Nicola Mining Inc.

Nicola Mining Inc. is pleased to announce that it has finalized its 2023 diamond drilling exploration planning 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 open pit copper mine. Drilling is expected to commence mid-May and the Company has engaged Western Exploration Diamond Drilling , for the 2023 program [...]

Nicola Mining Inc. , is pleased to announce that it has completed mill upgrades and has commenced milling operations with material supplied from Osisko Development Corp. . The Company announced in its January 9, 2023 news release that the two parties had signed a Mining and Milling Profit Share Agreement . The Company has noticed a significant increase in mining related activity in British Columbia and is currently in [...]

Nicola Mining Inc. , is pleased to announce that the TSX Venture Exchange has accepted its Notice of Intention to Make a Normal Course Issuer Bid which shall commence on March 15, 2023 and terminate on August 15, 2023, or such earlier date if the maximum number of shares are purchased. At the opening of the stock market on today's date, the Company is expected to have 314,152,672 common shares issued and outstanding [...]

Nicola Mining Inc. is pleased to announce soil geochemistry results collected from the WP area at the New Craigmont Property. The WP Zone consists of sheared, brecciated, and mineralized Nicola Group volcanic rocks with associated chalcopyrite, pyrite, and specularite. Previous chip channel sampling by Nicola Mining returned values of 0.37% Cu over 10 metres and 0.71% Cu over 4.0 metres in historic trenches and shafts [...]

Nicola Mining Inc. , is pleased to announce that Brent Omland, co-CEO of Ocean Partners1, has joined the Company's Board of Directors. Ocean Partners delivers trading services to miners, smelters, and refiners by applying technical, commercial, financial, and political insight, bringing expertise in every aspect of the business. Brent Omland has served as the Chief Financial Officer and as a Director of Ocean Partners [...]

Nicola Mining Inc. , is pleased to announce completing final preparations to commence operations in Q1 of 2023. Currently, the Company has received in excess of 15,000 tonnes of gold mill feed from Osisko Development Corp.'s. Cariboo Gold Project. The Company has hired employees to fill key positions required for gold production. See photos of Cariboo Gold Project mill feed stockpile, below. Photos: Cariboo Gold Project [...]

Nicola Mining Inc. , is pleased to announce that it and Osisko Development Corp. have signed a Mining and Milling Profit Share Agreement . Under the Agreement, Osisko may transport material to Nicola's mill site, located near Merritt, British Columbia. Nicola's Merritt Mill site is a unique milling and processing facility because the Company owns the industrial-zoned site free-hold. The approximate $30.0 million facility [...]

Nicola Mining Inc. , announces that it has repaid in full the US$750,000 Prepayment Facility to Ocean Partners UK Limited1 . Repayment funds were derived from operating cash flow at the Company's Craigmont Mill site, located near Merritt, British Columbia. Peter Espig, CEO of Nicola, commented, "We continue to make headways on our corporate goals and expect a busy 2023, both operationally and in copper exploration." Brent [...]

Nicola Mining Inc. is providing "Year in Review: 2022", with the hope that it provides additional clarity on several key milestones that were achieved in 2022. In addition to highlighting the significance of noteworthy events, we are hopeful that this letter provides insight into our plans for 2023. The year began with the Company announcing that it had completed shipment of 196 tonnes of gold and silver concentrate via a [...]

Nicola Mining Inc. is pleased to announce that it and Osisko Development Corp. have signed a Memorandum of Understanding for the processing of gold mill feed currently stock piled at Osisko's site, located in the Cariboo Mining District in east-central BC, east and southeast of the City of Quesnel. The gold mill feed originates from Osisko's wholly owned subsidiary Barkerville Gold Mines Ltd.[1]. Under the MOU, Osisko hopes [...]