SPONSORED CONTENT ❗
Blue Moon Metals discussed a portfolio led by the Nussir sediment-hosted copper project in Norway (moving toward production), the Blue Moon polymetallic VMS project in California (drilling and updated study work planned), the Springer site near Reno, Nevada (intended processing “hub” with tungsten infrastructure), and the NSG VMS project in Norway’s Sulitjelma region (rehabilitation and early-stage drill planning). The interview mainly covered execution plans, upcoming studies and drilling, metallurgy/processing, and near-term risks.
- What have they done for shareholders lately?
— — —
At Nussir, management said decline construction is underway via contractor LNS and a 4,000 m drill program is running to test depth extensions and the PGE-at-depth question, alongside emphasizing existing infrastructure like road access, an ice-free fjord port, powerlines, and legacy site facilities. In the US, management said the Springer transaction should close within about two weeks and described Springer as an expandable, permitted site to host multiple processing circuits, with Blue Moon ore planned to use the existing flotation plant. At NSG, the team is rehabilitating a historic tunnel/channel and relogging historic core to rebuild the geological model ahead of drilling.
– - What has changed since the last major update?
— — —
Management said Nussir is being advanced through an NI 43-101 compliant feasibility study targeted for March and drilling at Nussir is underway with assays/interpretation guided to Q2 2026. They also said Blue Moon exploration drilling is starting and intended to feed an updated feasibility study targeted for Q2 of next year. They added that protests at Nussir largely died down around September when schools started, and that the company expects Springer to close and the company to be trading on NASDAQ soon.
– - How much money do they have and what are they spending it on?
— — —
Spend priorities include feasibility study work at Nussir, the 4,000 m Nussir drill program, Blue Moon drilling and study work tied to an updated feasibility study, and NSG rehabilitation plus an initial 10,000m drill program. On capex, management talked about ore sorting for Blue Moon as “plus or minus $10M” and described total capex for the US plan including Springer retrofit as about “$100M to $110M”, while avoiding a definitive funding need until updated studies are released.
– - Upcoming catalysts
— — —
Management guided to an NI 43-101 feasibility study for Nussir in March and to Q2 2026 for results from the current 4,000 m Nussir drilling, including learning more about the PGE connection at depth. They said Blue Moon drilling is starting and intended to support an updated feasibility study in Q2 of next year. They also said that the Springer deal is expected to close soon and the company should be trading on NASDAQ soon as well, and described NSG plans to extend the tunnel to hit mineralization after roughly 150 m and run an initial 10,000 m drill program in 2026.
– - Risks
— — —
Execution risk was repeatedly emphasized, particularly hiring and retaining the right people, scaling the internal team, and managing contractors and EPC execution without delays. At Nussir, geology risk was described as low for continuity, but uncertainty remains around what causes the PGE-rich intercept at depth and whether thickness and grades improve with deeper drilling. Water inflow was described as manageable but present early in decline development under surface streams. For Nussir expansion, management said the surface footprint can be somewhat tight beyond an equal-sized expansion without additional ground preparation. For Springer and the broader hub model, management said it’s too early to talk about tungsten metallurgy, due to ongoing review of historical work, and adding multiple circuits introduces engineering, capex, and integration risk. For NSG, structural complexity and incomplete legacy datasets were highlighted, including the need to twin about 10% of historic holes and re-assay broader element suites.
VERY IMPORTANT WARNING
Please note that Blue Moon has paid Resource Talks for the creation of this content. This website is a business that charges for the creation and publication of content. This means there will always be a potential conflict of interest which means you can never rely on anything said herein.
By consuming this content, you acknowledge that Resource Talks and/or its affiliates and/or their personnel may own, have owned, or will own interests in and/or may have a business relationship with some or all companies/entities mentioned/featured in this publication. You further acknowledge that entities which may be referenced or featured in this publication or their related parties may hold an interest in Resource Talks or its affiliates, which may create further conflict of interest.
The information provided herein is general & impersonal in nature and meant for entertainment purposes only. The reader acknowledges and agrees that the information does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. The author is not a licensed investment advisor. He is just another talking head on the internet. He might own shares of companies mentioned in this publication. Always assume he doesn’t know much more than a potato does. The mining & exploration space is among the riskiest sectors to invest in. The risk of anything mentioned in this publication is 100% loss of capital. If you don’t read the official documents provided by the company on http://www.SedarPlus.ca, you will lose all of your money.
