Mining & Metals
Nicola Mining Commits C$5 Million in Financing to Blue Lagoon Resources
Nicola Mining (NIM.V) said Monday that it is committing C$5 million in financing to Blue Lagoon Resources (BLLG.CN).The financing, which will total C$10 million, is being made in conjunction with Ocean Partners UK, who is also committing C$5 million to Blue Lagoon, a statement said.Nicola's investment was completed through a private placement of 8.3 million shares at C$0.60 each The company previously made a C$1 million investment in Blue Lagoon in January 2024.Proceeds will support the development of Blue Lagoon's Dome Mountain Gold and Silver Project in British Columbia.Nicola Mining shares were last seen up C$0.02 at C$0.76 on the TSX Venture Exchange.Price: $0.76, Change: $+0.02, Percent Change: +2.70%
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