Nicola Mining Inc. announces that it has commenced construction of a cement plant along with its partner Lower Nicola Site Services Ltd , which is a partnership between the Lower Nicola Indian Band Development Corporation and Infracon Construction Inc. The Company announced on March 14, 2022, that it had entered into a Rock and Gravel Extraction and Preferential Engagement Agreement with LNSS, and subsequently that on [...]
Nicola Mining Inc. is pleased to announce that it has contracted Dias Geophysical to conduct a 3D Induced Polarization survey at its wholly-owned New Craigmont Copper Project , which is located near Merritt, B.C. and adjacent to Teck Resources' Highland Valley Copper[1], Canada's largest copper mine. The IP Survey, targeted for late April / early May, will encompass two key target areas and cover about 4.5 square kilometers [...]
Nicola Mining Inc. , announces that it has agreed with certain debenture holders to prepay 22% of the current principal amount of $5,296,706 of certain convertible debentures maturing on November 21, 2025 , pay a prepayment premium of 10% of the Principal Prepayment Amount and prepay interest on the Debentures to the Maturity Date. The Company intends to pay an aggregate of $1,165,275 in Principal Prepayment Amount, an [...]
Nicola Mining Inc. announces the completion of its 2023 drilling exploration program at the New Craigmont Copper Project , a wholly owned venture located near Merritt, BC, and 33 km south of Teck Resources Ltd.'s Highland Valley Copper, Canada's largest open pit copper mine. The Company initiated the 2023 Program on June 6, 2023, drilling six diamond holes totaling 2,684 metres on Mineral Lease 237643, adjacent to the [...]
Nicola Mining Inc. is pleased to provide its "Year in Review: 2023", with the hope of providing additional clarity on several key milestones that were achieved in 2023. In addition to highlighting the significance of noteworthy events, we are hopeful that this letter can provide clarity on key news releases and insight into next year. Financially the Company has undergone a positive metamorphosis; we ended Q3 with close [...]
Nicola Mining Inc. , announces the suspension to the process of entering into a definitive agreement with Nittetsu Mining Co. Ltd. with respect of the Company's wholly-owned New Craigmont Copper Property . The Company announced that it had entered into a non-binding letter of intent on September 6, 2023, which was subsequently followed by a two-week site visit by Nittetsu's geological team. During the site visit, Nittetsu [...]
VANCOUVER, BC, Sept. 6, 2023 /CNW/ - Trading resumes in: Company: Nicola Mining Inc. TSX-Venture Symbol: NIM All Issues: Yes Resumption : 11:45 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and [...]
Nicola Mining Inc. , is pleased to announce that it has signed a non-binding letter of intent with Nittetsu Mining Co. Ltd. 1, a public arm's length company based in Japan, whereby Nicola would agree to establish a joint venture entity with Nittetsu in respect of the Company's wholly-owned New Craigmont Copper Project in exchange for the payment by Nittetsu of certain exploration costs and other consideration, which could [...]
VANCOUVER, BC, Sept. 6, 2023 /CNW/ - The following issues have been halted by CIRO Company: Nicola Mining Inc. TSX-Venture Symbol: NIM All Issues: Yes Reason: Pending News Halt Time : 9:54 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization [...]
Nicola Mining Inc. is pleased to provide the following updates on the Dominion Creek Property , which is located 43 kilometers northeast of the Town of Wells and approximately 110 kilometers east-southeast of Prince George. The Company has previously announced two key agreements that it has entered in with High Range Exploration Ltd. . Strategic Milling and Profit Share Agreement1 that provides a 50/50 profit split [...]
Nicola Mining Inc. is pleased to announce that it has commenced shipping of concentrate produced jointly with Osisko Development Corp. . To date approximately 160 dry metric tonnes of gold concentrate grading an estimated 90 g/t Au have been shipped from site. The Company has secured an offtake agreement1 with Ocean Partners UK Limited2 to sell the concentrate on behalf of Nicola and Osisko. The Company has also completed [...]
Nicola Mining Inc. announces that it has commenced a diamond drilling exploration program at its wholly-owned New Craigmont Copper Project , located near Merritt, BC, and 33 km south of Teck Resources Ltd.'s Highland Valley Copper, Canada's largest copper mine. The Company announced in its May 2, 2023 news release, that it had hired an Economic Geologist / VP of Exploration to lead the 2023 Program and is pleased that [...]