ACG Metals to buy Blue Moon Norway for $220M in shares

ACG Metals will acquire 100% of Blue Moon Norway, which holds 94.52% of the construction-stage Nussir copper mine and the NSG exploration property, from Blue Moon Metals. The $220 million cash-free, debt-free consideration is payable in new ACG shares at £18.70 each. Blue Moon will refocus on its four U.S. critical metals mines.

Why it matters: ACG aims to build a European copper champion, pairing Nussir with its Gediktepe mine in Türkiye.