Nicola Mining Inc. Advances Integrated Growth Strategy with $2 Million Credit to Blue Lagoon Resources

Nicola Mining Inc. (TSX.V: NIM) (OTCQB: HUSIF) has taken a pivotal step in its broader growth strategy by extending a $2 million line of credit to Blue Lagoon Resources Inc., a move that underscores its commitment to fostering industry collaboration and enhancing regional gold development in British Columbia. This strategic financial support aligns with Nicola Mining's vertically integrated approach, which leverages its Merritt milling infrastructure and tailings facility to benefit British Columbian mining projects.

The Merritt Mill, owned by Nicola Mining, holds the distinction of being the only facility in British Columbia permitted to process third-party gold and silver mill feed from across the province. Since 2016, the company has entered into several profit-share agreements with mining companies, utilizing its fully permitted mill to process ore and provide liquidity for regional exploration partners. The $2 million credit facility to Blue Lagoon Resources Inc. exemplifies Nicola Mining's strategic model, offering the company a flexible financial buffer to accelerate its growth.

Nicola Mining's initiative not only supports responsible mining initiatives in British Columbia but also reinforces its position as a critical partner in the mining sector. The company's integrated approach, combining milling capabilities with financial facilitation, is a testament to its innovative strategy in the mining industry. For more information on Nicola Mining Inc. and its projects, visit https://www.NicolaMining.com.