Core Viewpoint - Blue Lagoon Resources Inc. has made its first sale of gold and silver from the Dome Mountain project, marking a significant transition from a pre-revenue to a revenue-generating mining company [5][6]. Group 1: Sales and Financials - The company expects to receive C$970,000 from the initial delivery of approximately 1,000 tonnes of mineralized material to Nicola Mining for processing [2][3]. - This payment is an advance on the first shipment, with final settlement pending processing and subject to adjustments based on assays and metal prices [3]. Group 2: Operations and Development - Underground development, production, and shipments are set to resume in the first week of January following a holiday break [4]. - The company views this sale as a milestone, indicating its focus on advancing development and production activities [6]. Group 3: Strategic Plans - Blue Lagoon plans to reinvest internally generated cash flow into near-mine and regional exploration starting in H1 2026 to expand its resource base [9]. - The company is committed to sustainability and community engagement while aiming to become a profitable gold producer [10]. Group 4: Equity Incentives - The company has granted 3,000,000 restricted share units and 200,000 stock options to directors and management, with stock options exercisable at $0.66 per share [7].
Blue Lagoon Sells ~C$1 Million of Gold and Silver from Dome Mountain's Initial Production to Ocean Partners