Project UpdateJun 29, 2026, 08:46 AM
Blue Moon Reports High-Grade Germanium, Gallium, Copper Assays
AI Summary
Blue Moon Metals Inc. announced high-grade assay results from its maiden bulk sample at the recently acquired Apex germanium-gallium-copper mine in Utah. The 100 kg sample showed 0.180% germanium, 0.0273% gallium, and 1.96% copper. The company plans to proceed with metallurgical testing and is exploring direct shipping ore (DSO) options, targeting mine permitting completion by Q2-2027 and potential DSO operations by Q3-2027.
Key Highlights
- Maiden bulk sample from Apex mine assayed 0.180% germanium, 0.0273% gallium, and 1.96% copper.
- Apex mine was acquired from Teck Resources Limited on March 16, 2026.
- Current spot prices (June 26, 2026) are $10,500/kg for germanium and $2,650/kg for gallium.
- Company is exploring direct shipping ore (DSO) sales due to high-grade mineralization.
- Targeting Q2-2027 for completion of mine permitting.
- Discussions for contract mining have begun, aiming for Q3-2027 DSO start.
- Apex could potentially supply nearly 100% of domestic U.S. germanium demand at 150 tpd.
Price Impact
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