Blue Moon Metals Inc. (TSXV: MOON) (OTCQB: BMOOF) CEO Patrick McGrath tells Proactive the Vancouver, Canada-based group has closed $1.1M in a private placement.
McGrath says the proceeds will be used to fund its upcoming drill program on its Blue Moon polymetallic VMS project in Oakland, California.
The group is looking to drill 3,000 meters at the zinc, gold, silver and copper-focused project, expecting to begin by the end of July 2021.