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Nicola Mining Ramps Up Production of High Grade Gold and Silver Concentrate
TMX Newsfile· 2026-02-26 14:00
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Nicola Mining Inc. (TSXV: NIM) (OTCQB: HUSIF) (FSE: HLIA) (the "Company" or "Nicola Mining") is pleased to report a material increase in throughput of high-grade gold and silver mill feed sourced from its partnership with Blue Lagoon Resources (CSE: BLLG) at the Dome Mountain Gold Project.High-grade gold and silver material is being processed at Nicola's fully permitted Merritt Mill, where the Company has transitioned from gravity & flotat ...
Blue Lagoon Resources Completes Second Sale of $1.4 Million of Dome Mountain Mineralized Material - Milling Now Underway
Thenewswire· 2026-02-20 13:00
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].
Blue Lagoon Milling Partner Nicola Mining Shifts Focus Exclusively to Blue Lagoon's Gold & Silver Mineralized Material
Thenewswire· 2026-01-29 13:00
Core Viewpoint - Blue Lagoon Resources Inc. is advancing underground production at its 100%-owned Dome Mountain Gold & Silver Project, with its milling partner, Nicola Mining Inc., focusing exclusively on processing the Company's high-grade mineralized material [1][2]. Group 1: Production and Processing - Nicola Mining will dedicate its milling capacity solely to material from Dome Mountain, streamlining the processing path as Blue Lagoon enhances underground operations [2]. - Blue Lagoon has received nearly $1 million for the initial 1,000 tonnes delivered to Nicola in December and expects to deliver an additional 1,500 tonnes by the end of the week, totaling approximately 2,500 tonnes [3]. - The Company is building inventory in advance of scheduled milling, reflecting a steady increase in underground output following the opening of multiple mining faces [3][6]. Group 2: Market Environment - The operational advancements are occurring in a favorable gold and silver price environment, with spot gold prices exceeding US$5,500 per ounce and silver prices over US$115 per ounce [4]. - Management believes that the current price backdrop enhances the leverage of near-term production as operations at Dome Mountain ramp up [4][6]. Group 3: Company Strategy and Future Plans - Blue Lagoon aims to execute operations safely and consistently while maintaining a predictable delivery schedule to its milling partner [6]. - The Company plans to reinvest internally generated cash flow into near-mine and regional exploration starting in H1 2026 to expand its resource base [10]. - Blue Lagoon is committed to sustainability and community engagement, aiming to be a profitable gold producer while creating lasting value for shareholders [11].
Wildsky Resources Inc. Announces Change of Directors
TMX Newsfile· 2026-01-21 17:27
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Wildsky Resources Inc. (TSXV: WSK) (the "Company") regrets to announce that Zonglin Zhang has resigned from the Company's board of directors effective immediately. The Company wants to thank Mr. Zhang for his contribution to the Company and wishes him well with his future endeavours. The Company announces that Mr. Kairin Liu has been appointed to the Company's board of directors. Mr. Liu was appointed as Vice President – Exploration the Com ...
Nicola Mining Upsizes Financing with Proceeds to Be Used to Expand Capacity of and Upgrade Its Milling Facility
TMX Newsfile· 2026-01-13 13:59
Core Viewpoint - Nicola Mining Inc. has successfully upsized its non-brokered private placement from $1,000,000 to $3,000,000, indicating strong support from existing shareholders and new institutional investors, which reflects confidence in the company's operational milestones and long-term strategy [1]. Group 1: Offering Details - The company plans to issue a total of 3,333,334 units at a price of $0.90 per unit, aiming for gross proceeds of up to $3,000,000, which includes 1,111,112 units issued in the first closing [2]. - Each unit will consist of one common share and one transferable common share purchase warrant, with each warrant allowing the holder to purchase one share at $1.10 for three years post-closing, with potential acceleration of expiry under certain conditions [3]. Group 2: Use of Proceeds - The gross proceeds from the offering will be allocated for ball mills, general operations, and corporate working capital [4]. - Specific uses may include purchasing and installing milling equipment to expand processing capacity to approximately 500 tonnes per day, adding a secondary ball mill, and procuring spare parts to support ongoing operational reliability [5]. Group 3: Company Overview - Nicola Mining Inc. is a junior mining company listed on the TSX Venture Exchange and Frankfurt Exchange, owning a 100% mill and tailings facility near Merritt, British Columbia, and has signed profit share agreements with high-grade gold projects [8]. - The company also owns the New Craigmont Project, a high-grade copper property covering over 10,800 hectares, and the Treasure Mountain Property, a fully-permitted high-grade silver mine spanning over 2,200 hectares [9].
