04:21 PM EDT, 10/14/2025 (MT Newswires) -- Blue Moon Metals ( BMOOF ) gained 20% and hit fresh 52 week highs Tuesday on news it had entered into a memorandum of understanding on Friday with Goods LG LLC to acquire the Springer mine, mill, and related infrastructure in Pershing County, Nevada.

The agreement gives Blue Moon exclusive rights to pursue the transaction in exchange for a non-refundable cash payment of US$500,000. Finalizing the deal is subject to several conditions, including the negotiation of a definitive agreement and extensions of certain water rights needed to operate the mill, the company said.

Assuming all conditions precedent are met, the transaction is expected to close over the following months.

"The acquisition of the Mill opens up a huge opportunity for the company to develop smaller higher-grade mines covering the critical minerals space, including base metals, antimony and tungsten in the US," Chief Executive Christian Kargl-Simard said.

In connection with the transaction and the company's growing U.S. asset base, Blue Moon also announced plans to apply for a listing on the Nasdaq Capital Market, with the listing anticipated to be completed in the first quarter of 2026, according to the statement.

"The decision to apply and list on the NASDAQ is a critical step in our growth strategy focusing on the critical metals supply chain, while rapidly advancing the company. Recently our liquidity has been larger on many days on the OTCQX than our TSXV listing, so this is just a natural progression," Kargl-Simard added.

Shares of Blue Moon Metals ( BMOOF ) closed up near 20% at $4.08, having touched $4.38.