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The Canadian Securities Exchange ("CSE" or "the Exchange") today announced market statistics for July 2025.
July 2025 Operating Statistics
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Blue Lagoon Resources
Investor Insight
Blue Lagoon offers a compelling low-risk, high-upside opportunity in a rising gold price environment driven by a focused transition from junior exploration to gold production, strong insider ownership and low capital intensity.
Overview
Blue Lagoon Resources (CSE:BLLG,OTCQB:BLAGF,FSE: 7BL) is emerging as British Columbia’s next high-grade underground gold producer. The company’s 100 percent owned Dome Mountain gold mine has achieved the rare milestone of securing a full BC mining permit, setting the stage for near-term production. The company will use early cash flow to expand the existing high-grade resource and unlock the significant exploration potential across the vast land package.
Over $30 million has already been invested in development and drilling at Dome Mountain since 2019, including more than 48,000 meters of drilling that led to the discovery of two new zones: Chance Structural and the Federal zone. The current NI 43-101 resource—focused solely on the Boulder Vein—includes 45,000 oz of gold (measured), 173,000 oz (indicated), and 16,000 oz (inferred), along with over 1.1 million oz (Moz) of silver. However, this represents just a fraction of the potential: Dome Mountain hosts 15 known high-grade veins on only 10 percent of the 22,000-hectare land package, 90 percent of which remains unexplored.
What sets Blue Lagoon apart is its disciplined business model—generating revenue through production to fund exploration, instead of relying on continuous dilution. By minimizing upfront capital requirements and leveraging strong partnerships—including community support from the Lake Babine Nation and financial backing from strategic investors—Blue Lagoon is positioned to scale efficiently.
Blue Lagoon is led by a seasoned team of entrepreneurs, mine builders, and technical experts with deep experience in financing, permitting, and operating gold projects.
Company Highlights
- One of only seven precious metal projects permitted in British Columbia over the last decade. Dome Mountain is set to restart in Q3 2025 with all major permits in hand.
- First gold sales expected in Q3 2025; initial production of 15,000 oz gold/year from 55,000 tons of underground mineralized material.
- Toll milling agreement in place with Nicola Mining; pre-production capex limited to the completion of a water treatment plant.
- Property spans nearly 22,000 hectares with 15 known high-grade veins, but only 10 percent has been explored.
- Strong alignment with shareholder value, Blue Lagoon’s strategy is to minimize dilution by funding exploration through mine cash flow.
- Strong working relationship with Lake Babine Nation and full community support.
Key Project
Dome Mountain Gold Project
The Dome Mountain gold project is Blue Lagoon Resources’ flagship and sole focus, representing a rare near-term production opportunity in a premier jurisdiction. Located just 50 minutes from the mining-friendly town of Smithers, BC, the project spans nearly 21,000 hectares of mineral titles in a richly endowed gold belt with excellent infrastructure, road access and power. The mine has a long history, with more than $80 million in historical investment from Noranda, Timmins and Blue Lagoon, including more than $30 million since 2019.
The Dome Mountain mine is a fully permitted, high-grade, underground gold-silver project. In February 2025, the company secured both its mine permit from the BC Ministry of Energy, Mines and Low Carbon Innovation, and an associated effluent discharge permit from the Ministry of Environment and Climate Change Strategy. These permits enable full-scale mining operations to commence—an achievement few companies have attained in British Columbia over the past decade.
Initial operations will focus on the Boulder Vein System, which hosts the current NI 43-101 resource. The resource includes 45,000 oz of measured gold at 10.32 grams per ton (g/t), 173,000 oz indicated at 8.15 g/t, and 16,000 oz Inferred at 6.02 g/t Au. These zones also contain significant silver by-products, totaling over 1.1 Moz across categories. The resource is based on a 3.5 g/t gold cutoff and only covers one of at least 15 known high-grade veins on the property.
