Blue Moon Metals, Elmet Group, EQ Resources form JV to restart Nevada APT tungsten plant with up to US$175 million investment

• Blue Moon Metals signed a binding agreement with Elmet Group, EQ Resources to form a joint venture to own, operate the Springer APT plant.
• Elmet targets a total US$150 million investment tied to Springer, split between a US$50 million prepayment facility, US$25 million equity, US$75 million JV funding.
• JV ownership set at 70% Elmet, 20% Blue Moon, 10% EQ; Elmet to operate the APT plant.
• Springer mine and mill stay with Blue Moon; concentrate to feed the APT plant under market-based offtake terms.
• Production timeline targets mine and mill restart in Q4 2027; APT plant restart in 2H 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blue Moon Metals Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609140530PR_NEWS_USPR_____TO46611) on September 14, 2026, and is solely responsible for the information contained therein.