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An update from Blue Moon Metals ( (TSE:MOON) ) is now available.
Blue Moon Metals plans its largest-ever drilling campaign in 2026, with an estimated 35,000 to 45,000 meters of diamond drilling across four projects in the U.S. and Norway to advance copper, zinc, gold, silver, tungsten, molybdenum, platinum, palladium and barite targets. The program includes infill and step-out work aimed at upgrading resources, expanding mineralized zones and strengthening its pipeline of copper and critical metals projects.
At the Nussir copper-gold-silver project in Norway, the company will conduct about 3,000 meters of surface infill drilling and 7,000 meters of underground drilling to tighten spacing in the eastern resource area and test deeper copper-rich zones, alongside a 4,000‑meter directional program to potentially expand the resource at depth. At the Blue Moon polymetallic project in California, an ongoing 16,000‑meter program targets tighter drill spacing to support converting inferred resources to indicated, laying groundwork for more detailed technical studies and potential project advancement.
The most recent analyst rating on (TSE:MOON) stock is a Hold with a C$7.00 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 TSE:MOON Stock
According to Spark, TipRanks’ AI Analyst, TSE: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 TSE:MOON stock, click here.
More about Blue Moon Metals
Blue Moon Metals is a Toronto-based exploration and development company focused on a diversified portfolio of critical and base metals projects in the United States and Norway. Its core assets include the Nussir copper-gold-silver project in Norway, the Blue Moon polymetallic zinc-copper-gold-silver project in California, and tungsten and other critical metals interests, positioning it to benefit from demand for energy-transition and strategic minerals.
Average Trading Volume: 120,007
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$313M
For an in-depth examination of MOON stock, go to TipRanks’ Overview page.