Nicola Mining (TSX.V: NIM) (OTCQB: HUSIF) recently took a significant step in fostering industry collaboration and bolstering regional gold development with its $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,” an article discussing this reads. “This move exemplifies Nicola’s strategic model, which links its Merritt milling infrastructure and tailings facility to British Columbian projects. Merritt Mill stands as the only facility in British Columbia permitted to process third-party gold and silver mill feed from across the province. Since 2016, Nicola has entered into several profit-share agreements with mining companies, allowing its fully permitted mill to act as a critical partner, processing ore and providing liquidity for regional exploration partners. Extending a $2 million credit facility further advances this integrated approach by providing Blue Lagoon a flexible financial buffer as the company accelerates its growth.”
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About Nicola Mining Inc.
Nicola Mining is a junior mining company that maintains a 100%-owned mill and tailings facility located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high-grade gold projects. Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes. Nicola’s gold and silver mill is the only permitted third-party processing facility in all of British Columbia.
The company owns 100% of the New Craigmont Copper Project, a high-grade copper property adjacent to Canada’s largest copper mine. The company also owns 100% of the nearby Treasure Mountain Silver Project.
For further information, visit the company’s website at www.NicolaMining.com.
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