹¤ìŒ í•� ë™ì•ˆ 예정ë� ì� íƒì‚¬ 단계ëŠ� 2026ë…� 최종 íˆ¬ìž ê²°ì •ì� ì§€ì›í•˜ëŠ� ë� í•„ìš”í•� 핵심 공학 ë°ì´í„°ë¥¼ 제공í•� 것입니다. ì� 프로ì íЏëŠ� 유럽ì� 구리 공급 요구ì—� 기여하는 ê²ƒì„ ëª©í‘œë¡� 하며, ì§€ì—� ë‚� 중요í•� ê¸ˆì† ê³µê¸‰ì—…ì²´ë¡� ìžë¦¬ë§¤ê¹€í•˜ê³ ìž� 합니ë‹�.
Blue Moon Metals (BMOOF) a lancé les travaux souterrains à la mine de Nussir, marquant une étape importante avec la réalisation du premier tir de mine sur le portail d'accès le 12 juin 2025, en avance sur le calendrier. L'entrepreneur minier de la société, Leonhard Nilsen & Sonner AS (LNS), construira une descenderie de 2 500 mètres pour faciliter l'exploration souterraine. Cette phase d'exploration, prévue pour l'année prochaine, fournira des données d'ingénierie essentielles pour soutenir la décision finale d'investissement en 2026. Le projet vise à contribuer aux besoins d'approvisionnement en cuivre de l'Europe, se positionnant comme un fournisseur clé de métaux critiques dans la région.
Blue Moon Metals (BMOOF) hat mit dem unterirdischen Bau der Nussir-Mine begonnen und dabei einen bedeutenden Meilenstein mit der Fertigstellung der ersten Sprengung am Zugangstunnel am 12. Juni 2025 vor dem Zeitplan erreicht. Der Bergbauauftragnehmer des Unternehmens, Leonhard Nilsen & Sonner AS (LNS), wird einen 2.500 Meter langen Abstieg errichten, um die unterirdische Erkundung zu erleichtern. Diese Erkundungsphase, die im nächsten Jahr geplant ist, wird wichtige technische Daten liefern, um eine endgültige Investitionsentscheidung im Jahr 2026 zu unterstützen. Das Projekt zielt darauf ab, den Kupferbedarf Europas zu decken und sich als wichtiger Lieferant kritischer Metalle in der Region zu positionieren.
Positive
  • First blast completed ahead of schedule, demonstrating efficient project execution
  • Significant 2,500-meter decline development planned, enabling extensive underground exploration
  • Strategic positioning to supply Europe's copper market
  • Clear timeline for final investment decision in 2026
Negative
  • Final investment decision still pending until 2026
  • Additional year of exploration required before production decision
  • Significant capital expenditure needed for decline development

TORONTO, June 16, 2025 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (�Blue Moon� or the �Company�) (TSXV: MOON; OTCQX: BMOOF), is pleased to announce that the company has commenced underground construction on the Nussir Mine completing the first blast on the access portal on June 12, 2025; ahead of schedule.

Nussir’s mining contractor, Leonhard Nilsen & Sonner AS (�LNS�) will extend the decline approximately 2,500 meters providing a platform for further underground exploration. The exploration work to be completed over the next year will provide key engineering inputs and lead to a final investment decision in 2026.

Christian Kargl-Simard, Blue Moon’s CEO states: “This key milestone marks the start of the next chapter in the exciting Nussir story and brings us one step closer to putting this important critical metals mine into operation supplying Europe’s copper needs.�

Preparation of First Blast

First Blast

About Blue Moon

Blue Moon is advancing 3 brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States and the NSG copper-zinc-gold-silver project in Norway. 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 ().

For further information:

Blue Moon Metals Inc.
Christian Kargl-Simard
CEO and Director
Phone: (416) 230 3440
Email: [email protected]

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. 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 Nussir Mine 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 .

Photos accompanying this announcement are available at


FAQ

What milestone did Blue Moon Metals (BMOOF) achieve at the Nussir Mine in June 2025?

Blue Moon Metals completed the first blast on the Nussir Mine access portal on June 12, 2025, ahead of schedule, marking the commencement of underground construction.

How long will the decline be at Blue Moon Metals' Nussir Mine?

The planned decline will extend approximately 2,500 meters, providing a platform for underground exploration.

When is Blue Moon Metals (BMOOF) expected to make the final investment decision for the Nussir Mine?

The company expects to make the final investment decision in 2026, following a year of exploration work and engineering studies.

Who is the mining contractor for Blue Moon Metals' Nussir project?

Leonhard Nilsen & Sonner AS (LNS) is the mining contractor for the Nussir project.

What is the primary metal target at Blue Moon Metals' Nussir Mine?

The Nussir Mine is primarily targeting copper, aiming to supply Europe's copper needs as a critical metals mine.
Blue Moon Metals Inc

OTC:BMOOF

BMOOF Rankings

BMOOF Latest News

BMOOF Stock Data

112.87M
35.09M
Other Industrial Metals & Mining
Basic Materials
Canada
Vancouver