Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV:MOON) (NASDAQ:BMM) and Alpha Future Funds S.C.S. ("AFF") are pleased to announce that, further to the announcement of April 26, 2026, AFF's wholly-owned subsidiary, VMS Explorations AS ("VMS") and Blue Moon's wholly-owned subsidiary, Nye Sulitjelma Gruver AS ("NSG") have entered into a binding share purchase agreement ("SPA") to combine the two subsidiaries into a single entity. AFF is a private fund based in Luxembourg investing in innovative technologies and mining projects.

NSG and VMS hold extraction and exploration permits over the historic Sulitjelma mining district in the Fauske municipality of Norway. The Sulitjelma mine produced over 470 kt copper and 130 koz gold over a 100-year life and benefits from excellent existing surface and underground infrastructure ready to be refurbished, including connection to abundant clean hydropower. Combining NSG and VMS is expected to allow for an integrated development opportunity, prioritizing mining of targeted high-grade zones and centralized haulage, and processing to strengthen project economics and streamline advancement toward production.