Nicola Mining Reports Blue Lagoon Begins Delivering High-Grade Millfeed to Merritt Mill

Nicola Mining Inc. announced that Blue Lagoon Resources has commenced transporting high-grade gold and silver millfeed to the company's mill near Merritt, British Columbia. This development represents a key advancement in the long-term partnership between the two companies, under which Nicola previously provided a non-dilutive $2 million line of credit to support Blue Lagoon's operations.

Chief Executive Officer Peter Espig emphasized that this milestone reflects Blue Lagoon's successful transition of its Dome Mountain project into a producing mine. The collaboration aligns with both companies' focus on sustainable mining practices and operational efficiency. Espig noted that Nicola's mill demonstrates significant processing versatility, with the capability to handle materials from multiple sites including Treasure Mountain, Dominion Creek, and New Craigmont.

The Merritt mill facility, which is fully permitted and owned entirely by Nicola Mining, utilizes both gravity and flotation processes to extract gold and silver from mill feed. This operational flexibility allows the company to process materials from various sources while maintaining consistent production standards. The partnership with Blue Lagoon represents a strategic move to optimize mill utilization and generate revenue through processing agreements.

Nicola Mining maintains several strategic assets that complement its milling operations. The company 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 is adjacent to Highland Valley Copper, which stands as Canada's largest copper mine. Additionally, Nicola owns the Treasure Mountain Property, comprising 30 mineral claims and a mineral lease spanning over 2,200 hectares.

The commencement of millfeed delivery from Blue Lagoon's Dome Mountain project represents a tangible step forward in realizing the value of Nicola's milling infrastructure. By processing materials from external partners while maintaining its own exploration and development projects, Nicola Mining positions itself as both a project operator and a service provider within the mining sector. This dual approach allows the company to generate revenue through multiple channels while advancing its core assets.

For additional information about Nicola Mining's operations and corporate updates, investors can access the company's newsroom at https://ibn.fm/HUSIF. The partnership between Nicola Mining and Blue Lagoon Resources exemplifies the collaborative approach increasingly common in the junior mining sector, where shared infrastructure and expertise can accelerate project development while managing capital requirements.