Blue Moon to acquire Turner copper-gold-zinc VMS deposit with historical zinc resource

Published: Sep 25, 2026 09:58 (GMT+8)

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Blue Moon Metals announced that it has signed a definitive agreement to acquire 100% of the Turner copper-gold VMS deposit in Oregon from Gold Coast Mining. Consideration comprises US$4.7 million in cash, 4,778,761 Blue Moon shares valued at about US$27 million based on the 20-day VWAP, and up to US$7 million in milestones tied to underground exploration/development permitting, mining permits and commercial production. Closing is expected in November 2026, subject to TSX Venture Exchange approval and customary conditions.

Turner is a past-producing Cyprus-type VMS deposit containing copper, gold, zinc, silver and cobalt. Its 2010 historical estimate reported 2.447 million short tons of Indicated material grading 2.65% zinc and 2.084 million short tons of Inferred material grading 2.78% zinc. The company expects permitting for exploration drilling and underground development to take 12–18 months.

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