Blue Moon Metals Closes Previously Announced Acquisition of the Gage Project Located in Washington County, Southern Utah and Appoints Reza Ehsani as Senior Vice President, Projects
TORONTO, April 2, 2026 /CNW/ – Blue Moon Metals Inc. (“Blue Moon” or the “Company“) (TSXV: MOON) (NASDAQ: BMM) successfully closed its previously announced acquisition of the Gage Project (the “Gage Project“), located in Washington County, Southern Utah, USA, from Liberty Gold USA Inc. (“Liberty Gold USA“) a subsidiary of Liberty Gold Corp. (“Liberty Gold“) as described in the press release on March 18, 2026 (the “Acquisition“).
In connection with the closing of the Acquisition, Blue Moon wishes to highlight the following:
-
The Acquisition is at arms’ length between the Company and Liberty Gold USA with no finders fees being paid on the Acquisition.
-
The Gage Project consists of 181 unpatented mining claims located on Bureau of Land Management lands and two Utah School and Institutional Trust Lands Administration (“SITLA“) leases, for a total area of 5,916 hectares.
-
As part of the Acquisition, Blue Moon issued 420,935 common shares of Blue Moon to Liberty Gold.
-
As part of the Acquisition, Blue Moon assumes a 4.0% production royalty in respect of the SITLA leases for non-fissionable materials mined which increases to 8.0% for fissionable materials.
-
As part of the Acquisition, Blue Moon granted a 2.0% net smelter returns royalty on mineral production from the claims in the Gage Project, excluding the land subject to SITLA leases, in favour of Liberty Gold USA, with an option in favour of the Company to repurchase 1.0% of the NSR at any time prior to achieving commercial production for a cash payment of US$2 million.
Appointment of Reza Ehsani to Senior Vice President, Projects
The Company is pleased to announce the appointment of Reza Ehsani as Senior Vice President, Projects. Mr. Ehsani has been with the Company over the past year, where he has played a key role in advancing the Company’s project portfolio and supporting critical development initiatives. Mr. Ehsani is a seasoned project executive with over 29 years of experience across the mining and metals, oil and gas, and infrastructure sectors. He has led the delivery of complex projects from early-stage studies through EPCM and construction, managing large, multidisciplinary teams. His experience spans project execution, contract negotiation, stakeholder and regulatory engagement, and full lifecycle cost and risk management.
“We are pleased to announce Mr. Ehsani’s appointment to Senior Vice President, Projects,” said Christian Kargl-Simard, CEO of Blue Moon. “Over the past year, Reza has been instrumental in advancing our project pipeline, and this appointment reflects both his contributions to date and the critical role he will continue to play as we move into the next phase of development. His technical expertise and execution-focused approach will be key as we progress our projects toward construction and operations.”
