Monitor TSX-V approval and closing in November 2026. Watch for permitting progress at Turner (12-18 months expected) and initiation of PEA studies targeting end of 2027. The large RSU/DSU grant suggests management alignment but also potential overhang.
Price Chart
Executive Summary
Blue Moon Metals announced the acquisition of the Turner copper-gold VMS deposit in Oregon for US$4.7M cash plus ~US$27M in stock (4,778,761 shares at US$5.65/sh 20-day VWAP), plus milestone payments up to US$7M. The company also granted 993,146 RSUs to officers/employees and 268,586 DSUs to directors. The deal expands Blue Moon's Western U.S. critical mineral hub-and-spoke model, with plans to develop a PEA incorporating Turner and the Blue Moon Mine by end of 2027.
Key Facts
- Acquiring 100% of Turner deposit for US$4.7M cash + ~US$27M in stock (4,778,761 shares at US$5.65/sh 20-day VWAP), plus up to US$7M in milestone payments
- Historical NI 43-101 resource: 2.447M tons Indicated at 1.25% Cu, 2.79 g/t Au, 2.65% Zn, 9.64 g/t Ag, 0.05% Co; 2.084M tons Inferred at 0.99% Cu, 2.73 g/t Au, 2.78% Zn, 19.91 g/t Ag, 0.04% Co
- Targeting completion of PEA incorporating Blue Moon Mine and Turner with new 1,800 tpd mill at Springer complex in Nevada by end of 2027
- Granted 993,146 RSUs to officers/employees and 268,586 DSUs to independent directors
- Completion expected November 2026, subject to TSX-V approval
Financial Impact
Total consideration ~US$31.7M upfront (cash + stock) plus up to US$7M in milestone payments; stock issuance of 4,778,761 shares represents ~US$27M based on US$5.65/sh VWAP
Risk Factors
- Historical resource estimate not verified as current; significant additional drilling and studies required
- Permitting for exploration and development at Turner expected to take 12-18 months with no guarantee of approval
- Substantial share dilution from the acquisition (4.78M shares) and equity grants (1.26M RSUs/DSUs)
- No current mineral reserves or demonstrated economic viability at Turner
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001554855-26-002036 |
| Document: MainDocument.htm | 0001554855-26-002036 |
| Document: 0001554855-26-002036-index-headers.html | 0001554855-26-002036 |
| Document: 0001554855-26-002036-index.html | 0001554855-26-002036 |
| Document: 0001554855-26-002036.txt | 0001554855-26-002036 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Press Release | $3.97 | awaiting T+1 | — | $3.97 (+0.00%) |
Oct 19, 2026 7d ago | 6-K | $4.29 $4.30 | ▲ +0.23% | ▼ −0.10% | $3.97 (−7.46%) |
Oct 6, 2026 20d ago | 6-K | $5.13 $4.93 | ▼ −3.90% | ▼ −3.66% | $3.97 (−22.61%) |
Sep 23, 2026 4w ago | 6-K | $5.26 $5.22 | ▼ −0.76% | ▼ −0.68% | $3.97 (−24.52%) |
Sep 23, 2026 4w ago | Press Release | $5.26 $5.22 | ▼ −0.76% | ▼ −0.68% | $3.97 (−24.52%) |
Sep 22, 2026 4w ago | 6-K | $5.78 $5.26 | ▼ −8.92% | ▼ −8.20% | $3.97 (−31.26%) |
Sep 14, 2026 6w ago | 6-K | $5.68 $5.24 | ▼ −7.75% | ▼ −7.29% | $3.97 (−30.11%) |
Sep 3, 2026 7w ago | 6-K | $6.09 $6.19 | ▲ +1.64% | ▲ +2.03% | $3.97 (−34.81%) |
Aug 13, 2026 10w ago | 6-K | $4.91 $4.82 | ▼ −1.83% | ▼ −1.64% | $3.97 (−19.14%) |
Aug 11, 2026 10w ago | 6-K | $5.29 $5.31 | ▲ +0.38% | ▲ +0.13% | $3.97 (−24.95%) |
US Market Status
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