Blue Moon Metals Closes Previously Announced Acquisition of the Gage Project Located in Washington County, Southern Utah and Appoints Reza Ehsani as Senior Vice President, Projects
Blue Moon Metals Closes Previously Announced Acquisition of the Gage Project Located in
Washington County, Southern Utah and Appoints Reza Ehsani as Senior Vice President,
Projects
TORONTO, April 2, 2026 /CNW/ - Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV:
MOON) (NASDAQ: BMM) successfully closed its previously announced acquisition of the Gage Project
(the "Gage Project"), located in Washington County, Southern Utah, USA, from Liberty Gold USA Inc.
("Liberty Gold USA") a subsidiary of Liberty Gold Corp. ("Liberty Gold") as described in the press
release on March 18, 2026 (the "Acquisition").
In connection with the closing of the Acquisition, Blue Moon wishes to highlight the following:
• The Acquisition is at arms' length between the Company and Liberty Gold USA with no finders
fees being paid on the Acquisition.
• The Gage Project consists of 181 unpatented mining claims located on Bureau of Land
Management lands and two Utah School and Institutional Trust Lands Administration ("SITLA")
leases, for a total area of 5,916 hectares.
• As part of the Acquisition, Blue Moon issued 420,935 common shares of Blue Moon to Liberty
Gold.
• As part of the Acquisition, Blue Moon assumes a 4.0% production royalty in respect of the SITLA
leases for non-fissionable materials mined which increases to 8.0% for fissionable materials.
• As part of the Acquisition, Blue Moon granted a 2.0% net smelter returns royalty on mineral
production from the claims in the Gage Project, excluding the land subject to SITLA leases, in
favour of Liberty Gold USA, with an option in favour of the Company to repurchase 1.0% of the
NSR at any time prior to achieving commercial production for a cash payment of US$2 million.
Appointment of Reza Ehsani to Senior Vice President, Projects
The Company is pleased to announce the appointment of Reza Ehsani as Senior Vice President,
Projects. Mr. Ehsani has been with the Company over the past year, where he has played a key role in
advancing the Company's project portfolio and supporting critical development initiatives. Mr. Ehsani is
a seasoned project executive with over 29 years of experience across the mining and metals, oil and
gas, and infrastructure sectors. He has led the delivery of complex projects from early-stage studies
through EPCM and construction, managing large, multidisciplinary teams. His experience spans project
execution, contract negotiation, stakeholder and regulatory engagement, and full lifecycle cost and risk
management.
"We are pleased to announce Mr. Ehsani's appointment to Senior Vice President, Projects," said
Christian Kargl-Simard, CEO of Blue Moon. "Over the past year, Reza has been instrumental in
advancing our project pipeline, and this appointment reflects both his contributions to date and the
critical role he will continue to play as we move into the next phase of development. His technical
expertise and execution-focused approach will be key as we progress our projects toward construction
and operations."
About Blue Moon
Blue Moon is advancing 5 brownfield polymetallic projects, including the Nussir copper-gold-silver
project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-
copper project in the United States, the Springer tungsten-molybdenum project in the United States and
the Apex germanium-gallium-copper project in the United States. All 5 projects are well located with
existing local infrastructure including roads, power and historical infrastructure. Zinc, copper and
tungsten are currently on the USGS and EU list of metals critical to the global economy and national
security and germanium and gallium are also on the USGS list of critical metals. Major shareholders
include Teck Resources Limited, funds managed by Oaktree Capital Management, Hartree Partners
LP, Wheaton Precious Metals Corp, Altius Minerals Corporation, Baker Steel Resources Trust, LNS
and Monial AS. More information is available on the Company's website (www.bluemoonmetals.com).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information (collectively
"forward-looking information") within the meaning of applicable Canadian and United States securities
laws. All statements included herein, other than statements of historical fact, may be forward-looking
information and such information involves various risks and uncertainties. Forward-looking information
is often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue",
"estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might",
"should", "believe" and similar expressions.
Without limiting the generality of the foregoing, this news release contains forward looking information
pertaining to the following: the expected benefits and synergies from the Acquisition; the potential of the
Gage Project; the continued testing, exploration, mining and advancement of Blue Moon's operations
across multiple jurisdictions; the contributions of the executive team of the Company and other matters
ancillary or incidental to the foregoing.
A number of risks, uncertainties and other factors could cause actual results and events to differ
materially from those expressed or implied in the forward-looking information or could cause the
Company's current objectives, strategies and intentions to change. These risks and uncertainties
include but are not limited to: risks associated with the integration of the Gage Project operations; risks
associated with mining operations in Utah; regulatory and permitting risks at the state and federal level
including with respect to the development of the Gage Project; and management's ability to anticipate
and manage the factors and risks referred to herein. A comprehensive discussion of other risks that
impact Blue Moon can also be found in its public reports and filings which are available at
www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at
www.sec.gov.
The forward-looking information is based on certain key expectations and assumptions made by Blue
Moon's management, including but not limited to: expectations concerning prevailing commodity prices;
the ability to obtain, renew and extend permits as required; estimates of reserves and resources at
various sites; and the integration of the Gage Project operations.
Any forward-looking information contained in this news release represents management's current
expectations and is based on information currently available to management and is subject to change
after the date of this news release. Accordingly, the Company warns investors to exercise caution when
considering statements containing forward-looking information and that it would be unreasonable to rely
on such statements as creating legal rights regarding the Company's future results or plans.
The Company cannot guarantee that any forward-looking information will materialize and readers are
cautioned not to place undue reliance on this forward-looking information. Except as required by
applicable securities laws, the Company is under no obligation to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise, except as expressly
required by law. All of the forward-looking information in this news release is qualified by the cautionary
statements herein.
For further information: Blue Moon Metals Inc., Christian Kargl-Simard, CEO and Director, Phone: (416)
230 3440, Email: [email protected]