Blue Moon Metals Acquires the Oyen Industrial Land, Operating Aggregate Quarry, Shiploading Equipment and Adjacent Properties to Nussir, and Closes a C$5.25 Million Follow on Equity Investment by Hartree Partners
Summary
REAS has a ground lease agreement with the Finnmark Estate, a legal entity established by law in Norway, for the use of the Oyen Industrial Land. Key highlights of the acquired infrastructure include: Quay for aggregate logistics including a modern ship-loading and conveyer system that is in active use by WG Barracks for construction and operations at the Nussir Project Full process plant building in good condition and of sufficient size to install a 6,000 tpd flotation plant Ancillary land to the project (the Ancillary Lands) Zoning in place for an industrial site including for mining and processingThe below image shows the mill building, silo and office administration area taken in January 2025. Effective as of the opening of market on or about March 14, 2025, the Blue Moon Shares will commence trading on a post-Consolidation basis on the TSXV. More information is available on the Companys website (www.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.This news release includes forward-looking statements and forward-looking information within the meaning of applicable Canadian and U.S. securities laws. 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, including but not limited to: the anticipated benefits of the Transaction will not be as anticipated; that WG will decide to no longer sublease part of the land; that the waste rock from the Nussir Project will not meet the standard to be sold to WG; that the Nussir Project may never be built; the strategic benefits expected to result from the Transaction will not be fully realized; that the portal may be located somewhere else; that the proceeds from the Financing may be used differently than expected.