Blue Moon reports 7 metre tungsten interval, gains access to public land

The U.S. seeks to secure tungsten supply, currently dominated by China. Blue Moon Metals (TSXV: MOON, NASDAQ: BMM), The Elmet Group (NASDAQ: ELMT), and EQ Resources (ASX: EQR) announced a strategic agreement to develop the Springer Tungsten Complex in Nevada. The U.S. Department of War invested $450 million, with $150 million allocated to the project. The companies aim to restart production by Q4 2027, addressing the U.S. tungsten shortage.

The Pentagon committed $450M to Elmet (ELMT) for tungsten supply chain expansion, including a $150M investment in Blue Moon Metals' (BMM) Springer project in Nevada. The U.S. aims to reduce reliance on China, which dominates global tungsten supply. Elmet will control the APT plant, with production expected to restart in 2028.

The U.S. Department of Defense is investing $450M in Elmet Group, with $150M allocated to Blue Moon Metals' Springer tungsten complex in Nevada. Blue Moon will receive $50M in tungsten concentrate prepayment and $25M in equity investment, while Elmet will invest $75M in a joint venture to restart the APT plant. Analysts view the deal positively, with shares of Blue Moon rising 6.5% to C$8.08. The Pentagon aims to secure domestic tungsten supply chains, as China controls about 85% of global suppl

Blue Moon Metals, The Elmet Group, and EQ Resources agreed to invest $150-$175M in the Springer Tungsten Complex in Nevada. The deal includes a joint venture, equity investment, and supply agreements. The U.S. Department of War also invested $450M in TEG, with $150M earmarked for this project. Blue Moon aims to restart production by Q4 2027, supporting the U.S. tungsten supply chain.

Blue Moon Metals (TSXV: MOON, Nasdaq: BMM) said it acquired 33 western U.S. tungsten and antimony projects, including near its Springer complex. The seller will receive 2.8M Blue Moon shares plus about $5M cash and a 1% net smelter return royalty per project. Blue Moon cited USGS data on past production and China’s dominance; shares fell 2% to C$7.52.

The article says tungsten has outperformed gold, silver and copper over the past year and that the U.S. has not mined tungsten since 2015, while China supplies about 80% of global tungsten and nearly 90% of processing. It notes a U.S. defense rule from Jan 1, 2027 banning tungsten routed through China. It highlights Blue Moon Metals (TSXV: MOON, NASDAQ: BMM) acquiring 33 tungsten and antimony projects near its Springer complex, with consideration including 2.8M shares, $5.0M cash, and a 1% NSR r