Nicola Mining Inc. (TSX.V: NIM) (OTCQB: HUSIF) has announced a $2 million unsecured credit facility to strategic partner Blue Lagoon Resources Inc., a move that underscores Nicola's commitment to supporting regional gold development through a vertically integrated mining approach. The credit line, available over a 12-month term with interest-only payments for the first 11 months, highlights Nicola's confidence in Blue Lagoon's near-term production plans, including its efforts in permitting and community engagement.
This financial initiative is part of Nicola's strategic model to utilize its Merritt milling infrastructure and tailings facility to support nearby projects, thereby fostering responsible mining practices in British Columbia. By combining its milling capabilities with financial support, Nicola aims to enhance industry collaboration and contribute to the sustainable development of the mining sector. For more details on the credit facility, visit https://ibn.fm/HUSIF.
