Teck American Sells Utah Mine To Blue Moon Metals In Major Push For Critical Mineral Development

Teck American to Sell Utah’s Apex Mine to Blue Moon Metals: A New Chapter in Critical Mineral Development

Teck Resources’ subsidiary Teck American has agreed to transfer full ownership of the Apex mine in Utah, US, to Blue Moon Metals. This deal enhances Blue Moon’s portfolio of critical mineral projects and strengthens its partnership with Hartree Partners, a key collaborator with the US Government on the recently unveiled $12 billion critical metals stockpile initiative.

The Apex mine has a rich history dating back to the 1980s and 1990s when it focused on producing germanium, gallium, and copper. The mine initially produced copper oxide before shifting its focus to these other critical minerals. Today, Blue Moon intends to redevelop the mine, subject to renewed permits, with plans to secure an onshore source of germanium and gallium.

Blue Moon will gain full ownership of the Apex mine, encompassing 26 patented and nine unpatented claims over 250 hectares. This acquisition marks a significant milestone in Blue Moon’s efforts to develop its critical mineral projects. The company has already made notable progress with its California-based Blue Moon Mine, which received permits in April 2025 and began constructing an exploration decline in October the same year.

Production is expected to commence at the Blue Moon Mine in 2028, with ongoing technical work aimed at processing materials at Blue Moon’s Springer complex in Nevada. The company has been working towards this goal, receiving permits for its advanced-stage project and beginning construction on an exploration decline. This mine will serve as a crucial component of Blue Moon’s critical mineral processing capabilities.

The acquisition of the Apex mine also presents opportunities for potential synergies with Blue Moon’s other projects. For instance, the company plans to process zinc concentrates from its California-based mine at Teck’s Trail Operations in Canada. Additionally, there are considerations for restarting the permitted Springer tungsten mine in Nevada, which would fulfill domestic requirements and expand critical mineral processing capabilities.

Blue Moon CEO Christian Kargl-Simard stated that the acquisition of the Apex mine, combined with the redevelopment of its Springer metallurgical complex and Springer tungsten mine, provides a unique hub-and-spoke platform for US critical metals growth. The company is excited to leverage its combined infrastructure, industry-leading technical know-how, and financing depth to advance its US domestic copper, zinc, tungsten, and now germanium and gallium projects.

The partnership between Blue Moon and Teck underscores the importance of collaborative efforts in addressing the growing demand for critical minerals. As the world shifts towards a low-carbon economy, the need for reliable and sustainable sources of these essential materials is becoming increasingly pressing.

The deal also reflects the shifting landscape of global trade and tariffs. GlobalData Strategic Intelligence notes that US tariffs are on the rise, which will impact the mining industry. To stay proactive, it’s essential to have real-time data and expert analysis - learn more about Strategic Intelligence from GlobalData.

Blue Moon’s strategy aligns with prioritizing responsible mineral development, innovation, and collaboration to ensure a sustainable future for generations to come. By investing in critical mineral projects like the Apex mine, Blue Moon is helping to support the growth of North American supply chains and address the growing demand for critical minerals.

The future of critical mineral development looks bright, with partnerships between Blue Moon Metals and Teck Resources setting a new standard for collaboration and innovation. As we look ahead to the challenges and opportunities that lie ahead, it’s clear that responsible mineral development will play an increasingly important role in shaping our global economic landscape.

Completion of the transaction remains subject to TSX Venture Exchange approval, finalisation of definitive agreements, and other standard conditions for asset transactions. With its strong track record and commitment to responsible mineral development, Blue Moon is poised to capitalize on the growing demand for critical minerals.

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