Blue Moon Metals has approved construction of the US$184 million Nussir underground copper-gold-silver mine in northern Norway, designed for 6,000 tonnes per day over a 13-year life, with first concentrate production targeted in Q3 2027 and supported by existing 132‑kV renewable power and an ice-free port at the Øyen industrial site. A C$150 million equity raise and a US$140 million project finance package will fund Nussir, expected to produce about 19,000 tonnes of copper in concentrate annually and generate US$77–125 million in free cash flow per year. In parallel, the company plans a roughly US$50 million restart of the Springer tungsten mine, mill and ammonium paratungstate circuit in Nevada by Q4 2027, aiming to produce 107,000–124,000 tonnes of concentrate despite relying on historical (2012) tungsten trioxide resource estimates.

Trump has signed H.J.Res. 140 to overturn Biden’s 2023 twenty‑year ban on mining and geothermal leasing across 225,000 acres (91,200 ha) of Superior National Forest in Cook, Lake and Saint Louis counties, Minnesota. The decision clears the way for reissuing federal mining leases and materially advances Antofagasta’s long‑stalled Twin Metals underground copper‑nickel‑cobalt‑PGM project on public land near the Canadian border. Under the 1996 Congressional Review Act, a future administration cannot easily reinstate an equivalent blanket withdrawal, reducing regulatory risk for large greenfield projects in the Duluth Complex.

Gold could reach $8,000/oz within five years if bullion’s share of global central bank reserves rises from 30% to 40% amid accelerating de-dollarisation, according to a Deutsche Bank simulation. Central banks have added over 225 million oz of gold since 2008 while cutting US dollar holdings from above 60% to about 40%, with buying now extending beyond China, Russia, India and Turkey to Kazakhstan, Saudi Arabia, Qatar, Egypt and the UAE. For miners and project developers, such a price scenario would materially improve project economics and justify higher cut-off grades and longer mine lives.