Blue Moon Metals Accelerates Copper Production in Norway and California

Blue Moon Metals (TSXV: MOON; US-OTC: BMOOF) is rapidly advancing multiple copper projects as global demand for critical minerals continues to grow. The company is currently focused on its primary project, the Nussir project in Norway, where construction has commenced. This initiative marks a significant shift from exploration to production for the firm.

Christian Kargl-Simard, president and CEO of Blue Moon Metals, highlighted the importance of the Nussir project during a recent interview. Kargl-Simard, who joined Blue Moon in November 2022 after his tenure at Adventus Mining (TSXV: ADZN), described Nussir as a “shovel-ready” copper project. The asset has benefited from approximately $32 million (C$44 million) worth of engineering, permitting, and drilling efforts over the past two decades. Kargl-Simard stated, “While many companies talk about building copper mines, very few are doing it – we’re one of them.”

The company is taking a long-term approach to mining, aiming to establish itself as a sustainable producer rather than pursuing quick returns. Kargl-Simard’s previous experience in building Adventus Mining in Ecuador has shaped this strategy. He emphasized the importance of assembling a skilled team, noting, “With our team’s experience, we plan to develop mines steadily over the next 10 to 20 years.”

As part of this long-term vision, Blue Moon’s project pipeline is expanding. The Nussir project is expected to begin production by mid-2027. Additionally, the Blue Moon project in California has made significant progress, receiving necessary permits for underground development, exploration, and test mining. This accelerated permitting process positions Blue Moon to potentially construct two underground mines simultaneously, a feat that underscores the capabilities of the team.

Kargl-Simard pointed out the logistical advantages of the Blue Moon project, which is located just 25 miles (40 km) from major rail infrastructure and 80 miles from Stockton’s deepwater port. The project’s high-grade, small-footprint underground deposit allows for rapid progression into production. “The combination of infrastructure, logistics, and permitting success is something you truly encounter once in a blue moon,” he remarked.

Norway’s strategic importance is also a key consideration for Blue Moon. Kargl-Simard explained that the country, often overlooked for mining, possesses significant resources and a commitment to enhancing critical metals production. With low-cost renewable power and a stable political environment, Norway provides a favorable backdrop for mining endeavors. “Being an early mover here positions us strategically,” he noted.

Partnerships are on the horizon for Blue Moon Metals, as Kargl-Simard acknowledged the growing demand for base metal developers. Recent mergers and acquisitions within the industry illustrate this trend. Major shareholders, including Wheaton Precious Metals (TSX: WPM, NYSE: WPM; LSE: WPM) and Hartree Partners, offer support through streaming and concentrate prepayment options. Nonetheless, Kargl-Simard stressed that the company’s priority remains to bring projects into production to enhance valuation before pursuing strategic acquisitions.

For potential investors, Kargl-Simard conveyed a clear message: “We’re committed to stable jurisdictions – Europe, Canada, the U.S., Australia, and selective South American countries.” The company is focused on high-quality projects that are either ready for construction or already operational. Emphasizing profitability and robust financing opportunities, he stated, “This approach ensures profitability, robust financing opportunities, and maintains our strong capital structure, setting a solid foundation for sustainable growth and returns for our investors.”

As Blue Moon Metals continues to navigate the complexities of the mining sector, its dual focus on the Nussir project in Norway and the Blue Moon project in California reflects a strategic commitment to long-term value creation in a rapidly evolving market.