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Blue Moon Metals ( (TSE:MOON) ) has provided an announcement.
On April 17, 2026, Blue Moon Metals filed a Form 6-K in the United States noting that it had lodged a new NI 43-101 technical report and feasibility study for its Nussir copper project with Canadian securities regulators a day earlier. The report, effective April 14, 2026, confirms the economic viability of the Norwegian project, underpinned by 24.98 million tonnes of proven and probable reserves, and supports a potential final investment decision.
The feasibility work outlines a 13-year mine life at 6,000 tonnes per day throughput, average annual production of 19,000 tonnes of copper equivalent and initial capital costs of $184 million, delivering an after-tax NPV of $235 million and a 19% IRR at consensus metal prices. Blue Moon has already begun early site works, advanced an exploration decline, and purchased key long-lead processing equipment, while securing an extended operating licence in Norway, signalling a transition from study to pre-construction that could materially reshape its production profile if fully funded and built.
The most recent analyst rating on (TSE:MOON) stock is a Buy with a C$12.50 price target. To see the full list of analyst forecasts on Blue Moon Metals stock, see the TSE:MOON Stock Forecast page.
Spark’s Take on MOON Stock
According to Spark, TipRanks’ AI Analyst, MOON is a Neutral.
The score is primarily held down by very weak financial performance (pre-revenue, sharply widening losses, and substantial cash burn), partially offset by strong technical momentum (price well above major moving averages with positive MACD, though RSI is overextended). Valuation remains challenged due to ongoing losses and no dividend support.
To see Spark’s full report on MOON stock, click here.
More about Blue Moon Metals
Blue Moon Metals Inc., a foreign private issuer listed in the United States and based in Toronto, operates in the mining and mineral development industry with a focus on copper and precious metals projects. The company’s flagship asset is the Nussir copper project in northern Norway, where it holds key extraction and operating licences and is advancing the asset from an exploration-stage decline toward potential production.
Average Trading Volume: 224,422
Technical Sentiment Signal: Buy
Current Market Cap: C$690.2M
See more data about MOON stock on TipRanks’ Stock Analysis page.