Dome Mountain project site layout
The Boulder Vein is being developed for initial production of 15,000 oz of gold per year, processed via a toll milling agreement with Nicola Mining. Metallurgical recoveries from a previously processed 5,000-ton bulk sample returned 95 percent gold and 90 percent silver recoveries, confirming the project's strong economics. Pre-production capital costs are minimal, with the only major requirement being the completion of the on-site water treatment facility, expected by May 2025.
Despite the historical work, 90 percent of the property remains unexplored. Blue Lagoon has already completed over 48,000 meters of drilling since 2020 and made two new discoveries (Chance Structural and Federal One). Recent airborne magnetic and IP geophysical surveys have identified numerous new drill targets, and internal modeling suggests the potential to grow the resource to more than 1 Moz. All exploration is fully funded through anticipated cash flow, minimizing dilution and offering investors exposure to both near-term revenue and long-term discovery potential.
Management Team
Rana Vig – Founder, CEO & Director
A veteran entrepreneur with over 30 years of experience in public and private markets, Rana Vig has a deep history of building and financing ventures in the mining, cannabis and technology sectors. Prior to founding Blue Lagoon, he served as CEO of Lead Ventures, where he orchestrated a $5-billion reverse takeover of Curaleaf Holdings—Canada’s largest cannabis financing to date. Under his leadership, Blue Lagoon secured its final mine permit for Dome Mountain, raised over $30 million, and positioned the company for near-term gold production. Known for his execution-focused strategy and shareholder alignment, Vig and his family are among the company’s largest shareholders, having recently increased their stake with additional personal investments.
William Cronk – Chief Geologist
With over 35 years of global experience, William Cronk leads the company’s exploration programs. He has worked across North and South America, Africa and Europe, and has contributed to both grassroots and advanced-stage projects. His past roles include senior positions at Dundee Precious Metals and Northern Empire (acquired by Coeur Mining). Cronk has overseen Blue Lagoon’s extensive drilling campaigns at Dome Mountain, including over 48,000 meters of drilling, and was instrumental in the discovery of the Chance Structural and Federal One zones. His understanding of structurally controlled gold systems has positioned the company to unlock the broader exploration potential of the property.
Roy Edvardsen – Dome Mountain Mine Manager
Roy Edvardsen brings more than four decades of operational mining experience and is currently overseeing the preparation and execution of the Dome Mountain restart. His background includes roles as mine superintendent and underground mine manager at some of Canada’s most recognized operations, including the Wolverine Mine (Yukon), Ekati Diamond Mine (NWT) and Eskay Creek (BC). Known for his focus on underground mine safety and operational efficiency, Edvardsen has implemented robust ground control, ventilation and emergency protocols at Dome in preparation for production.
Gurdeep Bains – Director
Gurdeep Bains is a chartered professional accountant with more than two decades of financial and corporate development experience. He spent 10 years at Canaccord Genuity, where he managed internal audits, financial analysis, and played a key role in global expansion projects totaling over $850 million across Canada, the US, UK, Australia and China. His expertise in due diligence, M&A integration and financial governance supports Blue Lagoon’s capital discipline and operational transparency.
Summer 2025 production ready gold producer in British Columbia with significant exploration upside
Canadian Securities Exchange Reports July 2025 Performance Figures
- Trading volume of CSE listed securities totaled 1.6 billion shares;
- Trading value of CSE listed securities was $621 million;
- CSE issuers completed 92 financings that raised an aggregate $595 million; and
- The CSE welcomed listings from two new companies, both fundamental changes of existing issuers. The total number of listed securities was 748 as at July 31, 2025.
"July was an extremely active period for the Canadian Securities Exchange, with trading activity reaching the highest level of any single month since 2022," said Richard Carleton, CEO of the CSE. "In addition, the month of July featured three of the four largest financings completed to date on the Exchange this year, as Asante Gold Corporation raised $236.8 million, Vireo Growth Inc. raised US$153 million, and Draganfly Inc. raised US$25 million. We were pleased to see such strong trading and financing activity during the traditionally slower summer season."