Blue Lagoon's Underground Production Ramps Up
Thenewswire· 2026-01-05 13:00
Core Viewpoint - Blue Lagoon Resources Inc. is making significant progress towards consistent mine production and regular deliveries of mineralized material to its milling partner, Nicola Mining Inc. [1] Operational Progress - Dome Mountain has resumed production activities post-holiday, with expectations to achieve consistent production of approximately 100 tonnes per day by the end of the month, aiming for a fully permitted production level of 150 tonnes per day [2][7] - The early stages of ramping up underground mining faced timing delays and operational constraints, which have now been largely resolved, allowing for increased underground activities [3][4] Production and Revenue Generation - In December, the company shipped approximately 1,300 tonnes of mineralized material to Nicola Mining, receiving its first payment for about 1,000 tonnes, with 300 tonnes still pending processing [4] - Approximately 150 tonnes of mineralized material is stockpiled at Dome Mountain, ready for shipment, with trucking expected to commence shortly [4] Financial Developments - The company has issued 116,884 common shares to several senior employees, pending approval from the Canadian Securities Exchange [5] - An unsecured, interest-free loan of $500,000 was received from the President to address short-term working capital needs, with an agreement to issue 151,515 bonus common shares to the lender [6] Future Plans and Enhancements - A second production shift is expected to enhance productivity and operational efficiency, with consistent production of 100 tonnes per day anticipated by month-end [7] - A fire assay laboratory facility is under construction, expected to process a minimum of 40 samples per day, aiding in rapid assay results for operational decision-making [7] - Underground surveying capabilities have been improved with the addition of a LiDAR unit, enhancing accuracy and mine planning [7] Company Background - Blue Lagoon Resources Inc. is a Canadian-based mining company operating the Dome Mountain Gold Mine, with a focus on sustainable practices and community engagement [8][10] - The company achieved a significant milestone in February 2025 with the granting of a full mining permit and has commenced underground mining operations [9]
Nicola Mining Announces Strategic Investment from Ocean Partners
TMX Newsfile· 2025-12-29 14:00
Core Viewpoint - Nicola Mining Inc. is strengthening its balance sheet through a strategic non-brokered private investment of $1,000,000 from Ocean Partners UK Limited as it prepares to uplist onto NASDAQ in Q1 of 2026 [1]. Investment Offering - The Company will issue 1,111,112 units at a price of $0.90 per unit, aiming for gross proceeds of up to $1,000,000 [2]. - Each unit consists of one common share and one transferable common share purchase warrant, with each warrant allowing the purchase of an additional share at $1.10 for three years post-closing [3]. Warrant Details - The expiry of the warrants may be accelerated if the closing price of the Company's shares on the TSX Venture Exchange reaches $1.70 or greater for ten consecutive trading days [3]. Use of Proceeds - The gross proceeds from the offering will be allocated for general working capital [5]. Regulatory Compliance - All securities issued will be subject to a statutory holding period of four months and one day post-closing, and the offering is subject to Exchange approval [4]. Strategic Advisory Appointment - Rahim Kassim-Lakha has been appointed as Strategic Advisor, bringing nearly 30 years of experience in capital markets and M&A, and will guide the Company on capital markets strategy and corporate development [7]. Company Overview - Nicola Mining Inc. is a junior mining company with a 100% owned mill and tailings facility located near Merritt, British Columbia, and has signed profit share agreements with high-grade gold projects [8]. - The Company owns the New Craigmont Project, a high-grade copper property covering over 10,800 hectares, and the Treasure Mountain Property, a fully-permitted high-grade silver mine spanning over 2,200 hectares [9].
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].
Nicola Mining's Dominion Gold Project Assays Return up to 113 Grams / 3.65 Oz Gold per Tonne
Newsfile· 2025-11-10 14:00
Core Insights - Nicola Mining Inc. announced final assay results from the Dominion Gold Project, revealing gold grades of up to 113 grams per tonne, equivalent to 3.65 ounces per tonne [1][9]. Sampling and Assay Results - A total of nine samples were collected from newly discovered veins to assess their gold values for potential inclusion in bulk sampling [2]. - The Pit Vein sample showed significant gold grades, with one sample (DC25-17) yielding 113.51 g/t Au (3.65 oz/t Au) [3]. - Other samples from the Pit Vein also demonstrated high grades, including 55.17 g/t Au (1.77 oz/t Au) and 29.25 g/t Au (0.94 oz/t Au) [3]. Project Development and Future Plans - The company plans to focus on bulk sample extraction and further understanding of the project's scale in 2026 [9]. - All veins remain open in all directions, indicating potential for further discoveries [6]. Company Background - Nicola Mining Inc. is a junior mining company with a 100% owned mill and tailings facility located near Merritt, British Columbia [13]. - The company also owns the New Craigmont Project, a high-grade copper property, and the Treasure Mountain Property, which includes 30 mineral claims [14].
Talisker to Accelerate Ore Purchase Agreement with Ocean Partners for up to 1,500 tpd
Globenewswire· 2025-11-10 12:00
Core Viewpoint - Talisker Resources Ltd. has signed binding terms for an Ore Purchase Agreement with Ocean Partners UK Ltd, which will enable the company to ship gold-bearing material starting January 2026 and increase its milling capacity to 1,500 tonnes per day [1][2] Group 1: Agreements and Production Plans - The Ore Purchase Agreement with Ocean Partners includes a US$25 million revolving credit facility [1] - Talisker plans to accelerate its transition to Ocean Partners to align with its production increase for 2026 [2] - A 60-day notice of termination has been issued for the milling agreement with Nicola Mining Inc. [2] Group 2: Company Overview - Talisker Resources Ltd. is a junior resource company focused on gold exploration and development in British Columbia, Canada [3] - The company's flagship asset is the Bralorne Gold Project, which is fully permitted and currently producing at the Mustang Mine [3] - Other projects include the Ladner Gold Project and the Spences Bridge Project, which have significant exploration potential [3]