Each one in plain English, with the numbers worked through for a shareholder.
10 Aug 2026drilling progress report▲ Good
Blue Moon reported first results from its infill drilling at Nussir in Norway (12 holes, 2,628.6 m), aiming to upgrade part of the Indicated resource to Measured near the first planned mining areas; for example NUS-DD-26-02 returned 1.93% Cu over 1.6 m true thickness (3.59% Cu over 0.8 m), and one hole had no intervals above cut-off. A deep hole (NUS-DD-26-07) hit 1.39% Cu over 3.7 m at about 917 m, adding to the April deep results. The company says the resource estimate will be updated and the mine design optimized, building on the April 2026 feasibility study. The release also extends the Outside The Box Capital marketing engagement to November 8, 2026 with a further US$175,000 cash payment (subject to TSXV acceptance, no shares), continuing the March engagement; it also mentions a Winning Media LLC agreement whose terms were cut off in the text provided.
Blue Moon laid out its 2026 plan for the Springer tungsten project in Nevada, bought from GOODS LG in February: a 67,000-metre diamond drill program (7,000 m in phase 1, about 60,000 m in phase 2) with Geotech Drilling Services, starting in the first half of August with two rigs and finishing by Q1 2027. It is also re-logging 18,000 m of old General Electric core (7,154 m done) and says early logging suggests skarn may be only 12% of the mineralized material, with a granodiorite hosting extra veins; assays are pending and an intrusion-related gold system is only a possibility. The company links the work to its Q4-2027 production target; the filing gives no cost figure for the program.
A 100 kg bulk sample from the Apex mine in Utah, acquired from Teck in March, assayed 0.180% germanium, 0.0273% gallium and 1.96% copper. The company says the sample is selective and not necessarily representative of the average grade. It is exploring direct shipping ore sales, with mine permitting targeted for Q2-2027 and possible DSO start as soon as Q3-2027, and says it has received unsolicited interest from several users and producers. The company notes recent price increases for germanium and gallium and cites Fastmarkets spot prices of $10,500/kg and $2,650/kg as of June 26, 2026. Metallurgical testing continues, and the historical resource estimates remain unvalidated.
Blue Moon furnished an NI 43-101 feasibility study technical report on the Nussir project in Norway, dated April 16, 2026. The cover filing contains no figures or conclusions from the study; the later June 24 release refers to it as the 'April 2026 Feasibility Study'.
