A drill rig at the Nussir project in northern Norway. Credit: Blue Moon Metals
Blue Moon Metals (TSXV: MOON), a Vancouver-based junior advancing the Nussir copper project in Norway, has secured at least $140 million in financing from Hartree Partners and Oaktree Capital to fund early works.
The capital package comprises a $25 million bridge loan already in place, followed by a $50 million senior secured term loan, a $70 million precious metals stream, and up to $20 million in equity for further development and execution, Blue Moon said on Wednesday.
The financing to cover engineering, long-lead equipment, underground development and working capital is spearheaded by Hartree, a global energy and commodities trading house, and Oaktree, a Los Angeles-based asset manager with $205 billion under management and a stake in Hartree. Nussir, which has been designated an EU strategic critical raw material project,…
