Blue Moon Metals Inc. (NASDAQ: BMM) released initial assay results from a re-logging campaign of historical drill core at its Springer Tungsten Project in Pershing County, Nevada, according to a company statement dated Sept. 22, 2026.

The company has re-logged approximately 64% of 18,000 meters of historical core, with final assay results received for 18% of that material. Key intervals reported include surface drillhole NM-13, which returned 7.00 meters grading 1.28% WO₃ from 160 meters depth, and underground drillhole SU-27, which returned 8.24 meters grading 0.64% WO₃ from 59 meters, including 3.09 meters at 1.19% WO₃. Surface drillhole NM-44 returned 24.25 meters grading 0.22% WO₃, including 9.55 meters at 0.53% WO₃.

The Bureau of Land Management fully approved Blue Moon's Exploration Notice (NVNV106841534) on Sept. 10, 2026, following conditional acceptance on Aug. 26, 2026. The approval permits diamond drilling on 13 pads on public lands as part of a planned 67,000-meter drilling campaign, along with mechanized auger sampling of existing tailings material.

The company also completed sampling of 28 on-site stockpiles, collecting 499 grab samples and 79 quality control samples, which have been shipped to ALS Labs in Reno, Nevada. Assay results from that program remain pending. A LiDAR survey conducted in August will be used to estimate stockpile tonnage. The company stated the stockpiled material is expected to serve as initial mill feed in 2027.

On Sept. 21, 2026, The Elmet Group Co. issued Blue Moon warrants to purchase 1,166,970 shares of Elmet common stock at an exercise price of US$21.423 per share, pursuant to a binding letter agreement announced Sept. 14, 2026.