Nicola Mining Inc. Extends $2 Million Credit Line to Blue Lagoon Resources Inc. to Support Gold Production

Nicola Mining Inc. (TSX.V: NIM) (OTCQB: HUSIF) has announced a $2 million line of credit to strategic partner Blue Lagoon Resources Inc., a move that highlights Nicola's confidence in the project's near-term production trajectory and its mission to support responsible mining initiatives in British Columbia. The unsecured credit facility allows Blue Lagoon access to $2 million over a 12-month term, with interest-only payments for the first 11 months and an option to extend for another year under revised terms (https://ibn.fm/q7HZO). This strategic financial support is part of Nicola's vertically integrated approach, leveraging its Merritt milling infrastructure and tailings facility to foster industry collaboration and regional gold development.

Nicola CEO commended Blue Lagoon for its disciplined execution, particularly in navigating permitting processes and engaging with the community. This partnership exemplifies Nicola's strategic model of combining its milling capabilities with financial facilitation to support nearby projects. The announcement reflects Nicola's broader commitment to responsible mining and its role in bolstering the mining sector in British Columbia.