Financing ·
Nicola Mining Inc., alongside Ocean Partners UK Limited, committed a combined $10.0 million in financing to Blue…
HUSIFNicola Mining Inc.
Nicola Mining Inc., alongside Ocean Partners UK Limited, committed a combined $10.0 million in financing to Blue Lagoon Resources to support the development and production ramp-up of its Dome Mountain Gold and Silver Project near Smithers, British Columbia. Nicola Mining invested $5.0 million through a private placement at $0.60 per share, acquiring 8,333,333 common shares. This follows an earlier strategic investment of $1.0 million in January 2024. The capital is intended to advance mine development activities targeting production levels of 150-200 tonnes per day and strengthens the relationship with Nicola Mining's Merritt Mill facility. Nicola Mining Inc. operates in the gold and silver mining industry.