What's On at the CSE
The CSE is excited to be sponsoring and participating in the 2025 Canadian Security Traders Association (CSTA) conference, taking place in Ottawa on August 20-22. The annual conference brings together a diverse group of financial market experts to discuss key topics impacting capital markets. Richard Carleton will be speaking on a "Market Place Roundtable" panel on August 21 with senior executives from other Canadian exchanges. They will discuss issues shaping the future of securities trading in Canada.
The CSE team will be returning to Beaver Creak Resort in Colorado for the annual Precious Metals Summit Beaver Creak on September 9-12. The invitation-only conference features nearly 200 mining companies and a who's who of expert speakers in the sector. Several CSE-listed companies are participating in the conference, including Abitibi Metals Corp. (AMQ), Asante Gold Corporation (ASE), Blue Lagoon Resources Inc. (BLLG,OTC:BLAGF), Exploits Discovery Corp. (NFLD), Headwater Gold Inc. (HWG), Kuya Silver Corporation (KUYA), and Yukon Metals Corp. (YMC).
The CSE will be in Halifax on September 16 for its latest Going Public and Raising Capital in Canada event. These seminars provide entrepreneurs and company founders with detailed information and strategies to successfully enter Canada's capital markets. The line-up of expert speakers for this event includes Scott Pritchard, the CSE's Senior Advisor of Listings Development for Quebec and Eastern Canada, and James Black, the CSE's Vice President of Listings Development. Phillip Shum, Director of Listings Development, will also be in attendance and available to speak with attendees. The event also features a networking reception.
New Listings in July 2025
SuperQ Quantum Computing Inc. (QBTQ) – Fundamental Change
Libra Energy Materials Inc. (LIBR) – Fundamental Change
About the Canadian Securities Exchange:
The Canadian Securities Exchange is a rapidly growing exchange invested in working with entrepreneurs, innovators and disruptors to access public capital markets in Canada. The Exchange's efficient operating model, advanced technology and competitive fee structure help its listed issuers of all sectors and sizes minimize their cost of capital and enhance global liquidity.
Our client-centric approach and corresponding products and services ensure businesses have the support they need to confidently realize their vision.
The CSE offers global investors access to an innovative collection of growing and mature companies.
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Contact:
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richard.carleton@thecse.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262540
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Blue Lagoon Resources Officially Opens Dome Mountain Gold Mine in British Columbia
(TheNewswire)
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July 11, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to announce the official opening of its wholly owned Dome Mountain Gold Mine Project, that recently received its mining permit making it one of only nine mining permits granted in British Columbia in the past decade - and one of just a few high-grade, road-accessible gold projects to reach production-ready status in recent years.
The celebration, held on July 9, 2025, brought together over 100 guests from across Canada and abroad — including attendees from Germany, South Carolina, Denver, Montana and Toronto — to mark this significant milestone for the Company and the region.
Dignitaries in attendance included the Mayor of Smithers, Gladys Atrill; MLA Sharon Hartwell (Bulkley Valley-Stikine); and MP Ellis Ross (Skeena-Bulkley Valley). Also present were various representatives from the Ministry of Mines and Critical Minerals and other provincial agencies. Minister of Mining and Critical Minerals, Jagrup Brar, was unable to attend in person due to his participation in the annual Conference of Mines Ministers of Canada, held in Prince Edward Island. However, he shared a recorded message acknowledging the importance of the project, which was played during the event. Minister Brar is scheduled to visit and tour the Dome Mountain site later this month.
In a powerful display of cultural heritage and support, 18 Hereditary Chiefs and Guardians from the Lake Babine Nation (LBN) joined Hereditary Chief and Council Member Fabian Michell for the opening ceremony, which featured a traditional drum ceremony representing songs from all four LBN clans: Bear, Beaver, Frog, and Caribou.
"We were deeply honoured to stand alongside the Lake Babine Nation, whose presence and participation made this day truly meaningful," said Rana Vig, President & CEO of Blue Lagoon Resources. "This is more than just the opening of a gold mine — it's a moment that reflects years of hard work, resilience, and respectful collaboration."
