$BMM

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

Elmet Group (ELMT) shares surged 50.6% to $24.39 after announcing plans to use a $450M DoD investment to boost tungsten supply. Other stocks gaining include Rum Group (RUM) +15%, Tyra Biosciences (TYRA) +14.5%, and Roblox (RBLX) +8.7% after price target raises.

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.

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.