Blue Lagoon Resources Inc. has announced its first sale of gold and silver to Ocean Partners UK Limited from mineralized material delivered to milling partner Nicola Mining Inc. for processing. The company expects to receive C$970,000 for this initial delivery, representing its first revenue from production at the Dome Mountain project in British Columbia.
This payment serves as an advance on approximately 1,000 tonnes of material delivered to Nicola, with final settlement pending processing completion and subject to customary adjustments including final assays and prevailing metal prices. The company views this transaction as a significant inflection point, marking Blue Lagoon's transition from pre-revenue development to revenue-generating operations.
"This sale marks a significant milestone for Blue Lagoon," said President and CEO Rana Vig. "The Company is now focused on continued execution as we advance on development and production activities, increase throughput, and work toward consistent, steady-state operations." The achievement places Blue Lagoon among a select group of junior mining companies that have successfully advanced from development into production and sale of precious metals.
Following a brief Christmas holiday break, underground development, production and shipments are expected to resume in the first week of January. Further disclosure regarding the grades of the initial shipment will be provided following processing by Nicola. The company's production decision at Dome Mountain is based on existing mining infrastructure, past bulk sampling and processing activity, and established mineral resource rather than a feasibility study of mineral reserves.
This development carries substantial importance for the mining industry and investors, demonstrating that junior mining companies can successfully navigate the challenging transition from exploration to revenue generation. The successful sale validates Blue Lagoon's operational approach and provides working capital that can be reinvested into further development. According to company information available at https://www.bluelagoonresources.com, Blue Lagoon plans to reinvest internally generated cash flow into near-mine and regional exploration beginning in H1 2026 to expand its resource base.
The company also announced it has granted 3,000,000 restricted share units and 200,000 stock options to certain directors, officers, management and consultants pursuant to its omnibus equity incentive plan. The stock options are exercisable at $0.66 per share and expire five years from issuance, subject to approval by the Canadian Securities Exchange.
For the mining sector, Blue Lagoon's successful transition to revenue generation serves as an important case study in project advancement within British Columbia's regulatory environment. The company achieved a significant regulatory milestone in February 2025 with the granting of a full mining permit, one of only nine issued in the province since 2015. This progression from permit to production to revenue within a single year demonstrates efficient project execution in a jurisdiction known for its stringent environmental and regulatory standards.
The implications extend beyond Blue Lagoon to the broader junior mining sector, where many companies struggle to advance projects beyond the exploration phase. Successful revenue generation provides validation for operational strategies and creates potential for sustained development without complete reliance on external financing. As metal prices fluctuate and operational challenges persist, Blue Lagoon's milestone represents a tangible step toward establishing a profitable, cash-flowing gold production operation in one of the world's most attractive mining jurisdictions.
