Global Infrastructure SherpaBlue Moon Metals acquires Apex Germanium and Gallium Mine from Teck American
Blue Moon Metals Inc. has closed the acquisition of the Apex Mine from Teck American Incorporated, a subsidiary of Teck Resources Limited. The Apex Mine is known for its germanium and gallium deposits, critical minerals used in various high-tech applications. This acquisition expands Blue Moon's portfolio in the critical minerals sector, aligning with growing demand for these strategic resources. The financial terms of the transaction were not disclosed in the article.
Counterparts (3)
Subscribe to access full counterpart details, deal analysis, and timeline.
Subscribe from €20/mo →Deal Analysis
- Blue Moon Metals, primarily focused on its polymetallic Blue Moon Project in California, acquired an operating mine in Nevada.
- The Apex Mine specifically contains germanium and gallium deposits, critical minerals for high-tech applications.
- Teck American Incorporated, a U.S. subsidiary of Teck Resources Limited, divested the Apex Mine.
- Teck Resources Limited, with approximately 11,000 employees, primarily focuses on copper, zinc, and steelmaking coal.
- The financial terms of the acquisition, announced on 2026-03-16, were not disclosed.
Source Intelligence
The acquisition closed on March 16, 2026. The Transaction is at arms' length between Teck and the Company and no finders fees are being paid on the Transaction. The Apex mine consists of 24 patented claims and 9 unpatented claims. Blue Moon is granting a 0.5% net smelter returns royalty in favour of Teck on the Property. Blue Moon has entered into an investor rights agreement in favour of Teck, which includes, among other things, equity participation rights, top-up rights and information rights. Blue Moon is assuming a 3.0% NSR royalty obligation on the Apex Mine claims. Blue Moon has received TSX-V approval for the Transaction. Quotes: "TORONTO , March 16, 2026 /PRNewswire/ - Blue Moon Metals Inc. ... is pleased to announce that we have closed the acquisition of the Apex Mine", "The Transaction is at arms' length between Teck and the Company and no finders fees are being paid on the Transaction.", "The Apex mine consists of 24 patented claims (rather than 26 indicated in the February 27, 2026 press release), and 9 unpatented claims.", "As part of the Transaction, Blue Moon is granting a 0.5% net smelter returns royalty in favour of Teck on the Property.", "As part of the Transaction, Blue Moon has entered into an investor rights agreement in favour of Teck, which includes, among other things, equity participation rights, top-up rights and information rights.", "As part of the Transaction, Blue Moon is assuming a 3.0% NSR royalty obligation on the Apex Mine claims.", "Blue Moon has received TSX-V approval for the Transaction."
"Blue Moon Metals Inc. (" Blue Moon " or the " Company ") (TSXV: MOON) (NASDAQ: BMM ) is pleased to announce that we have closed the acquisition of the Apex Mine (the " Property ") from Teck American Incorporated"
"from Teck American Incorporated, a subsidiary of Teck Resources Limited (" Teck ")"
"a subsidiary of Teck Resources Limited (" Teck ")"
"Teck has been issued 7,031,959 common shares of Blue Moon representing 8.0% of Blue Moon's issued and outstanding common shares on an undiluted basis."
Timeline
Get the full picture — timeline, source intelligence, and counterpart analysis.
Subscribe from €20/mo →