Nicola Mining and Blue Lagoon Close First Million-Dollar Precious Metals Trade Under Strategic Partnership

DeFiCaffeinator · 2026-01-12T18:42:51+00:00

Nicola Mining Inc. has achieved its first precious metals sale worth $1 million through its partnership with Blue Lagoon Resources. This milestone reflects their operational success and integrated production capabilities, positioning both companies for future growth in the mining sector.

DeFiCaffeinator

2026-01-12 18:42:51

Abstract generation in progress

Nicola Mining Inc. (TSXV: NIM) has successfully completed its inaugural precious metals sale under a long-term strategic arrangement with Blue Lagoon Resources (CSE: BLLG). The transaction, valued at US$1.0 million for gold and silver, was conducted with Ocean Partners UK Limited, marking a significant milestone for both mining operations amid favorable commodity pricing conditions.

Consistent Supply Momentum Drives Commercial Success

Since commencing mill feed hauling operations on December 1, 2025, Blue Lagoon has maintained reliable shipment deliveries, reinforcing the operational stability of this partnership. The two companies previously formalized their long-term commitment, and this successful sale demonstrates the partnership’s ability to execute at scale. Peter Espig, CEO of Nicola Mining, stated that the company is “very excited to work closely with Blue Lagoon as the two companies mutually ramp up production and revenues.” He further noted that Blue Lagoon’s management “has done an incredible job in spearheading the project through permitting and mine development to becoming a producer.”

Integrated Production Capabilities Position Both Companies for Growth

Nicola Mining operates a fully permitted mill and tailings facility near Merritt, British Columbia, equipped to process both gold and silver through gravity and flotation methodologies. The company maintains a 100% stake in the New Craigmont Project, a high-grade copper property spanning over 10,800 hectares along the Guichon Batholith adjacent to Highland Valley Copper, Canada’s largest copper mine. Additionally, Nicola holds full ownership of the Treasure Mountain Property, a fully-permitted high-grade silver mine covering more than 2,200 hectares across 30 mineral claims and a mineral lease.

This the blue lagoon partnership structure leverages Nicola’s processing infrastructure with Blue Lagoon’s mining and development capabilities, creating a vertically integrated supply chain for precious metals production and sales.

Cameron Lilly, P. Eng., Mill Manager and Qualified Person under National Instrument 43-101, supervised and approved all technical information in this announcement.

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