Blue Moon Appoints Christian Kargl-Simard as CEO and Frances Kwong as CFO, as well as Garfield MacVeigh and Christian Aramayo as Advisors to the Board

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Blue Moon Metals Inc
Blue Moon Metals Inc

VANCOUVER, British Columbia, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Blue Moon Metals Inc. (the “Company” or “Blue Moon”) (TSX-V: MOON, OTCQB: BMOOF) is pleased to announce additional management changes following the annual general meeting on October 17, 2024 announcement (see October 17, 2024 release). Christian Kargl-Simard, who was elected then as an independent director, will replace Patrick McGrath as President and Chief Executive Officer. Frances Kwong, former Vice President Finance, CFO and Corporate Secretary at Adventus Mining Corporation, will replace Varun Prasad as the Company’s Chief Financial Officer and Corporate Secretary. Both changes are effective immediately. Additional management appointments are expected in due course as the Blue Moon Project advances through the previously announced preliminary economic assessment (see October 10, 2024 release).

Blue Moon also is adding two non-executive advisors to the Board, Garfield MacVeigh and Christian Aramayo to increase the team’s experience.

Christian Kargl-Simard, incoming Chief Executive Officer, stated, “I am very pleased to be starting as President and CEO of Blue Moon, and bringing together some of the team we had at Adventus Mining Corporation, where we advanced a similar type of project from the exploration stage to permitted for construction. With our previously announced board of directors, we are excited to advance the Blue Moon deposit but are also actively looking to add additional copper or BIG zinc projects to augment our already strong base. Frances and I worked through over US$350M in equity and project financings at Adventus. Christian Aramayo worked closely with Dustin Small at Adventus through technical studies. Garfield MacVeigh has spent the most time as a geologist on the Blue Moon Project, going back 35 years, and will be an invaluable addition to the team. We thank Patrick McGrath for his services, and he will remain on the board through our transition.

The respective resumes are as follows:

Christian Kargl-Simard – President, Chief Executive Officer and Director

Mr. Kargl-Simard has over 20 years of experience in the mining industry, having worked both in technical and finance roles. He recently led Adventus Mining Corporation on its acquisition by Silvercorp Metals in a deal worth $235M, after starting with a $2M exploration focused asset base in December 2016. Prior to starting Adventus Mining, he worked for 10 years in investment banking roles at Raymond James Ltd. and Haywood Securities Inc. During his tenure in investment banking, Christian was involved in financings raising more than $7 billion, and he assisted in completing over 35 M&A transactions. Christian also worked for Dynatec up to its sale to Sherritt International Corp. in 2007, both in metallurgical engineering and corporate development roles. Christian holds a B.A.Sc. degree in Metallurgical Engineering from the University of British Columbia. Christian also serves as the non-executive chairman of Surge Copper Corp.