Blue Moon Metals acquires Springer Tungsten and Critical Metals Mine and Processing Plant

Blue Moon Metals' acquisition of the Springer tungsten mine and processing plant in Nevada for $18.5 million represents a strategic move to secure tungsten and other critical metals assets within the United States. The acquired assets include fee lands, mineral claims, a historically mined tungsten deposit, and a processing plant equipped with a flotation mill, APT circuit, and autoclave. This acquisition provides Blue Moon Metals with a potentially valuable domestic source of tungsten, a metal deemed critical due to its importance in various industrial and defense applications. The deal is notable for Blue Moon Metals' expansion into tungsten mining and processing, diversifying its portfolio beyond its primary focus on other metals. The presence of Leonhard Nilsen & Sønner AS, a mining contractor, suggests potential involvement in future development or operational activities at the Springer mine. The acquisition of a processing plant with advanced capabilities like an APT circuit and autoclave indicates potential for efficient and value-added processing of the mined materials. This deal underscores the growing interest in securing domestic sources of critical minerals, driven by supply chain concerns and geopolitical considerations.