Blue Moon’s 33 tungsten–antimony projects: portfolio and processing lens for engineers
Reviewed by Tom Sullivan

First reported on MINING.com
30 Second Briefing
Blue Moon Metals is acquiring 33 tungsten and antimony projects on BLM and Forest Service lands in the western U.S. in a US$20.5 million cash-and-shares deal, adding a 1% NSR royalty and annual holding costs of about US$162,000. The portfolio includes historic high-grade tungsten assets such as the Oregon mine in Colorado (5,000 tonnes at 14.51% WO₃) and Wildhorse Canyon in Idaho (7,461 tonnes at 0.62% WO₃) as potential direct-shipping feed to the Springer processing complex in Nevada, plus five antimony projects grading 2–10% stibnite, marking Blue Moon’s first move into antimony.
Technical Brief
- Consideration totals US$20.5 million, split as ~US$15.5 million in 2.8 million shares plus ~US$5 million cash.
- Portfolio sits on Bureau of Land Management and U.S. Forest Service ground across multiple western states.
- Springer complex in north-western Nevada is one of very few tungsten processing plants in North America.
- Oregon mine in Colorado historically produced 5,000 tons at 14.51% WO₃ between 1907 and 1929.
- Wildhorse Canyon mine in Idaho historically produced ~7,461 tons at 0.62% WO₃ during the 1950s.
- Five antimony projects in the package historically report high-grade stibnite mineralisation in the 2–10% range.
- A 1% net smelter return royalty is attached to each of the 33 individual projects.
- Annual aggregate holding costs for the full portfolio are reported at about US$162,000 per year.
- United States Antimony’s Thompson Falls plant in Montana is currently the only operating antimony smelter in the U.S.
Our Take
In our database, Blue Moon Metals’ recent acquisition of Teck American’s Apex gallium‑germanium mine in Utah and the Nussir copper‑gold‑silver project in Norway suggests a deliberate build‑out of a diversified critical‑minerals portfolio, with tungsten and antimony now added to earlier gallium, germanium and copper positions.
United States Antimony’s ongoing operations at the Thompson Falls plant in Montana, highlighted in a separate piece on its Stibnite Hill restart, mean Blue Moon is acquiring assets tied into an existing US antimony processing footprint, which could ease near‑term offtake or toll‑treating options if any of the 33 projects advance quickly.
With China accounting for over 80% of global tungsten production, the clustering of tungsten, antimony, gallium and germanium deals around Blue Moon in recent coverage points to the company positioning itself as a North American and European alternative supplier across several US‑ and EU‑listed critical minerals rather than a pure copper‑gold producer.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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