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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
M&A / Property

Nicola, Blue Lagoon sell $1M (U.S.) of Au, Ag to Ocean

By The Northwire Desk — AI Analysis Jan 05, 2026 · 18:52 BLLG · 0.8 Blue Lagoon Resources Inc
BLLG · Price

Executive Summary

  • Nicola Mining Inc. and Blue Lagoon Resources Inc. received the first $1.0 million USD payment from Ocean Partners U.K. Ltd. for gold and silver supplied under their long‑term partnership.
  • The payment confirms that mill feed shipments, which began on Dec. 1 2025, are proceeding as scheduled and generating revenue for both companies.
  • CEO Peter Espig highlighted the strong precious‑metal price environment and the successful ramp‑up of production through the partnership.

Key Details

  • Payment Received: $1.0 million USD from Ocean Partners U.K. Ltd. for gold and silver delivered under the long‑term agreement.
  • Partnership Background: The long‑term partnership between Nicola Mining and Blue Lagoon was announced on June 23 2025 (Nicola) and Sept. 29 2025 (Blue Lagoon).
  • Shipment Start Date: Gold and silver mill feed hauling commenced on Dec. 1 2025, with steady shipments reported by Blue Lagoon.
  • CEO Comment: “Nicola is very excited to work closely with Blue Lagoon as the two companies mutually ramp up production and revenues, amidst strong precious metal prices.” – Peter Espig, CEO, Nicola Mining Inc.
  • Qualified Person: Cameron Lilly, P.Eng., mill manager, reviewed and approved the technical information in accordance with NI 43‑101.

Notable Quotes

“Blue Lagoon's management has done an incredible job in spearheading the project through permitting and mine development to becoming a producer.” – Peter Espig, CEO, Nicola Mining Inc.

Read the original news release →

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