Blue Moon to Acquire Apex Mine from Teck for Critical Mineral Development
Blue Moon Metals is acquiring the Apex germanium and gallium mine in Utah from Teck Resources Limited to enhance its critical mineral projects in North America. The deal aims to integrate the supply chain for U.S. critical metals, leveraging both companies' infrastructure. Blue Moon will issue 7 million common shares to Teck and provide a 0.5% net smelter returns royalty on the property. The acquisition supports ongoing projects at Blue Moon's mines in California, Utah, and Nevada.
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Blue Moon Metals is set to acquire the Apex germanium and gallium mine in Utah from Teck Resources Limited, enhancing its pipeline of critical mineral projects in North America. The agreement involves Blue Moon issuing 7 million common shares to Teck and granting a 0.5% net smelter returns royalty on the property.
This transaction aims to leverage the combined infrastructure for advancing U.S. critical metals projects, particularly in California, Utah, and Nevada. The Apex mine previously produced significant quantities of gallium and germanium, and Blue Moon plans to integrate processing capabilities at its Springer complex in Nevada. The deal is expected to close in March 2026, pending regulatory approvals.
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