Blue Lagoon Extends Milling Agreement with Nicola Mining to 10 Years, Securing Long-Term Processing of Dome Mountain Mineralized Material

Core Viewpoint - Blue Lagoon Resources Inc. has signed a 10-year amended and restated Mining and Milling Partnership agreement with Nicola Mining Inc., securing a long-term processing solution for its Dome Mountain Gold Project, which is expected to enhance production capabilities and cash flow [1][2][3]. Group 1: Partnership Agreement - The new agreement extends the partnership with Nicola Mining for 10 years, ensuring priority access to mill capacity for Dome Mountain's mineralized material [1][2]. - Nicola Mining operates a fully permitted mill and is also an equity shareholder in Blue Lagoon, reinforcing the strategic alignment between the two companies [2][3]. - The partnership is further supported by a previously announced $2 million unsecured line of credit from Nicola to Blue Lagoon, indicating strong mutual confidence [2][3]. Group 2: Production Readiness - The agreement is seen as a critical step for Blue Lagoon in transitioning from development to production, providing a reliable pathway for processing and concentrate sales [3]. - Recent milestones at Dome Mountain include the commissioning of a water treatment plant and the commencement of underground blasting and mining operations, showcasing the company's readiness for production [3][6]. - First gold sales are targeted for Q4 2025, with plans to reinvest cash flow into further exploration starting in H1 2026 [6]. Group 3: Company Overview - Blue Lagoon Resources is a Canadian-based mining company focused on advancing its 100% owned Dome Mountain Gold Project in British Columbia [5]. - The company has achieved significant milestones, including the granting of a full mining permit, one of only nine issued in British Columbia since 2015 [6]. - Blue Lagoon aims to become a profitable gold producer while maintaining a commitment to sustainability and community engagement [7].