Blue Moon Metals Partners with Worley for Nussir Project Feasibility Study

Blue Moon Metals ( (TSE:MOON) ) has provided an update.

Blue Moon Metals has selected Worley Limited to conduct a NI 43-101 Feasibility Study and advance basic engineering for its Nussir project in Norway. This partnership aims to update the existing feasibility study, incorporate innovations in mine design, and optimize project outcomes, positioning Blue Moon to move forward with equipment purchases and construction decisions.

The most recent analyst rating on (TSE:MOON) stock is a Buy with a C$4.50 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 TSE:MOON Stock

According to Spark, TipRanks’ AI Analyst, TSE:MOON is a Underperform.

Blue Moon Metals is currently struggling with financial stability due to its pre-revenue status and reliance on financing, which significantly impacts its overall score. Despite positive technical indicators and strategic corporate developments, the lack of earnings and traditional valuation metrics pose substantial risks for investors.

To see Spark’s full report on TSE:MOON stock, click here.

More about Blue Moon Metals

Blue Moon Metals Inc. is engaged in advancing three brownfield polymetallic projects, including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, and the Blue Moon zinc-gold-silver-copper project in the United States. These projects are strategically located with existing infrastructure, and the company focuses on metals critical to the global economy and national security.

YTD Price Performance: -18.05%

Average Trading Volume: 40,371

Technical Sentiment Signal: Buy

Current Market Cap: C$173M

Find detailed analytics on MOON stock on TipRanks’ Stock Analysis page.