Blue Moon Metals Reports High-Grade Assay Results from Apex Mine
Event summary
- Blue Moon Metals reported assay results of 0.180% germanium, 0.0273% gallium, and 1.96% copper from a bulk sample at the Apex mine in Utah.
- The sample was obtained following the acquisition of Apex from Teck Resources Limited on March 16, 2026.
- Current spot prices for germanium and gallium are $10,500/kg and $2,650/kg respectively, as of June 26, 2026.
- Blue Moon is exploring the potential to sell direct shipping ore (DSO) from Apex, targeting Q3-2027 for initial production.
The big picture
Blue Moon Metals' assay results from the Apex mine highlight the strategic importance of germanium and gallium, critical metals for the global economy. The potential to supply nearly 100% of domestic U.S. germanium demand from a single source underscores the project's significance amid constrained non-Chinese supply chains. The company's exploration of DSO sales reflects broader industry trends toward faster commercialization of high-grade mineral deposits.
What we're watching
- Permitting Timeline
- Whether Blue Moon can secure necessary permits by Q2-2027 to meet its DSO production target.
- Market Dynamics
- How sustained high prices for germanium and gallium will impact the commercial viability of Apex.
- Execution Risk
- The pace at which Blue Moon can validate historical resources and develop a commercial flowsheet.
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