Blue Moon Metals secures Utah's Gage Project in major mining expansion
Blue Moon Metals Inc. has completed its purchase of the Gage Project in Southern Utah. The company also continues to develop five brownfield sites, including two in Norway. Recent leadership changes and royalty agreements mark a busy period for the mining firm. The Gage Project now belongs to Blue Moon after the deal closed recently. Located in Washington County, Utah, it covers 5,916 hectares across 181 mining claims and two state leases. As part of the acquisition, Blue Moon issued 420,935 common shares to Liberty Gold.
The company has set a 4.0% royalty on non-fissionable materials and 8.0% on fissionable ones from the state leases. Additionally, a 2.0% net smelter returns royalty applies to mineral production, though Blue Moon holds an option to repurchase half of it for US$2 million.
Beyond Utah, Blue Moon is pushing forward with five brownfield projects. Two of these—Nussir and NSG—are based in Norway. Both sites target copper, gold, silver, and zinc, metals classified as critical by the USGS and EU. The remaining three projects, Blue Moon, Springer, and Apex, expand the company's global portfolio.
Reza Ehsani has joined the team as Senior Vice President, Projects. With nearly three decades of experience in mining, oil, and infrastructure, he will oversee execution across these developments. The Gage Project acquisition strengthens Blue Moon's presence in the US, while its Norwegian sites focus on critical metals. New leadership and structured royalty terms set clear conditions for future production. The company now holds a diverse set of assets across multiple regions.
