Financing ·
Nicola Mining Inc. and Ocean Partners UK Limited committed a combined $10.0 million in financing to Blue Lagoon…
NICMNicola Mining Inc.
Nicola Mining Inc. and Ocean Partners UK Limited committed a combined $10.0 million in financing to Blue Lagoon Resources Inc. Nicola invested $5.0 million via private placement at $0.60 per share, acquiring 8,333,333 common shares. This capital supports the development of Blue Lagoon's Dome Mountain Gold and Silver Project toward a targeted production rate of 150-200 tonnes per day. The investment builds on Nicola's prior $1.0 million strategic stake in January 2024. Ocean Partners also contributed $5.0 million, bringing its total commitment to Blue Lagoon to $8.0 million. The financing strengthens the relationship between mine development and Nicola's Merritt Mill processing infrastructure. Nicola Mining Inc. is a junior mining company operating gold and silver projects with owned milling facilities in British Columbia.