Nicola Mining Commences Receipt of Blue Lagoon Gold and Silver Millfeed
Newsfile·2025-12-01 14:00

Core Viewpoint - Nicola Mining Inc. has commenced receiving high-grade gold and silver millfeed from Blue Lagoon Resources, marking a significant milestone in their partnership and enhancing Nicola's operational capabilities in British Columbia [1][3]. Group 1: Partnership and Financial Commitment - Blue Lagoon has started transporting millfeed to Nicola's mill, which is located near Merritt, British Columbia [1]. - Nicola Mining has committed to providing a non-dilutive line of credit of $2.0 million to support Blue Lagoon's balance sheet [1]. Group 2: Future Plans and Projects - Nicola will provide updates on its 2026 plans in an upcoming Annual Letter to Shareholders, which will include insights into milling expansion and various projects such as Treasure Mountain, Dominion Creek Gold Project, and New Craigmont Project [2]. Group 3: Operational Insights and Sustainability - The CEO of Nicola Mining expressed satisfaction with Blue Lagoon's progress in transitioning the Dome Mountain Gold Mine into a producing mine, emphasizing a shared commitment to sustainability [3]. - Nicola's mill is capable of processing materials from multiple sites, including its own Treasure Mountain Silver Mine and Dominion Creek Gold Project, reinforcing its role as a facilitator for gold and silver projects in the province [3]. Group 4: Company Overview - Nicola Mining Inc. is a junior mining company that owns a fully permitted mill and tailings facility, with plans to reopen its Treasure Mountain Silver Mine and commence production at the Dominion Creek Gold Project in 2026 [7]. - The company also owns the New Craigmont Project, a high-grade copper property covering over 10,800 hectares, adjacent to Canada’s largest copper mine [9].