Blue Moon Metals to acquire a 70.8% stake in Nussir from Baker Steel Resources in a $55m deal.

Blue Moon Metals, an explorer of mineral resources, agreed to acquire a 70.8% stake in Nussir, a copper mining firm, from Baker Steel Resources, a closed-ended investment company, in a $55m deal. This transaction strengthens the immediate prospects for our investment in Nussir by bringing it together with experienced mine and project builders, two other prospective projects, along with financing and a TSX listing. It is a major milestone towards bringing the Nussir project into production.