Nicola Mining Provides $2 Million Credit Facility to Support Blue Lagoon Resources' Gold Development
TL;DR
Nicola Mining's $2 million credit line to Blue Lagoon Resources offers a strategic advantage in near-term gold production and regional development.
The unsecured credit facility allows Blue Lagoon Resources to access C$2 million over 12 months, with interest-only payments for the first 11 months.
This collaboration between Nicola Mining and Blue Lagoon Resources supports responsible mining in British Columbia, enhancing community engagement and regional gold development.
Nicola Mining extends a $2 million credit line to Blue Lagoon Resources, showcasing a strategic model that links milling infrastructure to nearby projects.
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Nicola Mining Inc. has announced a $2 million unsecured credit facility to strategic partner Blue Lagoon Resources Inc., marking a significant step in supporting regional gold development and exemplifying Nicola's vertically integrated approach to mining. The credit line, available over a 12-month term with interest-only payments for the first 11 months, reflects Nicola's confidence in Blue Lagoon's near-term production trajectory and disciplined execution, including thorough permitting navigation and strong community engagement.
This financial support is tied to Nicola's strategic model, which leverages its Merritt milling infrastructure and tailings facility to benefit nearby projects. The initiative aligns with Nicola's mission to foster responsible mining in British Columbia, combining its milling capabilities with financial facilitation to bolster industry collaboration. Details of the credit facility can be found here.
For further updates on Nicola Mining Inc., investors are directed to the company's newsroom at https://ibn.fm/HUSIF.
Curated from InvestorBrandNetwork (IBN)