During the two-day event, guests had the opportunity to take underground tours as well as visit the recently completed, state-of-the-art water treatment plant — a key environmental safeguard for the project. The facility has the capacity to treat over six times the current needs at Dome Mountain, ensuring long-term environmental resilience as production scales.
With the mine officially open, pre-production work will begin next week, setting up Dome Mountain to begin mining and transition to near-term cash flow once the Moving Bed Biofilm Reactor (MBBR) system is commissioned - expected in about four weeks. The two-stage water-treatment facility features a functioning High-Density Sludge (HDS) circuit and the MBBR circuit, which uses microbes to remove blasting-related ammonia and nitrates. The MBBR's biological ramp-up phase typically takes approximately four weeks. Mining will commence immediately upon the completion of this phase.
"As a geologist, this is a proud moment in my career," said Bill Cronk, Chief Geologist and Project Manager at Blue Lagoon Resources. "To see a project go from exploration to production — and to be part of that transformation — is something most geologists only dream of. This team made it happen and I'm very proud of that."
The event also welcomed strategic investors and partners, including Dr. Quinton Hennigh, technical advisor to Crescat Capital, and Peter Espig, CEO of Nicola Mining, with whom Blue Lagoon has a long-term toll milling agreement.
"Dome Mountain represents what's possible when entrepreneurial determination meets responsible mining practices," said Peter Espig, CEO of Nicola Mining. "We're proud to support Blue Lagoon in bringing this project to life, and to be part of a partnership grounded in trust, transparency, and technical excellence."
Throughout the event, Blue Lagoon's highly experienced technical team was on site to answer questions and provide detailed explanations of the mining methods and techniques planned for Dome Mountain. This included Steve Cutler of Roughstock Mining, an accomplished underground mining consultant with decades of experience who has worked on a wide range of underground gold projects across North America. Also present was Peter Bojtos, a professional mining engineer with global experience who has been directly involved in the opening or reopening of 19 mines over the course of his career — making Dome Mountain his 20th. Mr. Bojtos is a current director of Avino Silver & Gold Mines Ltd (formerly Chairman) (ASM:NYSE) and a technical advisor on the Dome Mountain Gold Project.
With pre-production work beginning next week, Blue Lagoon Resources is now positioned to become one of British Columbia's next producing high-grade gold mines.
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining
jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2025 TheNewswire - All rights reserved.
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Blue Lagoon Announces Major Steps Toward Production: Fully Funded, Government Inspections Passed, and Water Treatment Plant Completed
(TheNewswire)
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June 30, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to provide a corporate update highlighting significant progress at its Dome Mountain Gold Project as it prepares to enter production in a strong gold market.
"We are fully funded, fully permitted, and now entering the final stages of mine readiness — with no short-term debt, multiple successful government inspections, and a water treatment plant that has now been completed," said Rana Vig, President and CEO. "The confidence shown by our institutional investors, along with new strategic backing and the recently signed $2 million line of credit — not secured against our property — from Nicola Mining, gives us the flexibility to fund mining and development without delay. We're ready — and we're moving quickly toward cash flow."
FULLY FUNDED WITH STRONG BACKING AND NO DEBT
Blue Lagoon recently completed a successful non-brokered financing, fully subscribed by existing long-term shareholders including Crescat Capital, Phoenix Gold Fund, and Nicola Mining, alongside a small group of new strategic investors. In addition, CEO Rana Vig and Board Member Gurdeep Bains both increased their personal stakes in the Company.
The Company currently carries no short-term debt and has in-the-money warrants valued at over $3.6 million. As further validation of the project, Blue Lagoon has secured a $2 million line of credit from Nicola Mining, which can be drawn in $500,000 tranches — without any encumbrance on the Company's mineral property. While the Company may ultimately never need to draw on this facility, having access to it provides an important financial backstop. It ensures capital is available if needed to support production ramp-up, seize opportunity, or manage any unforeseen short-term needs — all without causing further dilution to existing shareholders.
