Blue Moon Acquires the Turner Copper-Gold VMS Deposit to Further Advance its Western U.S. Critical Mineral Hub and Spoke Model
Blue Moon Metals has signed a definitive agreement to acquire 100% of the Turner copper-gold VMS deposit in O'Brien, Oregon from Gold Coast Mining, adding a past-producing asset to its Western U.S. critical-minerals hub-and-spoke strategy anchored on the Springer complex in Nevada. Total consideration is roughly US$39 million: US$4.7M in cash, ~4.78 million Blue Moon shares worth ~US$27M (issued in four tranches over 12 months at a US$5.65 20-day VWAP), and up to US$7M in permit and production milestone payments, subject to an existing 1.5% NSR royalty. Closing is expected in November 2026.
Key figures
- Deal Value Usd
- $4.7M cash plus ~4,778,761 shares (~US$27M) plus up to US$7M in milestone payments
- Shares Offered
- 4778761
- Nsr royalty
- 1.5%
- Share vwap usd
- 5.65
- Cash consideration usd
- 4700000
- Milestone payments usd
- 7000000
- Share consideration usd
- 27000000
- Historical mre inferred cueq
- 4.80%
- Historical mre inferred tons
- 2084000
- Expected pea study completion
- end of 2027
- Historical mre indicated cueq
- 4.97%
- Exploration permitting timeline
- 12-18 months
- Historical mre indicated au grade
- 2.79 g/t
- Historical mre indicated cu grade
- 1.25%
AI analysis
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