Blue Moon, The Elmet Group, and EQ Resources Announce a US$150-$175 Million Investment into the Springer Tungsten Complex, Nevada, to Strengthen the U.S. Tungsten Supply Chain

Impact · against what's priced in

The binding agreement and US$150-175 million investment create a tangible path to production for the Springer Tungsten Complex, significantly benefiting Blue Moon Metals and The Elmet Group through strategic alignment and funding. While the lack of NI 43-101 verified resources remains a technical risk, the scale of the investment and the defined timeline for production in 2027-2028 act as strong positive catalysts.

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