Blue Moon Metals Announces 2026 Drilling Plans
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 11 2026
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Should l Buy BMM?
Source: PRnewswire
- Drilling Activity Overview: Blue Moon Metals plans to conduct underground and surface infill and step-out drilling in 2026 across four projects in the U.S. and Norway, aimed at supporting ongoing geological evaluation and project advancement.
- Project Implementation Details: The drilling activities include a program at the Springer Tungsten Mine, which is expected to provide critical mineral resource data that will facilitate further project development.
- Strategic Implications: Through these drilling activities, Blue Moon aims to enhance its competitiveness in the tungsten market and lay the groundwork for future resource development, thereby boosting investor confidence.
- Management Statement: VP Exploration Theodore Veligrakis stated that these drilling activities will provide the necessary geological information to support the company's long-term strategic objectives.
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About BMM
Blue Moon Metals Inc. is a mineral exploration and development company. The Company is advancing four brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway and the Blue Moon zinc-gold-silver-copper project in the United States, and the Springer tungsten-molybdenum project in the United States. All four projects are well located with existing local infrastructure including roads, power and historical infrastructure. The Nussir Property copper-silver-gold mine is located in northern Norway. The NSG copper-zinc-gold-silver project is also located in Nordland County, Norway. The Blue Moon Deposit is located in east central California within Mariposa County in the Foothills. The property is accessible by gravel roads off a nearby paved highway.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Blue Moon Metals Hits All-Time High After Apex Mine Acquisition
- Stock Surge: Blue Moon Metals (BMM) saw an 11.5% increase in its stock price on Monday, reaching an all-time high of $5.80, reflecting strong market confidence following its acquisition of the Apex mine.
- Acquisition Details: Under the agreement, Blue Moon will issue 7 million common shares to Teck Resources (TECK), representing 8% of its outstanding shares, while Teck will receive a 0.5% net smelter returns royalty, enhancing its revenue potential in mining.
- Value Chain Integration: Blue Moon aims to integrate its California mine with processing at the Springer complex in Nevada and smelting at Teck's Trail Operations in Canada, creating a fully integrated North American value chain that boosts operational efficiency.
- Strategic Partnership: This deal strengthens Blue Moon's relationship with key shareholder Hartree Partners, which is collaborating with the U.S. government on a $12 billion critical metals stockpile, highlighting Blue Moon's strategic positioning in the critical metals sector.
See More
Blue Moon Metals Announces 2026 Drilling Plans
- Drilling Activity Overview: Blue Moon Metals plans to conduct underground and surface infill and step-out drilling in 2026 across four projects in the U.S. and Norway, aimed at supporting ongoing geological evaluation and project advancement.
- Project Implementation Details: The drilling activities include a program at the Springer Tungsten Mine, which is expected to provide critical mineral resource data that will facilitate further project development.
- Strategic Implications: Through these drilling activities, Blue Moon aims to enhance its competitiveness in the tungsten market and lay the groundwork for future resource development, thereby boosting investor confidence.
- Management Statement: VP Exploration Theodore Veligrakis stated that these drilling activities will provide the necessary geological information to support the company's long-term strategic objectives.
See More
Blue Moon Metals Updates 2026 Drilling Plans
- Drilling Program Scale: Blue Moon Metals plans approximately 40,000 meters of drilling across four projects in 2026, marking the largest drilling initiative in the company's history aimed at advancing mineral resource evaluation and project development.
- Nussir Project Progress: At the Nussir Copper-Gold-Silver Project, approximately 3,000 meters of surface drilling and 7,000 meters of underground drilling are planned, targeting the copper-rich portion of the mineralization to support further resource assessment and development.
- Blue Moon Project Update: At the Blue Moon Polymetallic Project in California, a 16,000-meter drilling program is underway, aimed at converting existing inferred resources to indicated resources, which is expected to provide critical data for future detailed studies.
- NSG Project Plans: The NSG Copper-Zinc Project plans approximately 10,000 meters of underground drilling focused on expanding the 9.23 million-ton inferred resource to enhance copper and zinc resource assessments, further driving project development.
