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Blue Lagoon Resources Inc. (BLAGF) is a mining company based in Vancouver, BC, focused on the Dome Mountain gold project. The company recently achieved milestones in permitting and engagement with the Lake Babine Nation. With the signing of a mine restart agreement, Blue Lagoon Resources is dedicated to responsible mining practices and working in partnership with the Indigenous community to bring economic benefits to the region. The company closed an oversubscribed private placement offering, demonstrating confidence in the Dome Mountain Project's potential.
Blue Lagoon Resources has received a draft mine permit from the British Columbia Ministry of Energy, Mines and Low Carbon Innovation for its 100% owned Dome Mountain Gold Project near Smithers, BC. This milestone advances the project toward production status. The draft permit establishes the regulatory framework for mining activities and demonstrates support from provincial authorities and local stakeholders. The company will collaborate with regulatory authorities and the Lake Babine Nation to finalize the permit requirements before proceeding to full production.
Blue Lagoon Resources has successfully completed an oversubscribed non-brokered private placement offering, issuing 3,549,998 units at $0.11 per unit for total proceeds of $390,500. Each unit includes one common share and one transferrable warrant, with warrants exercisable at $0.14 per share until October 30, 2026. The proceeds will be used for working capital and general corporate purposes. The securities are subject to a four-month hold period ending March 1, 2025, and will not be registered under the U.S. Securities Act.
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