SENIOR UNDERGROUND GEOLOGIST HIRED TO
STRENGTHEN TECHNICAL TEAM
The Company is also pleased to welcome Michael McCardal as Senior Underground Geologist. Mr. McCardal brings three decades of underground gold mining experience with producers including Ascot Resources, Barkerville Gold Mines, Pure Gold Mining, and Kirkland Lake Gold.
At Ascot's Big Missouri deposit, he led underground sampling protocols, grade tracking, and stope planning. At Kirkland Lake's Macassa and Taylor Mines, he was instrumental in ore control, face mapping, and production reconciliation.
"Mike's experience will be very helpful in establishing best-in-class grade control and optimizing early stopes as we move into production this summer," said Vig.
INSPECTIONS PASSED WITH FLYING COLOURS
As part of its final mine preparation, the Company successfully passed three separate government inspections, confirming operational readiness across critical areas:
• Electrical Inspection – Verifying compliance with site-wide above and underground power systems.
• Reclamation & Geoscience Inspection – Reviewing on-going geological reporting and reclamation progress.
• Ground Control & Health and Safety Inspection – Ensuring safe above and underground conditions and mining procedures.
"These clean inspections are a testament to the strength of our team and the standard of work being done at Dome Mountain," said Yannis Tsitos, Chair of the Company's mining committee.
CONSTRUCTOIN OF WATER TREATMENT PLANT COMPLETE
Construction of Blue Lagoon's water treatment system — a critical component of the Company's environmental compliance plan — is now complete and partially commissioned, as required under the Company's Mines Act permit.
The system consists of two integrated technologies: a High-Density Sludge (HDS) circuit, which is fully installed and operational, and a Moving Bed Biofilm Reactor (MBBR) , designed to treat ammonia and nitrates from blasting residues using a microbial process. The MBBR circuit has also been fully constructed and is about to undergo microbial activation — a biological ramp-up that typically takes 2 to 4 weeks.
Designed to meet all regulatory discharge standards, the plant is engineered to treat mine water efficiently and in full alignment with the Company's permit conditions. Blue Lagoon worked closely with Soren Jensen , the Company's principal environmental consultant from SRK Consulting. Mr. Jensen holds a master's degree in chemical engineering and has developed, designed, commissioned, and operated mine water treatment systems for mining operations for over 20 years, including similar treatment plants at other underground gold mines in Northern Canada.
Just as importantly, the Company collaborated closely with regulatory agencies and the Lake Babine Nation throughout the design and construction process to ensure the system meets both technical and community expectations.
With the construction of the water treatment system complete and regulatory milestones achieved, the Company is advancing mine development activities in accordance with its permit. Â Environmental monitoring will continue during the MBBR activation phase to ensure ongoing compliance as the system reaches full operational capacity.
This milestone represents a major step toward production readiness and reinforces Blue Lagoon's commitment to responsible, permit-driven development. The official mine opening is scheduled for July 9, 2025.
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. Â The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Â Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Blue Lagoon Resources Added to CSE25 Index - Recognized Among 25 Largest Companies on the Canadian Securities Exchange
(TheNewswire)
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June 26, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is pleased to announce that it has been added to the CSE25 Index the Canadian Securities Exchange's benchmark index that tracks the top 25 issuers by market capitalization.
The CSE25 Index is a sub-index of the CSE Composite Index and includes the largest companies by market capitalization on the exchange. Inclusion in the index represents a significant achievement for Blue Lagoon, reflecting its growing market capitalization, strong shareholder support, and providing increased visibility among institutional investors.
"Being added to the CSE25 is a meaningful indication of the progress that we have made," said Rana Vig, President & CEO of Blue Lagoon Resources . "With a fully permitted project, funding in place, and gold production expected to begin this summer, our inclusion in the index is a reflection of both market confidence and the strength of our strategic execution."
