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Blue Lagoon Extends Milling Agreement With Nicola Mining to 10 Years, Securing Long-Term Processing of Dome Mountain Mineralized Material
VANCOUVER, BRITISH COLUMBIA - September 29, 2025 (NEWMEDIAWIRE) - Blue Lagoon Resources Inc. ("Blue Lagoon" or the "Company") (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to announce that it has signed an amended and restated Mining and Milling Par...
About this update from Blue Lagoon Resources Inc
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA - September 29, 2025 (NEWMEDIAWIRE) - Blue Lagoon Resources Inc. ("Blue Lagoon" or the "Company") (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to announce that it has signed an amended and restated Mining and Milling Partnership agreement with Nicola Mining Inc. ("Nicola Mining" or "Nicola") (TSXV: NIM), extending the partnership to a 10-year term. The agreement secures a long-term processing solution for mineralized material from the Company's recently permitted high-grade Dome Mountain Gold Project ("Dome Mountain"), located near Smithers, British Columbia.","length":649,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":"The Newswire","className":"","disableSlideshowImg":false,"size":{"original":{"width":450,"height":154,"url":"https://media.zenfs.com/en/newsmediawire_165/4b3ad9862e808af4431fef1cc0a2572b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/CcJj5fe.Ducos5uSF1Lu4Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI0MTtjZj13ZWJw/https://media.zenfs.com/en/newsmediawire_165/4b3ad9862e808af4431fef1cc0a2572b","width":450,"height":154}}},{"type":"text","content":"Nicola Mining operates a state-of-the art, fully permitted mill and is also an equity shareholder of Blue Lagoon. Today's announcement further strengthens the long-standing relationship between the two companies, building on Nicola's previously announced $2 million unsecured line of credit to Blue Lagoon on June 23, 2025. At that time, Nicola's CEO emphasized the shared vision and strategic alignment between the two companies - a sentiment that continues to be demonstrated through this 10-year toll milling extension. This strategic alignment provides confidence that Dome Mountain mineralized material will always be given priority access to mill capacity, even as Nicola services other clients.","length":713,"tagName":"p"},{"type":"text","content":""Securing this long-term agreement with Nicola is a critical step in our transition from development to production," said Rana Vig, President & CEO of Blue Lagoon Resources. "This 10-year commitment ensures Dome Mountain has a reliable and efficient pathway for processing mineralized material and concentrate sales, underscoring our ability to move quickly toward near-term...