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Teck American to Sell Utah’s Apex Mine to Blue Moon Metals

Teck Resources’ subsidiary Teck American will transfer full ownership of Utah’s Apex mine to Blue Moon Metals, completing a sale and purchase agreement signed in February 2026. In exchange, Blue Moon will issue roughly 7 million common shares, representing about 8% of its equity, and will pay Teck a 0.5% net smelter royalty capped at $1 million. The Apex property includes 26 patented and nine unpatented claims covering 250 hectares and is slated for redevelopment to produce germanium and gallium, complementing Blue Moon’s existing critical‑metal projects. The transaction also creates processing synergies with Teck’s Trail Operations and aligns with the U.S. government’s $12 billion critical metals stockpile initiative.