News: Suppliers
20 March 2026
Blue Moon to acquire Gage Project from Liberty Gold
Blue Moon Metals Inc of Toronto, ON, Canada has agreed to acquire the Gage Project in Washington County, Southern Utah, USA, from a subsidiary of Liberty Gold Corp in exchange for 420,935 common shares of Blue Moon and a 2.0% net smelter return royalty (NSR) on certain concessions.
“Post the acquisition of the Apex Mine from Teck Resources that closed on 16 March, this acquisition bolsters our land position around the mine and control of what we believe to be the most important germanium and gallium district in North America,” says Blue Moon’s CEO Christian Kargl-Simard. “The Gage Project contains similar style breccia pipes as at the Apex Mine, which hosts the only historic primary germanium and gallium mine in the western world.”
Gage Project
The Gage Project consists of 181 unpatented mining claims located on Bureau of Land Management lands and two Utah School and Institutional Trust Lands Administration (SITLA) leases, for a total area of 5916 hectares. The lands are located along a north-west trending critical metals belt greater than 5km in length (covering five historic mines and over 20 previously identified critical minerals prospects) and surround the Apex Mine.
The district is considered highly prospective for modern exploration and discovery, including alteration mapping, regional geophysical surveys and drill-testing at depth. No modern exploration has been conducted on the other mapped breccia pipes (10 mapped) or regional prospects (nine mapped), in addition to numerous other areas not yet discovered. Previous drilling (1980, Musto) was focused on only a 600-foot vertical section of a single breccia pipe, and it is estimated that up to 10 pipes may be present, with many more regionally.
Transaction terms
Key condition precedent to completion of the acquisition is approval from the TSX Venture Exchange (TSXV). A purchase and sale agreement has been executed by Liberty Gold and Blue Moon, and completion is expected to occur by the end of March. No finders’ fees are being paid on this acquisition.
Blue Moon to acquire Apex germanium and gallium mine from Teck
