• Nicola Mining subscribed for 8,333,333 Blue Lagoon shares in a $5 million private placement priced at $0.6 per share.
• Deal formed part of a combined $10 million financing alongside Ocean Partners, aimed at advancing Dome Mountain mine development toward 150–200 tpd.
• Investment followed Nicola’s earlier $1 million strategic placement in Blue Lagoon completed on Jan. 17, 2024 at $0.14 per share.
• Ocean Partners committed a separate $5 million tranche, taking its total commitment to Blue Lagoon to $8 million including a previously announced $3 million.
• Nicola’s Merritt Mill is expected to support Blue Lagoon’s production ramp-up as a permitted regional gold-silver processing facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nicola Mining Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-104835), on September 03, 2026, and is solely responsible for the information contained therein.