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Blue Moon Metals and partners secure $150M investment to revive Nevada's Springer tungsten mine, boosting US supply chain.

Company Fundamentals
14 Sep 2026
PRNewsWire
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Bullish
Blue Moon Metals and partners secure $150M investment to revive Nevada's Springer tungsten mine, boosting US supply chain.

Blue Moon Metals, The Elmet Group, and EQ Resources announced a $150-$175 million strategic investment to redevelop the Springer Tungsten Complex in Nevada, aiming to strengthen the US tungsten supply chain. The project includes reopening the mine and mill by late 2027 and restarting the Ammonium Paratungstate (APT) plant by mid-2028, potentially the first major tungsten concentrate production in North America. The deal involves forming a joint venture to operate the APT plant, equity investments, and supply agreements, supported by the US Department of War to secure critical materials for defense and industrial sectors. This initiative positions Blue Moon as a key domestic supplier of tungsten and related metals, enhancing US manufacturing and national security.

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