Michael McClintock, P.Eng.’s Post

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Founder & Principal @ McClintock Group | Enhancing Mineral Projects, Advocating for Shareholders

⛑️ HEADER: How Could This Happen in Our Industry? ▪️Since early 2022, we have been representing shareholders of Blue Moon Metals Inc. , raising serious governance concerns. In 2022 and early 2023, I became the largest shareholder 🏆 in an effort to address these deficiencies for the benefit of those who entrusted their money to the company. - I offered to step in as #CEO for a symbolic salary of $1 per year, and futher I was planning to support the company, believing it was necessary to restore investor trust. Prior to this, we spent months attempting to communicate 📞✉️ with #directors and #management about these issues, proposing work programs, and offering to raise funds through higher-priced financing. Offering solutions. Still to this day we prefer to find solutions than shame individuals. Shockingly, the company issued up to 65% new equity/shares privately, significantly below the previous market close, to insiders or close associates 📉❌. The first announced "closed" financing occurred less that 2 weeks from our Open Letter to Shareholders voicing our Unaddressed concerns and willingness to resolve them with out compensation. ▪️Despite numerous calls, letters, and a formal notice to the entire board and management, we received no adequate response 📭❌ regarding plans to advance the Blue Moon Deposit in Northern California, which boasts tier-1 infrastructure and port access. ▪️These fiancings which we viewed as clearly defensive because of thier timing and they had the effect of shifting control away from existing shareholders. Tragically Blue Moon Metals Inc. continues to have few to no news releases or updates. I have been contacted by many minority shareholders. It saddens me that for an industry I love so much as it goes 4 generations back, that shareholders no longer have the ability to change management. 🗳️❌. ✨️We need to hold our industry to a higher standard. Junior Mining is at a juncture where investment is vital to unlock and develop valuable assets for society. The behavior we've witnessed here is oppressive, hindering the community, shareholders, and society from benefiting from advancing these assets. #ShareholderRights #EGBC #Mariposa #Tsxv #JuniorMining #Investors #MiningExploration #MiningEthics #ShareholderAdvocacy #JuniorMiners

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John F. Ellis

Chairman | Director General | CEO

4mo

Excellent insight!! Troubling, but a great read! It seems as though theres something else at play, perhaps behind the scenes and deep into the game for which modern day management, seems to play!! Morals & Ethics, have taken a back seat long ago, and the 'Art of the Deal', is not the same as its portrayed to be by the "pencil pushers", and "office warriors"!! Can't help but wonder how satisfying it would be to call a BOD meeting with Shareholders, and pass a motion to terminate individuals with ill-intended mandates, from the inside!! Cant fix stupid!! Admire your efforts, all the same!

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