Blue Lagoon Resources Inc. (BLLG)
Summary
BLLG Chart
Blue Lagoon Jumps 50% With Transition To Gold Production
Blue Lagoon Resources surged 50% after announcing its first revenues, marking a key operational de-risking milestone for the gold miner. I expect 2026 cash flows of ~$30 million, supporting a market cap target of $210 million ($1.5/share), with further upside from resource expansion. BLAGF's 18-kilometer unexplored alkaline quartz resource offers significant district-scale upside, with institutional backing and aggressive exploration planned.
Blue Lagoon Receives Draft Mine Permit for Its Dome Mountain Gold Project
VANCOUVER, BC / ACCESSWIRE / November 14, 2024 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) is pleased to announce that it has received the draft mine permit for its 100% owned Dome Mountain Gold Project, located near the town of Smithers in British Columbia, Canada. This milestone brings the Company one step closer to initiating production and advancing the project towards operational status.
Blue Lagoon Completes Private Placement
Not for distribution to United States Newswire Services or for dissemination in the United States VANCOUVER, BC / ACCESSWIRE / October 29, 2024 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG)(FSE:7BL)(OTCQB:BLAGF) is pleased to announce that the non-brokered private placement offering (the "Offering") previously announced by the Company on October 17, 2024, was oversubscribed and, as a result, the Company has now closed the Offering by issuing 3,549,998 units (the "Units") at a price of $0.11 per Unit for aggregate gross proceeds of $390,500. Each Unit consists of one common share in the capital of the Company and one transferrable common share purchase warrant (a "Warrant").
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Blue Lagoon Resources Inc. Profile
| Metals & Mining Industry | Materials Sector | Rana Gurvinder Vig CEO | NEO-L Exchange | CA09564P1036 ISIN |
| CA Country | - Employees | - Last Dividend | - Last Split | - IPO Date |
