02:19 PM EDT, 09/04/2025 (MT Newswires) -- Blue Moon Metals ( BMOOF ) , a company advancing three brownfield polymetallic projects, was at last look down 3.5% Thursday afternoon after it closed a US$5 million non-brokered private placement of common shares, the first subscription of a prior announced US$20 million equity commitment.

The non-brokered private placement involves Opps XII BL MN Holdings L.P., a fund managed by Oaktree Capital Management, L.P., while the equity commitment is from funds managed by Oaktree and Hartree Partners, L.P.

Simultaneously, Blue Moon Metals ( BMOOF ) confirmed that it has received conditional approval from the TSX Venture Exchange for a US$25 million arms-length bridge loan, involving Oaktree and Hartree. An initial US$12.5 million draw under the bridge loan From Hartree/Oaktree will be used to advance the flagship Nussir Project In Norway.

Blue Moon Metals ( BMOOF ) shares were last seen down $0.12 to $3.25 on the TSX Venture Exchange.

Price: 3.33, Change: -0.04, Percent Change: -1.19