- Blue Moon Metals (BMOOF, Financial) completed the first blast at Nussir Mine ahead of schedule.
- A 2,500-meter decline will be developed for extensive underground exploration.
- The final investment decision for the Nussir Mine is expected in 2026.
Blue Moon Metals Inc. (BMOOF) has successfully commenced its underground construction at the Nussir Mine in Norway, significantly ahead of schedule with the completion of the first blast on the access portal on June 12, 2025. This milestone marks a crucial step in the company's ongoing efforts to establish itself as a pivotal supplier of critical metals in Europe.
The mining contractor, Leonhard Nilsen & Sonner AS (LNS), will oversee the development of a 2,500-meter decline to facilitate extensive underground exploration. This phase, planned over the next year, aims to collect essential engineering data supporting a final investment decision anticipated in 2026. This strategic move is geared towards addressing Europe's copper supply needs, with Blue Moon Metals positioning itself as a key player in the region's critical metals market.
The Nussir project is part of Blue Moon Metals' portfolio, which includes other polymetallic projects in the United States and Norway. These endeavors are supported by existing local infrastructure, aligning with both U.S. and E.U. priorities on metals critical to the global economy and national security. CEO Christian Kargl-Simard highlighted this achievement as a pivotal chapter in the Nussir Mine's development, enhancing Blue Moon's potential to significantly impact Europe's copper supply landscape.
