Blue Moon Metals announced October 30 that it and the seller mutually terminated a proposed acquisition of 33 tungsten and antimony projects in the western United States.
The proposed transaction had been announced August 11 and was governed by an August 10 letter agreement. Blue Moon said the termination followed that agreement’s terms. It did not disclose a new purchase agreement replacing the canceled transaction or give a detailed reason for ending it.
The announcement concerns a proposed portfolio acquisition, rather than the closure of 33 operating mines. The company described the assets as projects owned by a private seller.
Separately, Blue Moon said its previously announced corporate continuance from British Columbia to Ontario was completed October 23. That earlier corporate event is background to the October 30 acquisition announcement, not a new October 30 relocation.
Shareholders approved the continuance and new corporate articles and bylaws at a July 30 meeting, according to the company. Blue Moon said the new documents replace its previous governing articles and would be available through its SEDAR+ issuer profile.
The company continues to describe a separate portfolio of six brownfield polymetallic projects in Norway and the United States. The termination announcement does not say those existing projects were sold or abandoned.
Sources: Blue Moon Metals’ October 30 termination and corporate-continuance announcement.