Blue Moon Metals receives permits fron Norwegian Environmental Agency

Blue Moon Metals (BMOOF) announced the receipt of environmental permits for its planned activities from the Norwegian Environmental Agency and the awarding of a contract to Fauskebygg for the extension of its Rupsi tunnel at Nye Sulitjelma Gruver. The extension will facilitate more efficient and effective exploration drilling of the Rupsi/Dypet deposits. This work represents a major milestone for the Sulitjelma Project as Blue Moon plans to complete a 10,000 m exploration drilling program from the tunnel with the intent to upgrade the resource from the Inferred category to Indicated category, expand on the current resource and gather geotechnical and metallurgical data. The Rupsi Deposit currently has an Inferred Resource of 9.258 Mt at 1.19% Cu and 0.31% Zn as summarized in an NI 43-101 Technical Report on The Mineral Resources of the Sulitjelma Project, Norway, by Adam Wheeler and dated May 20. Blue Moon undertook a limited formal request for proposal process to select a contractor from within Norway. The proposal from Fauskebygg was well aligned with key priorities for health & safety, local employment, cost, and performance. Activities will commence late Q3-2025 with completion expected Q3-2027. The associated exploration drilling program will progress concurrently with tunnel advancement. In addition to drilling, the exploration program includes geological mapping, soil and core geochemistry analysis, geophysical surveys, and relogging of historical drill core to further refine the geological model and optimize drill targeting.