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Stock impact report

Blue Moon Metals (BMM) Finalizes Acquisition of Apex Mine From Teck Resources [Yahoo! Finance]

Blue Moon Metals Inc. - Common Shares (BMM) 
Company Research Source: Yahoo! Finance
to analysts . On March 16, Blue Moon Metals finalized the acquisition of the Apex Mine from Teck American Incorporated, which is a subsidiary of Teck Resources Limited. Following the initial announcement in February, the transaction received TSX-V approval and resulted in Teck holding an 8.0% undiluted interest in Blue Moon through the issuance of over 7 million common shares. The acquired property consists of 24 patented and 9 unpatented claims focused on germanium and gallium production. As part of the closing terms, Blue Moon granted Teck a 0.5% net smelter returns/NSR royalty on the property and assumed an existing 3.0% NSR royalty obligation. Additionally, both parties entered into an investor rights agreement that provides Teck with equity participation, top-up, and information rights. The companies also established a life-of-mine zinc off-take agreement for the Blue Moon Mine, with terms and treatment charges set according to current industry benchmarks. Blue Moon Metals (B Show less Read more
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