Blue Moon Metals has approved construction of its Nussir copper-gold-silver mine in northern Norway and moved toward restarting the Springer tungsten mine in Nevada, pairing a final investment decision with a C$150 million equity raise as the company shifts from developer to builder across two continents
The Nussir project, located approximately 1,400 kilometres north of Oslo, locks in a 13-year mine plan for a 6,000-tonne-per-day underground operation with first production targeted for the third quarter of 2027 Total construction capital of $184 million will be funded through the equity raise alongside cash and undrawn capacity from the company's existing $140 million project financing package
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Source and Credit: mining.com
