By Amira McKee
Blue Moon Metals is acquiring a Utah germanium, gallium and copper mine from a Teck Resources Limited subsidiary.
Blue Moon Metals said Friday that Teck American, a subsidiary of Teck Resources Limited, agreed to transfer the past-producing Apex germanium, gallium and copper mine to the minerals company. The deal will support an integrated pipeline of U.S. critical mineral projects to secure North American supply, the company said.
The transaction builds on Blue Moon Metal's relationship with key shareholder Hartree Partners LP, a partner with the U.S. government on their recently announced $12 billion critical metals stockpile, the company said.
Under the transaction terms, Blue Moon will issue 7 million common shares to Teck, representing 8% of Blue Moon's outstanding shares. Teck will receive a 0.5% net smelter returns royalty on the property, life of mine zinc concentrate offtake rights for Blue Moon's mine in California and marketing rights for products produced from Apex.
Blue Moon Metals Chief Executive Officer Christian Kargl-Simard said the two companies will serve as logistical partners, leveraging combined infrastructure and financing to advance domestic critical metals projects.
Write to Amira McKee at amira.mckee@wsj.com
(END) Dow Jones Newswires
February 27, 2026 17:08 ET (22:08 GMT)
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