BMM · Blue Moon Metals Inc.

Blue Moon Metals Inc. has executed a definitive underwriting agreement dated April 29, 2026, establishing a bought deal public offering that provides significant capital influx of C$100 million from 10 million common shares priced at C$10.00 each. The Joint Bookrunners—Scotia Capital Inc., Canaccord Genuity Corp., and ATB Capital Markets Corp.—lead a syndicate including Haywood Securities Inc., Titan Partners Group LLC (division of American Capital Partners, LLC), Maxim Group LLC, and Red Cloud Securities Inc., committing severally to purchase the Base Shares or arrange substituted purchasers. This structure ensures firm commitment financing while allowing flexibility for offshore private placements without additional regulatory burdens on the Corporation. The 13% over-allotment option (1.3 million shares) supports market stabilization and covers underwriter short positions, with exercise notice required 48 hours prior to any Option Closing Date within 30 days of the initial Closing. Commission terms incentivize participation from strategic investors like Teck Resources Limited, Orion Resource Partners, Oaktree Capital Management, Hartree Partners LP, Wheaton Precious Metals, and Altius Minerals Corporation through a reduced 2.5% rate versus the standard 5.0%. Notably, a concurrent private placement of 5 million shares at the same price proceeds independently, diversifying the capital raise. The offering leverages existing shelf prospectuses—a Canadian Base Shelf Prospectus dated September 23, 2025, and U.S. Form F-10 (effective February 20, 2026, File No. 333-293554)—with final prospectus supplements to be filed promptly. This transaction materially strengthens the Corporation's balance sheet, likely funding development of the referenced Apex Project polymetallic deposit in Utah, enhancing investor exposure to germanium, gallium, copper, and silver mineralization.