The completion of a US$1.0 million sale of gold and silver to Ocean Partners UK Limited by Nicola Mining Inc. and Blue Lagoon Resources marks a significant milestone in their operational partnership. This transaction provides tangible evidence of revenue generation from their collaborative mining efforts, capitalizing on current favorable market conditions for precious metals. The capital from this sale is positioned to be reinvested into further production expansion and operational improvements, supporting the companies' growth objectives.
Blue Lagoon Resources has maintained steady shipments since initiating gold and silver mill feed hauling in December 2025. This consistent operational activity is crucial for scaling production capabilities and ensuring reliable revenue streams. The companies' ability to convert mining operations into revenue during this market period underscores the effectiveness of their partnership and operational strategy. The steady shipments indicate a level of operational performance that supports future financial stability and growth potential.
Nicola Mining Inc. operates a fully permitted, 100% owned mill and tailings facility near Merritt, British Columbia, capable of processing gold and silver mill feed through gravity and flotation processes. Beyond its own mining operations, the company has established additional revenue streams through Mining and Milling Profit Share Agreements with high-grade gold projects. Further details on the company's developments are accessible at https://ibn.fm/HUSIF.
The company's asset portfolio strengthens its market position, featuring 100% ownership of the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith. This property is strategically located adjacent to Highland Valley Copper, Canada's largest copper mine, providing significant advantages in a major mining region. Nicola Mining also fully owns the Treasure Mountain Property, which consists of 30 mineral claims and a mineral lease spanning over 2,200 hectares, further diversifying its resource base.
This US$1.0 million transaction represents a critical step in the operational development and partnership execution between Nicola Mining and Blue Lagoon Resources. It demonstrates their capacity to generate revenue from mining activities, which is essential for funding ongoing operations and future expansions. The successful sale during a period of robust precious metals prices highlights the strategic timing and operational efficiency of their collaborative efforts, positioning both companies for continued progress in the mining sector.
