Tap American to sell Utah Apex mine to Blue Moon Metals

Tech Resources subsidiary Tech American has agreed to transfer full ownership of Apex Mine in Utah, USA to Blue Moon Metals.

The mine, which previously produced germanium, gallium and copper, adds to Blue Moon’s portfolio of key mineral projects aimed at strengthening the North American supply chain.

The deal strengthens Blue Moon’s existing partnership with Hartree Partners, a key partner in the US government’s recent $12 billion critical metals storage initiative.

Blue Moon and Tech both signed a sale and purchase agreement in February 2026, with completion expected by March.

As part of the agreement, Blue Moon will acquire full ownership of the Apex mine, which includes 26 patented and nine unpatented claims over 250 hectares (ha).

In return, Blue Moon will issue 7,031,959 common shares to Tech, representing 8% of its outstanding shares at the time of the announcement.

Additionally, Tech will receive a 0.5% net smelter return (NSR) royalty on the property and a limited royalty of $1m (C$1.37m), free of other encumbrances.

Immediate synergies include potential processing of zinc concentrate from Blue Moon’s California-based Blue Moon mine at TechTrail’s operations in Canada, as well as plans to redevelop the Apex mine to secure an onshore source of germanium and gallium.

Additionally, there are considerations to restart a permitted spring tungsten mine in Nevada, USA to meet domestic needs and expand critical mineral processing capacity.

Blue Moon owns the advanced-stage Blue Moon Mine in California, which has historical records of production dating back to the mid-20th century and has conducted recent appraisals to support restarts.

The company received the license in April 2025 and began making exploration cuts in October of the same year.

Production is expected to begin in 2028, with ongoing technical work aimed at processing the material at the Blue Moon Spring complex in Nevada.

Blue Moon CEO Christine Cargle-Simard said: “The underground development of the Blue Moon mine is progressing well, which together with the acquisition of the Apex mine and our Spring Metal Complex and Spring Tungsten Mine rehabilitation provides a unique hub and spike platform for US precious metals growth.

“Teck and Blue Moon are logical partners combining Blue Moon’s US project pipeline and processing capacity in Teck’s trail operations. We are excited to leverage our shared infrastructure, industry-leading technical knowledge and depth of funding to provide our domestic US copper, zinc, tungsten and currently spinning feedstock for our long-term project. Complex.”

The Apex mine, historically mined for copper oxide before focusing on germanium and gallium production in the 1980s and 1990s, is slated for redevelopment under renewed permits.

Blue Moon intends to conduct technical studies and community engagement as part of efforts toward a final investment decision, while exploring options for a new processing line at the Spring complex.

Completion of the transaction is subject to TSX Venture Exchange approval, finalization of definitive agreements and other standard conditions for asset transfers.

“Tech American to Sell Utah Apex Mine to Blue Moon Metals” was originally created and published by Mining Technologies, a brand owned by Global Data.

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