See More
Blue Moon Metals Completes Acquisition of Springer Mine
- Transaction Completion: Blue Moon Metals has successfully closed the acquisition of the Springer critical metals mine and processing plant, paying a total of $18 million, marking a significant milestone in the critical metals sector and expected to enhance its competitiveness in the U.S. market.
- Resource Potential: The acquired assets include a historically mined tungsten deposit, and with tungsten prices having more than doubled in recent months, Blue Moon plans to accelerate confirmatory drilling to update historical resources, thereby supporting future redevelopment plans.
- Strategic Development: The acquisition aligns with the U.S. strategy to strengthen domestic critical mineral supply chains, and the addition of the Springer Mine will help address the current lack of domestic processing capacity, driving long-term growth in the critical metals sector.
- Underground Development Progress: Blue Moon's underground exploration in California is on track, having completed a 128-meter decline as part of a $16.5 million phase 1 development program, which is expected to further enhance the company's resource development capabilities.
See More
Blue Moon Metals Completes Acquisition of Springer Mine and Processing Plant
- Acquisition Completed: Blue Moon Metals has successfully closed the acquisition of the Springer critical metals mine and processing plant, paying a total of $18 million, including a $500,000 initial deposit, marking a significant milestone in the U.S. critical metals market.
- Resource Potential: The acquired assets include a historically mined tungsten deposit and a flotation mill previously used for tungsten ore processing, which is expected to significantly enhance Blue Moon's resource base and support its long-term growth strategy.
- Strategic Development: Blue Moon plans to convert the Springer mine and mill into a facility that supports the processing of materials from its California Blue Moon mine, further enhancing domestic supply capabilities for critical minerals in alignment with Section 232 of the Trade Expansion Act.
- Market Outlook: Since October 2025, tungsten prices have more than doubled, positioning Blue Moon favorably to capitalize on the increasing demand for tungsten, thereby advancing its strategic initiatives in the critical metals sector.
See More
Blue Moon Metals Completes Acquisition of Springer Mine and Processing Plant
- Acquisition Completed: Blue Moon Metals has successfully closed the acquisition of the Springer critical metals mine and processing plant for a total consideration of $18 million, including a $500,000 initial deposit, marking a significant milestone in the U.S. critical metals market.
- Resource Potential: The acquired assets include historically mined tungsten deposits and a flotation mill previously used for tungsten ore processing, which are expected to support Blue Moon's long-term growth strategy to meet the increasing U.S. tungsten demand.
- Project Progress: Blue Moon is advancing its underground exploration at the Blue Moon mine in California, having completed 128 meters of decline work as part of a $16.5 million phase 1 development program, which is expected to accelerate resource confirmation to support redevelopment plans.
- Strategic Alignment: This acquisition aligns with the initiatives under Section 232 of the Trade Expansion Act aimed at strengthening domestic supply chains for critical minerals, and Blue Moon's expansion will help enhance U.S. mining and processing capabilities.
See More
Blue Moon Metals Hits All-Time High After Apex Mine Acquisition
- Stock Surge: Blue Moon Metals (BMM) saw an 11.5% increase in its stock price on Monday, reaching an all-time high of $5.80, reflecting strong market confidence following its acquisition of the Apex mine.
- Acquisition Details: Under the agreement, Blue Moon will issue 7 million common shares to Teck Resources (TECK), representing 8% of its outstanding shares, while Teck will receive a 0.5% net smelter returns royalty, enhancing its revenue potential in mining.
- Value Chain Integration: Blue Moon aims to integrate its California mine with processing at the Springer complex in Nevada and smelting at Teck's Trail Operations in Canada, creating a fully integrated North American value chain that boosts operational efficiency.
- Strategic Partnership: This deal strengthens Blue Moon's relationship with key shareholder Hartree Partners, which is collaborating with the U.S. government on a $12 billion critical metals stockpile, highlighting Blue Moon's strategic positioning in the critical metals sector.
See More
Blue Moon Metals Announces 2026 Drilling Plans
- Drilling Activity Overview: Blue Moon Metals plans to conduct underground and surface infill and step-out drilling in 2026 across four projects in the U.S. and Norway, aimed at supporting ongoing geological evaluation and project advancement.
- Project Implementation Details: The drilling activities include a program at the Springer Tungsten Mine, which is expected to provide critical mineral resource data that will facilitate further project development.
