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Blue Moon Metals Acquires Turner Deposit to Expand U.S. Critical Minerals

Blue Moon Metals has signed a definitive agreement to acquire the Turner copper-gold VMS deposit in O'Brien, Oregon, from Gold Coast Mining. The deal, valued at approximately $31.7 million in cash and shares, aims to integrate the site into the company’s existing hub-and-spoke production model in the Western United States.

Blue Moon Metals Acquires Turner Deposit to Expand U.S. Critical Minerals
Photo: Bio & News

The acquisition includes 634 acres of private land and 15 unpatented mining claims. Blue Moon plans to use the Turner site as a satellite "spoke" for its Springer complex in Nevada, where it intends to establish a new 1,800-ton-per-day mill. CEO Christian Kargl-Simard cited the project's logistical proximity to rail infrastructure and potential for VMS-style mineralization as primary drivers for the expansion. The company anticipates the move will unlock synergies with its existing Blue Moon Mine near Mariposa, California.

While the project holds a historical mineral resource estimate—including 2.447 million tons of indicated material—the company intends to initiate fresh metallurgical and engineering studies to verify viability before proceeding to a Preliminary Economic Assessment. Permitting for exploration and underground development at the Oregon site is expected to span 12 to 18 months. The transaction, which is subject to TSX-V approval, is slated for completion in November 2026, with additional milestone payments contingent on future permitting and commercial production.

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