Monitor permitting progress and any DSO offtake agreements. The high germanium/gallium grades and tight ex-China market provide a potential catalyst, but commercialization is at least 12 months away. Near-term price action likely driven by commodity price moves and exploration updates.
Price Chart
Executive Summary
Blue Moon Metals reported assay results from its first bulk sample at the Apex germanium-gallium-copper mine in Utah, showing 0.180% germanium, 0.0273% gallium, and 1.96% copper. The company is advancing toward potential direct shipping ore sales, with unsolicited interest from major users and a target of Q3-2027 for initial production. The news is a positive exploration milestone but remains early-stage and subject to permitting and commercial risks.
Key Facts
- Bulk sample assay results: 0.180% germanium, 0.0273% gallium, 1.96% copper
- Germanium spot price: $10,500/kg; gallium spot price: $2,650/kg (Fastmarkets, June 26, 2026)
- Company exploring direct shipping ore (DSO) with unsolicited interest from major users and producers
- Permitting targeted for Q2-2027; potential DSO start as soon as Q3-2027 at 150 tpd
- Apex could supply nearly 100% of U.S. germanium demand from a single domestic source
Financial Impact
No revenue or earnings impact; potential future revenue from DSO not yet quantified
Risk Factors
- Selective bulk sample may not represent average grade of mineralization
- Permitting and contracting delays could push DSO timeline beyond Q3-2027
- Commodity price volatility for germanium and gallium
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001554855-26-001451 |
| Document: MainDocument.htm | 0001554855-26-001451 |
| Document: 0001554855-26-001451-index-headers.html | 0001554855-26-001451 |
| Document: 0001554855-26-001451-index.html | 0001554855-26-001451 |
| Document: 0001554855-26-001451.txt | 0001554855-26-001451 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Press Release | $3.97 | awaiting T+1 | — | $4.19 (+5.54%) |
Oct 19, 2026 8d ago | 6-K | $4.29 $4.30 | ▲ +0.23% | ▼ −0.10% | $4.19 (−2.33%) |
Oct 6, 2026 21d ago | 6-K | $5.13 $4.93 | ▼ −3.90% | ▼ −3.66% | $4.19 (−18.32%) |
Sep 23, 2026 4w ago | 6-K | $5.26 $5.22 | ▼ −0.76% | ▼ −0.68% | $4.19 (−20.34%) |
Sep 23, 2026 4w ago | Press Release | $5.26 $5.22 | ▼ −0.76% | ▼ −0.68% | $4.19 (−20.34%) |
Sep 22, 2026 5w ago | 6-K | $5.78 $5.26 | ▼ −8.92% | ▼ −8.20% | $4.19 (−27.45%) |
Sep 14, 2026 6w ago | 6-K | $5.68 $5.24 | ▼ −7.75% | ▼ −7.29% | $4.19 (−26.23%) |
Sep 3, 2026 7w ago | 6-K | $6.09 $6.19 | ▲ +1.64% | ▲ +2.03% | $4.19 (−31.20%) |
Aug 13, 2026 10w ago | 6-K | $4.91 $4.82 | ▼ −1.83% | ▼ −1.64% | $4.19 (−14.66%) |
Aug 11, 2026 11w ago | 6-K | $5.29 $5.31 | ▲ +0.38% | ▲ +0.13% | $4.19 (−20.79%) |
US Market Status
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