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An announcement from Blue Lagoon Resources ( (TSE:BLLG) ) is now available.
Blue Lagoon Resources has successfully closed the final tranche of its private placement financing, raising a total of $4,871,750. The funds will be used to complete the construction of a water treatment plant and provide initial working capital as the company prepares to commence production at its Dome Mountain Gold Project in the summer of 2025. The financing was oversubscribed, with significant participation from existing shareholders and strategic investors, indicating strong confidence in the company’s future. This development positions Blue Lagoon to generate cash flow and drive growth, with the Dome Mountain Gold Project set to begin production in Q3 2025.
More about Blue Lagoon Resources
Blue Lagoon Resources Inc. is a Canadian publicly listed mining company focused on developing its 100% owned Dome Mountain Gold project in British Columbia, Canada. The company aims to build shareholder value through aggressive development and is led by professionals with significant finance and mining experience. It operates in a prime mining jurisdiction and has recently achieved a key milestone with the granting of a full mining permit, one of only nine issued in British Columbia since 2015.
YTD Price Performance: 220.0%
Average Trading Volume: 138,977
Technical Sentiment Signal: Sell
Current Market Cap: $39.27M
Learn more about BLLG stock on TipRanks’ Stock Analysis page.