Nicola Mining and Blue Lagoon Resources Announce US$1.0 Million Precious Metals Sale to Ocean Partners UK

Nicola Mining Inc. (TSX.V: NIM) (FSE: HLIA) (OTCQB: HUSIF) and Blue Lagoon Resources (CSE: BLLG) have successfully sold US$1.0 million of gold and silver to Ocean Partners UK Limited, marking a significant milestone in their ongoing collaboration. This transaction underscores the operational momentum between the two companies as they continue to advance their mining activities. The sale represents tangible progress in converting mineral resources into revenue, particularly important given the current strong pricing environment for precious metals.

The partnership between Nicola Mining and Blue Lagoon Resources has been steadily developing since Blue Lagoon commenced gold and silver mill feed hauling operations in December 2025. Since that time, Blue Lagoon has maintained consistent shipments, demonstrating operational reliability and commitment to the joint venture. This steady flow of material has enabled both companies to work toward their shared goal of ramping up production and increasing revenues. The ability to secure a substantial sale with an established international buyer like Ocean Partners UK Limited validates the quality of their output and the effectiveness of their partnership structure.

Nicola Mining brings significant infrastructure to this collaboration, including its 100% owned mill and tailings facility located near Merritt, British Columbia. This fully permitted facility is capable of processing both gold and silver mill feed through gravity and flotation processes, providing essential processing capacity for the partnership's operations. The company's strategic assets extend beyond precious metals processing, as it also owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith. This property's adjacency to Highland Valley Copper, Canada's largest copper mine, highlights its strategic positioning within a proven mining district.

The successful US$1.0 million sale occurs against a backdrop of favorable market conditions for precious metals, with gold and silver prices remaining strong. This transaction demonstrates the companies' ability to capitalize on these market conditions through effective partnership and operational execution. The revenue generated from this sale provides working capital that can be reinvested into further exploration, development, and production activities, potentially accelerating their growth trajectory. For investors and stakeholders, this announcement signals concrete progress in the companies' stated objectives of building production and revenue streams.

The collaboration between Nicola Mining and Blue Lagoon Resources exemplifies how junior mining companies can leverage partnerships to achieve operational scale and market access that might be challenging to accomplish independently. By combining Nicola's processing infrastructure with Blue Lagoon's mining operations, the partnership creates a more complete value chain from extraction to sale. This integrated approach positions both companies to better navigate the capital-intensive nature of mining operations while maximizing returns from their respective assets. The continued development of this partnership suggests potential for additional sales and production increases as operations mature and expand.