This announcement comes on the heels of several recent achievements:
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The Company received its final mining permit earlier this year, making it one of only nine such permits granted in British Columbia in the last decade.
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The Company strengthened its relationship with its toll milling partner, Nicola Mining, by executing a $2 million line of credit agreement — reinforcing the strategic partnership while providing non-dilutive financial flexibility. Notably, the facility is unsecured and does not require any collateral against the Dome Mountain project.
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The Company remains fully funded to first production, backed by long-term institutional and strategic investors including Crescat Capital, Phoenix Gold Fund, and Nicola Mining. This strong financial position is further supported by a recently completed financing of over $4.8 million and more than $3.6 million in-the-money warrants, offering additional non-dilutive capital potential.
"We are entering a new phase of growth," added Vig. "As a member of the CSE25, we look forward to reaching a broader audience of investors and continuing to create value as we move toward cash flow."
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource.  The Company understands that there is increased uncertainty, and  consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Â Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
Copyright (c) 2025 TheNewswire - All rights reserved.
News Provided by TheNewsWire via QuoteMedia
Blue Lagoon Secures $2 Million Line of Credit from Nicola Mining Enhancing Financial Flexibility Ahead of Production
(TheNewswire)
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June 23, 2025 TheNewswire - Vancouver, British Columbia Blue Lagoon Resources Inc. (the " Company ") (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is pleased to announce that it has entered into a credit agreement with its toll milling partner, Nicola Mining Inc . providing the Company with a $2 million line of credit without any security against the Company's mineral property or physical assets.
The facility, which carries a competitive interest rate linked to the 3-month SOFR (Secured Overnight Financing Rate), is repayable over a 12-month term with interest-only payments during the first eleven months. At the Company's discretion, the loan can be extended for an additional 12 months, with adjusted terms.
Importantly, the loan is structured to allow maximum operational flexibility , with no requirement for project collateralization — underscoring Nicola's confidence in the Dome Mountain Gold Project and its near-term production trajectory.
"We're extremely pleased to have the continued support of Nicola Mining, not only as our toll milling partner but also as a continued financial backer," said Rana Vig , President and CEO of Blue Lagoon. "This line of credit adds an extra layer of security to our already strong balance sheet and gives us added flexibility as we finalize preparations for gold production this summer. It's a clear sign that sophisticated investors recognize the value of Dome Mountain and its cash flow potential."
This agreement comes on the heels of Blue Lagoon's recently completed financing, which was fully subscribed by long time existing shareholders that included Crescat Capital and Phoenix Gold fund as well as new strategic investors. The Company remains fully funded , with no short-term debt and over $3.6 million in in-the-money warrants , positioning it strongly as it enters the final phase of development.
While the Company may ultimately never need to draw on this facility, having access to it provides an important financial backstop. It ensures capital is available if needed to support production ramp-up, seize opportunity, or manage any unforeseen short-term needs - all without causing further dilution to existing shareholders.
Peter Espig , President and CEO of Nicola Mining, commented: "We've worked closely with the Blue Lagoon team for some time and continue to be impressed by their methodical and disciplined approach. Successfully navigating B.C.'s rigorous permitting process, while also building a strong, trust-based relationship with the Lake Babine Nation, speaks volumes about their leadership. We are pleased to provide this credit facility and look forward to supporting their transition to gold and silver production."
If the Company chooses to access this facility, Nicola Mining will maintain a short-term security interest over the Company's gold and silver production from the Dome Mountain Gold Project until the loan is repaid in full.
About Blue Lagoon Resources Inc.
Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 - one of only nine such permits issued in British Columbia since 2015 - Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company's primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.
The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. Â The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
For further information, please contact:
Rana Vig
President and CEO
Telephone: 604-218-4766
Email: ranavig@bluelagoonresources.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "targets", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "mine", "production" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to
differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Â Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's, contractor's and consultants' beliefs, estimates or opinions, or other factors, should change.
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