TSX-V-listed Blue Moon Metals has entered into a memorandum of understanding (MoU) with Goods LG to acquire the Springer mine and mill complex in Pershing county, Nevada, and has announced plans to list on the Nasdaq capital market in the first quarter of 2026.

Under the terms of the MoU, Blue Moon will acquire the mine, mill and associated mineral processing infrastructure for an undisclosed amount, following satisfaction of several conditions, including the negotiation of a definitive agreement and the extension of certain water rights. In exchange for exclusivity on the property, Blue Moon has paid a non-refundable $500 000 to the seller.

The Springer facility, which historically processed tungsten, features an Ammonium Paratungstate circuit with autoclave and reagent systems. Blue Moon plans to repurpose the mill to process concentrates from critical metals sourced from smaller, high-grade underground mines across the western US, aligning with the country’s drive to reduce reliance on foreign supply chains.

The property hosts a historical mineral resource of 355 000 t at 0.537% tungsten oxide in the indicated category and 1.93-million tons at 0.493% inferred. The mine infrastructure includes a vertical shaft extending to 1 600 ft, along with a headframe and three-compartment hoist.

Blue Moon’s existing mine in California could supply material to the Springer mill, which is about 600 km away by road. The site is located 11 km from a Union Pacific rail spur and previously featured a railway siding that could be reinstated. With ample private land for expansion, existing power infrastructure and several active water rights, the mill is positioned to become a key component in Blue Moon’s proposed hub-and-spoke model.

“The acquisition of the mill opens up a huge opportunity for the company to develop smaller higher-grade mines covering the critical minerals space, including base metals, antimony and tungsten in the US,” said CEO Christian Kargl-Simard.

“The time to be building mines in the US is now, and our team is specifically strong in construction, operations and mine finance. The decision to apply and list on the Nasdaq is a critical step in our growth strategy focusing on the critical metals supply chain, while rapidly advancing the company. Recently our liquidity has been larger on many days on the OTCQX than our TSX-V listing, so this is just a natural progression.”