Blue Moon Metals and Alpha Future Funds to Merge Norwegian Mining Assets

The transaction, valued at US$15 million, grants Blue Moon a 30% stake in the combined company through the issuance of new VMS shares. By integrating the two subsidiaries, the partners aim to streamline operations across the Sulitjelma district, which historically produced over 470 kilotonnes of copper and 130,000 ounces of gold. The site benefits from existing infrastructure and access to clean hydropower, providing a foundation for modern, sustainable extraction.

Closing of the acquisition, expected around November 30, 2026, depends on several conditions, including the successful raising of at least C$10 million in new capital and a public listing of the combined entity. Christian Kargl-Simard, CEO of Blue Moon, described the move as a way to advance a significant brownfield asset with a strategic partner. Benedikt Sobotka, principal of Alpha Future Funds, noted that the merger is intended to accelerate feasibility studies and expand exploration of high-grade zones to bring the site back into production.