Nicola Mining Inc. and Blue Lagoon Resources have completed a US$1.0 million sale of gold and silver to Ocean Partners UK Limited, according to a recent announcement. This transaction represents continued progress in the long-term partnership between the two companies as they work to increase production and revenues during a period of strong precious metals prices. The companies noted that Blue Lagoon has maintained steady shipments since beginning gold and silver mill feed hauling in December 2025. This consistent operational activity supports their efforts to scale production capabilities and capitalize on current market conditions. The sale to Ocean Partners UK Limited provides tangible evidence of revenue generation from their collaborative mining operations.
Nicola Mining maintains a 100% owned mill and tailings facility near Merritt, British Columbia, which is fully permitted to process both gold and silver mill feed through gravity and flotation processes. The company has signed Mining and Milling Profit Share Agreements with high-grade gold projects, creating additional revenue streams beyond its own mining operations. More information about the company's developments is available at https://ibn.fm/HUSIF. The company's asset portfolio includes 100% ownership of the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith. This property is adjacent to Highland Valley Copper, Canada's largest copper mine, providing strategic positioning in a significant mining region. Nicola Mining also owns 100% of the Treasure Mountain Property, which consists of 30 mineral claims and a mineral lease spanning over 2,200 hectares.
The US$1.0 million sale demonstrates the companies' ability to convert mining operations into revenue during a favorable market period for precious metals. This transaction represents a significant step in their operational development and partnership execution, providing capital that can be reinvested into further production expansion and operational improvements. The steady shipments maintained by Blue Lagoon since December 2025 indicate consistent operational performance that supports future revenue generation. The partnership's ability to maintain consistent shipments and complete substantial sales transactions during strong market conditions highlights their operational stability and revenue-generating potential in the precious metals sector.
