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Blue Lagoon Resources ( (TSE:BLLG) ) has issued an update.
Blue Lagoon Resources has completed the second tranche of its non-brokered private placement, raising a total of $1,297,500. Key investors such as Crescat Capital, Phoenix Gold Fund, and Nicola Mining have increased their stakes, reflecting confidence in the company’s Dome Mountain project, which recently received a mining permit. The funds will be used for final preparations for the mine’s opening, including the installation of a water treatment facility, with production targeted for early Q3 2025.
More about Blue Lagoon Resources
Blue Lagoon Resources is a Canadian-based publicly listed mining company focused on developing its 100% owned Dome Mountain Gold project in British Columbia. The company aims to build shareholder value through aggressive development and is managed by professionals with significant finance and mining experience.
YTD Price Performance: 86.32%
Average Trading Volume: 110,197
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $21.84M
For detailed information about BLLG stock, go to TipRanks’ Stock Analysis page.
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