Blue Moon Announces Trading Resumption and TSXV Tier 1 Graduation
Deal News | Mar 14, 2025 | Globenewswire
Blue Moon Metals Inc. will resume trading on the TSX Venture Exchange on March 14, 2025, following the company's graduation from Tier 2 to Tier 1 status and the consolidation of its shares. Trading was previously halted due to acquisitions of Norwegian companies Nussir ASA and Nye Sulitjelma Gruver AS, finalized on February 26, 2025. The company has also acquired Repparfjord Eiendom AS, including mining and port infrastructure. Blue Moon raised approximately $35.4 million through equity financings to support these endeavors. The graduation to Tier 1 provides benefits including reduced filing requirements. Upon the resumption of trading, Blue Moon will have around 51 million post-Consolidation shares active.
Sectors
- Mining and Metals
- Financial Markets
Geography
- Canada – Blue Moon Metals is a Canadian company, and its shares are traded on the TSX Venture Exchange based in Canada.
- Norway – The acquisitions of mining companies and properties are based in Norway, highlighting its geographical relevance.
Industry
- Mining and Metals – The article discusses Blue Moon Metals, a company involved in the acquisition of mining and associated infrastructure projects, particularly in the polymetallic mining sector.
- Financial Markets – The article involves activities on the TSX Venture Exchange, including share trading resumption and status upgrade of a listed company.
Financials
- $35.4 million – Total amount raised by Blue Moon Metals in its equity financings at $3.00 per share post-Consolidation.
- $4.2 million – Amount contributed by LNS during the equity financing.
- $2.3 million – Additional commitment by LNS pending construction milestones.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blue Moon Metals Inc. | Target Company | Company | A mining company advancing polymetallic projects in Norway and the United States. |
| Nussir ASA | Acquired Company | Company | Norwegian company involved in mining, acquired by Blue Moon Metals. |
| Nye Sulitjelma Gruver AS | Acquired Company | Company | Norwegian mining company acquired by Blue Moon Metals. |
| Repparfjord Eiendom AS | Acquired Company | Company | Norwegian company with mining-related infrastructure, acquired by Blue Moon Metals. |
| Wergeland Eigedom AS | Vendor | Company | Private Norwegian company that sold shares of Repparfjord Eiendom AS to Blue Moon Metals. |
| Leonhard Nilsen & Snner Eiendom AS (LNS) | Mining Contractor | Company | Participated in Blue Moon's equity financing to support its mining projects. |