Remining: Old Mine Waste Dumps Become a Source of Raw Materials

Advertisement/Promotion — On behalf of Mogotes Metals Inc. and Blue Moon Metals Inc. SRC swiss resource capital AG has paid IR consulting agreements with both companies. Prepared by: SRC swiss resource capital AG. Author: Ingrid Heinritzi. First published: November 16, 2026, 5:30 a.m. Berlin/Zurich time.

+++ Old Waste Dumps Move into Focus as a Source of Raw Materials +++

Dear Readers,

In Oman, Green Tech Mining has been reprocessing historical copper tailings near Suhar since June 2025. Approximately 18 million metric tons of residues there originate from copper mining between 1983 and 1994. According to a technical study, older tailings often contain 0.2 to 0.6 percent copper, while modern residues contain only about 0.1 percent.

Because the material is already ground, operating costs can be lower than those of primary mining, although each dump still has to be assessed individually. In the EU, operators of extractive waste facilities must assess by November 24, 2026 whether critical raw materials can be recovered.

The topic is gaining importance particularly for copper. Based on known projects, the International Energy Agency (IEA) expects a supply gap of approximately 25 percent in primary copper for 2035. A year earlier, it had still estimated approximately 30 percent.

Mogotes Metals Expands Drill Program at Filo Sur

Mogotes Metals  - https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ - holds a 100 percent interest in the copper-gold-silver project Filo Sur in the Vicuña District on the border between Argentina and Chile. On July 9, Mogotes reported 180 meters at 0.98 percent copper equivalent from a depth of 108 meters in drill hole FS_DDH_016.

Since August, Rio Tinto has held an approximately US$15 million stake; the two companies are working together at Filo Sur in a technical alliance. For 2026/27, Mogotes plans up to 20,000 meters of drilling, more than three times as much as before.

Blue Moon Metals Focuses on the United States

Blue Moon Metals - https://www.commodity-tv.com/play/220m-norway-deal-now-all-in-on-us-tungsten-germanium-blue-moon-metals/ - is selling its Norwegian subsidiary with the Nussir copper project and the NSG project to ACG Metals. Under the agreement dated November 3, Blue Moon will receive in return ACG shares worth US$220 million; closing is planned by November 30. The acquisition of 33 tungsten and antimony projects was terminated by mutual agreement on October 30.

The focus is now on the tungsten-molybdenum project Springer in Nevada, the germanium-gallium-copper project Apex in Utah, and the zinc-gold deposit Blue Moon in California. Since August 20, Blue Moon has been authorized to begin construction at Springer. According to the company, Springer and Apex are expected to be in production by the end of 2027.

Conclusion: Mogotes Metals and Blue Moon Metals Ahead of Milestones

Old waste dumps and new discoveries could contribute to the supply of copper and critical metals. Mogotes is planning its largest drilling season to date at Filo Sur; Blue Moon intends to complete the Norway sale and bring Springer into production. Financing, permits, and metal prices remain decisive.

Current company information and news releases: https://www.resource-capital.ch/de/unternehmen/mogotes-metals-inc/ and https://www.resource-capital.ch/de/unternehmen/blue-moon-metals-inc/

Further information is available in our Battery Metals Report: https://www.resource-capital.ch/de/reports/ansicht/batteriemetall-report-2026-03/

Glück auf and warm regards from Switzerland,
Yours,
Marc Ollinger
Swiss Resource Capital AG

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Sources: Oman Observer, Green Tech Mining Arjaa, June 28, 2025 · MDPI Minerals, remining review study, November 2023 · EU, Regulation (EU) 2024/1252, Art. 27, April 11, 2024 · IEA, Global Critical Minerals Outlook 2026, July 16, 2026 · Mogotes Metals, acquisition of 100 percent of Filo Sur, October 20, 2025 · Mogotes Metals, Albor 180 m, July 9, 2026 · Mogotes Metals, Rio Tinto investment completed, August 27, 2026 · Mogotes Metals, Filo Sur season completion, September 4, 2026 · Mogotes Metals, exploration plans 2026–2027, September 22, 2026 · Blue Moon Metals, Springer construction approval, August 20, 2026 · Blue Moon Metals, termination of Ropa acquisition, October 30, 2026 · Blue Moon Metals, sale of Blue Moon Norway, November 3, 2026; cover image: AI-generated symbolic illustration

Transparency and Conflicts of Interest

Prepared and published by: SRC swiss resource capital AG, Poststrasse 1, 9100 Herisau, Switzerland. Author: Ingrid Heinritzi. Issuers: Mogotes Metals Inc. (TSXV: MOG; OTCQB: MOGMF; FSE: OY4; WKN: A3ENQ6; ISIN: CA6080111025) and Blue Moon Metals Inc. (TSXV: MOON; Nasdaq: BMM; WKN: A413T9; ISIN: CA09570Q5095). Client and recipient of compensation: This article is published within the scope of the existing paid IR consulting agreements with the companies, under which SRC is compensated. The author is compensated via SRC. The paid relationships create an economic interest in a positive presentation. The author and SRC hold no positions in the issuers discussed. Interest of an issuer in SRC of at least 5 percent: no. Market-making, lead/co-lead manager, and investment banking relationships: no. Other relevant interests: none. Prior review by the issuers: The issuers did not receive the article in advance for review and/or approval. Applicability of Section 18(2) of the German Interstate Media Treaty (MStV) / responsible person: Marc Ollinger, CEO of SRC.

Methodology and Risks

Editorial cut-off, source cut-off, and completion: November 14, 2026, 1:00 p.m. CET. Public sources were cross-checked; company information is not independent. No independent review of drill data, resource estimate, feasibility study, or company valuation. Cover image: AI-generated symbolic illustration; it does not depict any real facilities or projects of the issuers. QP for the original news releases on Filo Sur: Carl Schnell, MAIG, Head of Geology at Mogotes Metals, not independent. The naming of the QP does not constitute a review or approval of this article. The information on Blue Moon Metals is based on company and transaction announcements; resource or drill data are not presented. Drill intervals are drill hole lengths; copper equivalent is a calculated figure of the company. No mineral resource has yet been defined for Filo Sur. The sale of Blue Moon Norway is subject to closing conditions. Timelines are subject to, among other things, financing, permits, and successful exploration or development. Metal prices, interest rates, exchange rates, permitting processes in Argentina, Chile, and the United States, metallurgy, costs, and capital dilution may materially change results and lead to a total loss.

Notices and Liability

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