Blue Moon Sells Norway Unit to ACG Metals for US$220M in Shares
TORONTO – November 03, 2026 -- Blue Moon Metals (TSXV: MOON; NASDAQ: BMM) agreed to sell 100% of Blue Moon Norway AS to London-listed ACG Metals in an all-share transaction valued at US$220 million, shedding the construction-stage Nussir copper mine to refocus on its U.S. critical metals assets.
The deal also covers the exploration-stage NSG property. ACG will issue Class A Ordinary Shares at an implied value of £18.70 per share, based on the 30-day VWAP. The price is subject to post-closing net debt, working capital, intercompany and other customary adjustments, which will be settled in cash.
Blue Moon to hold 27.6% of ACG on a basic basis
Blue Moon expects to receive about 8,853,632 ACG shares, equal to 27.6% of ACG on a basic basis and 21.8% fully diluted. It has accepted a six-month lockup. The parties will work to distribute the shares to Blue Moon shareholders within 12 months of closing.