Blue Lagoon Resources Completes Second Sale of $1.4 Million of Dome Mountain Mineralized Material - Milling Now Underway

Core Viewpoint - Blue Lagoon Resources Inc. has received a second advance payment of approximately CAD $1.4 million from its milling partner, Nicola Mining, for 1,000 tonnes of stockpiled mineralized material from the Dome Mountain Gold and Silver Project, indicating growing confidence in the asset's production capabilities [1][4][7]. Group 1: Financial Developments - The total amount of Dome Mountain mineralized material delivered to the mill site is approximately 3,700 tonnes, which is currently stockpiled pending processing [2]. - The advance payments are intended to provide working capital to support ongoing underground development and production activities at Dome Mountain [7]. Group 2: Operational Updates - Processing of the Dome Mountain material has commenced after comprehensive plant cleanup and maintenance at Nicola Mining's mill facility, ensuring high operational standards and recoveries [3]. - The company has previously received an advance payment for an additional 1,000 tonnes, reflecting a strategic partnership with Nicola Mining [4][10]. Group 3: Strategic Goals - Blue Lagoon aims to advance production, ship material, and build momentum, with expectations of consistent operational cash flow and continued growth as processing continues [7]. - The company plans to reinvest internally generated cash flow into near-mine and regional exploration starting in the second half of 2026 to expand its resource base [10]. Group 4: Company Background - Blue Lagoon Resources Inc. is a Canadian-based mining company focused on producing from its 100% owned Dome Mountain Gold Mine, operating in a favorable mining jurisdiction [9]. - The company achieved a significant milestone in February 2025 by obtaining a full mining permit, one of only nine issued in British Columbia since 2015, and has since begun underground mining operations [10]. Group 5: Commitment to Sustainability - The company emphasizes a strong commitment to sustainability, community engagement, and creating lasting value for shareholders and stakeholders [11].