$BMM

China dominates tungsten supply, with limited production outside the country. U.S. faces a shortage, relying on imports and recycled material. Demand is expected to grow, potentially driving up prices. Blue Moon Metals (TSXV: MOON, NASDAQ: BMM) acquired land and water rights near its Springer mine for $8 million. Almonty Industries (NASDAQ: ALM, TSX: AII) began processing at its Sangdong Mine. American Tungsten (TSXV: TUNG, OTCQX: TUNGF) advances exploration at its Ima Mine.

Tungsten prices surged 622% in 2025, driven by U.S. defense supply chain rules. Blue Moon Metals (TSXV: MOON, NASDAQ: BMM) secured permits for its Nevada tungsten project, aiming for 2027 production. Almonty Industries (NASDAQ: ALM, TSX: AII) began processing at its South Korea mine. American Tungsten (TSXV: TUNG, OTCQX: TUNGF) and Fox Tungsten (TSXV: FOXT) also advanced projects. Investors may monitor these companies for potential opportunities.

Blue Moon Metals Inc. (TSXV: MOON, NASDAQ: BMM) says it is refuting a Viceroy Research short-seller report about its Nussir copper-silver-gold project in Norway. Blue Moon states all Nussir permits are in good standing, construction is on track, and a June 17, 2026 Engebø Supreme Court ruling for another project does not automatically affect Nussir.

Copper prices rose from about $4.25/lb to above $6 amid supply-demand tightness, with S&P Global citing strategic importance and projecting demand to reach 42 million metric tons by 2040. The piece highlights copper-linked data center demand and names Blue Moon Metals (TSXV: MOON, NASDAQ: BMM), Rio Tinto, Freeport-McMoRan, BHP, and Teck. It also details Blue Moon’s Nussir drilling assays and planned resource update.

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

Blue Moon Metals and Alpha Future Funds said their subsidiaries, VMS Explorations and Nye Sulitjelma Gruver, have signed a binding share purchase agreement to combine holdings in Norway’s Sulitjelma mining district. VMS will buy 100% of NSG for US$15m in new VMS shares, giving Blue Moon a 30% stake. Conditions include raising C$10m and listing VMS within 18 months; closing expected around Nov. 30, 2026.

Blue Moon Metals Inc. (NASDAQ:BMM) reported a sharp May decline in short interest: 320,815 shares as of May 15, down 55.7% from 723,518 on April 30. With average volume of 132,462 shares, days to cover is 2.4. Analysts cited by MarketBeat show a consensus “Sell” rating, with Weiss Ratings starting coverage at “sell (d-)”.