Blue Moon Metals Inc. (TSXV: MOON) (NASDAQ: BMM) completed its acquisition of the Gage Project in Washington County, Southern Utah, from Liberty Gold USA Inc., a subsidiary of Liberty Gold Corp.

The Gage Project comprises 181 unpatented mining claims on Bureau of Land Management lands and two Utah School and Institutional Trust Lands Administration leases, covering 5,916 hectares total.

As part of the transaction, Blue Moon issued 420,935 common shares to Liberty Gold and assumed a 4.0% production royalty on SITLA leases for non-fissionable materials, which increases to 8.0% for fissionable materials. The company also granted a 2.0% net smelter returns royalty on mineral production from the claims to Liberty Gold USA, with an option to repurchase 1.0% of the royalty for $2 million prior to commercial production.

Blue Moon appointed Reza Ehsani as Senior Vice President, Projects. Ehsani has worked with the company for the past year and brings 29 years of experience in mining, oil and gas, and infrastructure sectors. He has managed projects from early-stage studies through construction phases.

"Over the past year, Reza has been instrumental in advancing our project pipeline, and this appointment reflects both his contributions to date and the critical role he will continue to play," said Christian Kargl-Simard, CEO of Blue Moon.

Blue Moon operates five polymetallic projects including the Nussir copper-gold-silver project in Norway, the NSG copper-zinc-gold-silver project in Norway, the Blue Moon zinc-gold-silver-copper project in the United States, the Springer tungsten-molybdenum project in the United States and the Apex germanium-gallium-copper project in the United States.