Blue Moon, The Elmet Group, and EQ Resources Announce a US$150-$175 Million Investment into the Springer Tungsten Complex, Nevada, to Strengthen the U.S. Tungsten Supply Chain
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.