- Strategic Implications: Through these drilling activities, Blue Moon aims to enhance its competitiveness in the tungsten market and lay the groundwork for future resource development, thereby boosting investor confidence.
- Management Statement: VP Exploration Theodore Veligrakis stated that these drilling activities will provide the necessary geological information to support the company's long-term strategic objectives.
See More
Blue Moon Metals Updates 2026 Drilling Plans
- Drilling Program Scale: Blue Moon Metals plans approximately 40,000 meters of drilling across four projects in 2026, marking the largest drilling initiative in the company's history aimed at advancing mineral resource evaluation and project development.
- Nussir Project Progress: At the Nussir Copper-Gold-Silver Project, approximately 3,000 meters of surface drilling and 7,000 meters of underground drilling are planned, targeting the copper-rich portion of the mineralization to support further resource assessment and development.
- Blue Moon Project Update: At the Blue Moon Polymetallic Project in California, a 16,000-meter drilling program is underway, aimed at converting existing inferred resources to indicated resources, which is expected to provide critical data for future detailed studies.
- NSG Project Plans: The NSG Copper-Zinc Project plans approximately 10,000 meters of underground drilling focused on expanding the 9.23 million-ton inferred resource to enhance copper and zinc resource assessments, further driving project development.
See More
Blue Moon Metals Completes Acquisition of Springer Mine
- Transaction Completion: Blue Moon Metals has successfully closed the acquisition of the Springer critical metals mine and processing plant, paying a total of $18 million, marking a significant milestone in the critical metals sector and expected to enhance its competitiveness in the U.S. market.
- Resource Potential: The acquired assets include a historically mined tungsten deposit, and with tungsten prices having more than doubled in recent months, Blue Moon plans to accelerate confirmatory drilling to update historical resources, thereby supporting future redevelopment plans.
- Strategic Development: The acquisition aligns with the U.S. strategy to strengthen domestic critical mineral supply chains, and the addition of the Springer Mine will help address the current lack of domestic processing capacity, driving long-term growth in the critical metals sector.
- Underground Development Progress: Blue Moon's underground exploration in California is on track, having completed a 128-meter decline as part of a $16.5 million phase 1 development program, which is expected to further enhance the company's resource development capabilities.
See More
Blue Moon Metals Completes Acquisition of Springer Mine and Processing Plant
- Acquisition Completed: Blue Moon Metals has successfully closed the acquisition of the Springer critical metals mine and processing plant, paying a total of $18 million, including a $500,000 initial deposit, marking a significant milestone in the U.S. critical metals market.
- Resource Potential: The acquired assets include a historically mined tungsten deposit and a flotation mill previously used for tungsten ore processing, which is expected to significantly enhance Blue Moon's resource base and support its long-term growth strategy.
- Strategic Development: Blue Moon plans to convert the Springer mine and mill into a facility that supports the processing of materials from its California Blue Moon mine, further enhancing domestic supply capabilities for critical minerals in alignment with Section 232 of the Trade Expansion Act.
- Market Outlook: Since October 2025, tungsten prices have more than doubled, positioning Blue Moon favorably to capitalize on the increasing demand for tungsten, thereby advancing its strategic initiatives in the critical metals sector.
See More
Blue Moon Metals Completes Acquisition of Springer Mine and Processing Plant
- Acquisition Completed: Blue Moon Metals has successfully closed the acquisition of the Springer critical metals mine and processing plant for a total consideration of $18 million, including a $500,000 initial deposit, marking a significant milestone in the U.S. critical metals market.
- Resource Potential: The acquired assets include historically mined tungsten deposits and a flotation mill previously used for tungsten ore processing, which are expected to support Blue Moon's long-term growth strategy to meet the increasing U.S. tungsten demand.
- Project Progress: Blue Moon is advancing its underground exploration at the Blue Moon mine in California, having completed 128 meters of decline work as part of a $16.5 million phase 1 development program, which is expected to accelerate resource confirmation to support redevelopment plans.
- Strategic Alignment: This acquisition aligns with the initiatives under Section 232 of the Trade Expansion Act aimed at strengthening domestic supply chains for critical minerals, and Blue Moon's expansion will help enhance U.S. mining and processing capabilities.
See More
