- The credit facility provides Blue Lagoon access to C$2 million over a 12-month term and underlies Nicola’s confidence in the project’s near-term production trajectory.
- Nicola CEO praised Blue Lagoon’s disciplined execution, noting the company’s thorough permitting navigation and strong community engagement.
- This move exemplifies Nicola’s strategic model, which links its Merritt milling infrastructure and tailings facility to nearby projects.
Nicola Mining (TSX.V: NIM) (OTCQB: HUSIF) has taken a significant step in fostering industry collaboration and bolstering regional gold development with its announcement of a $2 million line of credit to strategic partner Blue Lagoon Resources Inc. The move reflects Nicola’s mission to support responsible mining initiatives in British Columbia and aligns with its vertically integrated approach that combines milling capabilities with financial facilitation.
According to the announcement, the unsecured credit facility provides Blue Lagoon access to $2 million over a 12-month term, with repayments tied to interest-only payments during the first 11 months and an option to extend for another year under revised terms (https://ibn.fm/q7HZO). The loan is linked to…
NOTE TO INVESTORS: The latest news and updates relating to HUSIF are available in the company’s newsroom at https://ibn.fm/HUSIF
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