Blue Moon Metals Inc. announced on September 26, 2025, a public "bought deal" offering of common shares, with Scotia Capital Inc. and Canaccord Genuity Corp. acting as joint bookrunners, alongside Cormark Securities Inc., Haywood Securities Inc., and Fearnley Securities AS. The offering was priced at $3.30 per share, established through arm’s length negotiations with reference to prevailing market prices.

The offering closed on October 1, 2025, resulting in the issuance of 26,220,000 common shares, including the full exercise of the underwriters’ over-allotment option. This generated aggregate gross proceeds of $86,526,000. The underwriters received a total commission of $5,191,560, and after deducting fees and estimated expenses, net proceeds are expected to be approximately $80.9 million.

Proceeds from the offering will be used to advance the development and exploration of the Blue Moon Property in California, the Nussir Property in Norway, and the NSG project, as well as for working capital and general corporate purposes. Legal counsel for Blue Moon was Bennett Jones LLP, while Blake, Cassels & Graydon LLP represented the underwriters. The offering was completed pursuant to a prospectus supplement dated September 26, 2025, and remains subject to final approval by the TSX Venture Exchange. No new insiders or control persons were created as a result of the offering.