Blue Lagoon Resources Secures Funding for Dome Mountain Mine Preparations

Blue Lagoon Resources ( (TSE:BLLG) ) has shared an announcement.

Blue Lagoon Resources has successfully closed a third tranche of its non-brokered private placement, raising a total of $2,646,750 across three tranches. The funds will be used to complete final preparations at the Dome Mountain mine site, including the installation of a water treatment facility, and to provide initial working capital for the transition to gold and silver production. This financing reflects strong shareholder confidence and positions the company to commence production by Q3 2025, enhancing its industry standing and delivering value to stakeholders.

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, Canada. The company aims to build shareholder value through aggressive development and has achieved a key milestone with the granting of a full mining permit. It is led by professionals with significant finance and mining experience.

YTD Price Performance: 102.11%

Average Trading Volume: 111,805

Technical Sentiment Signal: Sell

Current Market Cap: $23.21M

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