Nicola Mining and Blue Lagoon Receive First Payment for Gold and Silver Under Long Term Partnership

Executive Summary

• Nicola Mining and partner Blue Lagoon Resources sold US $1.0 million of gold and silver to Ocean Partners UK Limited.
• The sale confirms the continuation of steady mill‑feed shipments that began on 1 December 2025 under a previously announced long‑term partnership.
• CEO Peter Espig highlighted the ramp‑up in production and revenue amid strong precious‑metal prices.

Key Details

• Transaction amount: US $1,000,000 worth of gold and silver sold to Ocean Partners UK Limited.
• Counterparty: Ocean Partners UK Limited – a global base‑metal mining and smelting network.
• Partner involvement: Blue Lagoon Resources continues to provide steady shipments of mill feed to the sale, as first announced on 1 December 2025.
• Long‑term partnership: The parties previously disclosed a commitment to a long‑term collaboration (announced June 23 2025 by Nicola Mining and September 29 2025 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.
• Qualified Person: Cameron Lilly, P. Eng., Mill Manager, reviewed and approved all technical information in the release per NI 43‑101 standards.

Notable Quotes

“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 & Director, Nicola Mining.