Nicola Mining Inc. reports mineral exploration, milling activity and capital-market developments tied to its Canadian mining assets. Company updates focus on the New Craigmont Copper Project near Merritt, British Columbia, including drilling, geophysical targets and geological work related to skarn and porphyry-style copper mineralization. Nicola also reports ownership of the Treasure Mountain Property and operating updates from its fully permitted Merritt Mill.
Recurring news also covers gold and silver concentrate processing, investor communications, market-making arrangements and U.S. trading structure developments, including American Depositary Shares and warrant offerings associated with its Nasdaq Capital Market listing under NICM.
Nicola Mining (NASDAQ: NICM) announced that Lower Nicola Site Services extended their rock and gravel agreement through March 3, 2033. LNSS retains exclusive extraction rights at Nicola's Craigmont Mine Site, with Nicola receiving a per-tonne royalty, and preferential engagement for competitively priced services.
Nicola also completed its first diamond drill program at Treasure Mountain's MB Zone: four holes totaling approximately 800 metres. Geological logging, core sampling and preparation for laboratory analysis are underway. Visual inspection identified sulphide mineralization, but these observations are preliminary and do not replace analytical results. Assays remain pending for both Treasure Mountain and the 2026 New Craigmont program.
Nicola Mining (NICM) has started its 2026 diamond drilling program at the MB Zone on the Treasure Mountain silver property in British Columbia. The four-hole program totals approximately 800 m and is the first-ever drill test of the MB Zone, located about 1 km northwest of the historical Treasure Mountain mine, which has been on care and maintenance since 2013. Prior surface sampling from 2019–2022 returned high-grade values, including up to 1,300 g/t silver, 2.59 g/t gold, 27.4% lead and 27.2% zinc from a vein sample. Core from the first hole has visually shown intense pyrite-pyrrhotite-sphalerite mineralization, though the company stresses that only assays will confirm grades. Drilling is expected to finish by the end of September, with multi-element assay results targeted for release by year-end.
Nicola Mining (NICM) reported independent inspection results showing its Treasure Mountain Silver Mine remains accessible and is being evaluated for a potential 2027 restart. The July 27, 2026 underground assessment by McElhanney covered Portals 1 and 2, underground workings and surface infrastructure after roughly 13 years of inactivity.
The inspection found both portals generally intact, no flooded workings in inspected areas, functional natural ventilation and extensive existing development and infrastructure, although localized ground rehabilitation and utility upgrades will be required. The findings support a phased evaluation program, including detailed geotechnical work, mapping, and mine planning aimed at recommencing mineral extraction.
Nicola Mining (NASDAQ: NICM, TSXV: NIM) reported initial gold and silver assay results from two mill feed stockpiles comprised of material from Red Eye Resources stockpiles under a previously announced profit-share arrangement. A total of 47.82 kg of representative samples were collected from a larger (~1,200 tonne) and a smaller (~300 tonne) stockpile.
The samples, analyzed by Paragon Geochemical using PhotonAssay, returned a weighted average grade of 2.83 grams Au and 753.41 grams Ag. Nicola will proceed with laboratory simulations to optimize recovery. The company cautioned that results are based on limited surface sampling, with high grade variability and additional material added after sampling, so grades may not represent the entire piles.
Nicola Mining (NASDAQ: NICM) announced a Mining and Milling Profit Share Agreement with Red Eye Resources, a privately held BC-based precious metals explorer. Under the Agreement, Red Eye Resources may transport qualifying precious-metal mineralized material to Nicola’s fully permitted Merritt Mill for processing, with profits from these arrangements to be shared equally between the two parties.
Nicola highlights Merritt Mill’s status as the only facility in British Columbia permitted to accept third-party gold and silver mill feed from across the province, supporting smaller high-grade projects. The company also reiterates ownership of the New Craigmont copper project and Treasure Mountain property.
Nicola Mining (NASDAQ: NICM)/b) announced that it and Ocean Partners UK Limited have committed a combined
Nicola's portion was completed via a private placement at $0.60 per share, giving it 8,333,333 common shares and building on a prior $1.0 million investment at $0.14 per share in January 2024. Ocean Partners has now committed a total of $8.0 million to Blue Lagoon, including a previously announced $3.0 million. According to Nicola, the financing is intended to advance mine development toward a targeted 150–200 tonnes per day and deepen integration between Blue Lagoon's production, Ocean Partners' concentrate marketing, and Nicola's fully permitted Merritt Mill processing facility in British Columbia.
Nicola Mining (NASDAQ:NICM) reported exploration progress at its New Craigmont copper project near Merritt, BC. The first drill hole at the new Jotun target (JT-26-001) reached 840m and confirmed porphyry-style alteration, structures with visible native copper, and bornite-bearing mineralization.
The 2026 program also includes a 1,436 line-km Mobile MT geophysical survey across the property and an MMI soil geochemistry program over the Draken target with about 1,000 samples. Data from these programs will guide focused drilling at New Craigmont in 2027, alongside upcoming drilling at the Treasure Mountain silver project.
Nicola Mining (NASDAQ: NICM) plans to commence gold and silver extraction at its high-grade Dominion Gold Project in early July. Material will be processed at the fully permitted Merritt Mill in British Columbia.
Preparations include a $251,000 reclamation bond payment, purchase of a 14-person camp, new mining equipment, contractor engagement, and hiring crews. Dominion has reported grades up to 113 g/t gold and covers about 1,058 hectares.
Nicola Mining (NASDAQ: NICM) has started its 2026 diamond drilling program at the New Craigmont copper project near Merritt, BC, targeting a ZTEM resistivity anomaly called Jotun. The first planned hole targets ~775 metres downhole to test for a causative intrusive related to the historical Craigmont skarn.
The program budget is $1.5M, includes a geophysical and soil campaign, Mobile MT survey and thermal vectoring processing, and drilling is expected to finish in early June before work at Treasure Mountain.
Nicola Mining (NASDAQ: NICM) engaged ICP Securities Inc. to provide automated market making services using ICP Premium™. The agreement starts April 27, 2026, has an initial four-month term and auto-renews monthly unless 30 days' notice is given. ICP will be paid C$7,500 per month plus taxes. There are no performance fees, stock options, or third-party funding for the market making activity. ICP may acquire an interest in Nicola shares and will bear its own trading costs. The engagement is described as arm's length and intended to address temporary supply-demand imbalances in the Company's shares.