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.
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Positive
Agreement starts April 27, 2026 with clear term structure
Fixed monthly fee of C$7,500, simplifying cash planning
Market making aimed at correcting temporary supply-demand imbalances
Negative
Ongoing cash outlay of C$7,500/month for initial term
No performance-based fees; potential limited incentive alignment
News Market Reaction – HUSIF
+0.88%
+0.88%Session close to close
In the Apr 29 session, HUSIF gained 0.88%, reflecting a mild positive market reaction.
This announcement details Nicola’s engagement of ICP Securities for automated market making, at a mo...
Analysis
This announcement details Nicola’s engagement of ICP Securities for automated market making, at a monthly fee of C$7,500 over an initial 4‑month term with automatic one‑month renewals and no performance-based compensation. The move follows recent financing and listing-related activity and focuses on addressing temporary order imbalances and enhancing liquidity. Investors may monitor how trading spreads, volumes, and overall liquidity evolve as this agreement progresses, alongside future operational and financing disclosures.
Key Figures
ICP monthly fee:C$7,500 per monthInitial term length:4 monthsRenewal term length:1 month+1 more
4 metrics
ICP monthly feeC$7,500 per monthAutomated market making services agreement
Initial term length4 monthsInitial Term of ICP market making agreement
Renewal term length1 monthEach automatic Additional Term for ICP agreement
Termination notice period30 daysWritten notice required before end of term
Higher throughput of high-grade gold-silver concentrate at Merritt Mill with partners.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent corporate and operational updates, including financing and communications moves, have often been followed by negative price reactions, even when the news itself appeared strategically positive.
Recent Company History
Over the past few months, Nicola issued multiple updates, including a non-brokered private placement on Jan 29, 2026, operational progress at its Merritt Mill, and steps toward a Nasdaq listing and US offering that raised about US$6.0–6.9M. Several of these announcements, such as production ramp-up and exploration insights at Craigmont, were followed by negative 24-hour price reactions. Today’s engagement of an automated market maker fits into this pattern of corporate infrastructure moves aimed at capital markets visibility and liquidity.
"engaged the services of ICP Securities Inc. ("ICP") to provide automated market making services"
Automated market making is an electronic system that uses pre-set rules to constantly quote prices and buy or sell a security so trades can happen without a human middleman. Think of it like a vending machine that always lists a price and accepts trades: it makes it easier to buy or sell quickly, usually lowers the gap between buying and selling prices, and therefore affects transaction costs and how easily investors can enter or exit positions.
market makingfinancial
"ICP's market making activity will be primarily to correct temporary imbalances"
Market making is when a firm or trader continuously posts prices at which they will buy and sell a particular stock, standing ready to trade so others can buy or sell quickly. Think of it as a shopkeeper who keeps items on the shelf and quotes both a buying and selling price; the difference is their small profit and the service they provide. For investors, market makers lower the cost and delay of executing trades and help keep prices stable, while their withdrawal can make trading harder or more volatile.
tsx venture exchangeregulatory
"in compliance with the policies and guidelines of the TSX Venture Exchange"
A junior stock exchange in Canada where smaller, early-stage companies list shares to raise capital and gain public visibility. Think of it as a farmers’ market for young businesses: it offers investors a chance to buy into fast-growing but higher-risk ventures, with looser listing rules and typically lower liquidity than major exchanges. It matters because performance and financing on this exchange can signal growth prospects or risk for investors.
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - Nicola Mining Inc.(NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) (the "Company" or "Nicola") is pleased to announce that it has engaged the services of ICP Securities Inc. ("ICP") to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes. The agreement between the Company and ICP was signed with a start date April 27th, 2026 and is for four (4) months (the "Initial Term") and shall be automatically renewed for subsequent one (1) month terms (each month called an "Additional Term") unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future.
ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.
ABOUT ICP SECURITIES INC. ICP Securities Inc. is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
About Nicola Mining Nicola Mining Inc. is a junior mining company listed on the TSX-V Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high-grade BC-based gold projects. Nicola's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.
The Company owns 100% of the New Craigmont Project, a property that hosts historical high-grade copper mineralization and covers an area of over 10,800 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada's largest copper mine. The Company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
What market making services did Nicola Mining (NICM) hire ICP to provide?
Nicola hired ICP to provide automated market making using the ICP Premium™ algorithm. According to the company, the mandate covers corrective trading to address temporary supply-demand imbalances and will operate under TSX Venture Exchange policies.
How much will ICP Securities be paid by Nicola Mining (NICM) and for how long?
ICP will be paid C$7,500 per month plus applicable taxes. According to the company, the agreement began April 27, 2026, with an initial four-month term and automatic one-month renewals unless 30 days' notice is given.
Will Nicola Mining (NICM) issue stock or options to ICP as part of the engagement?
No stock options or other equity compensation will be issued in connection with the engagement. According to the company, the agreement contains no performance factors and provides only the fixed monthly fee.
Can ICP or its clients buy Nicola Mining (NICM) shares during the market making engagement?
Yes, ICP and its clients may acquire an interest in Nicola shares in the future. According to the company, ICP is an arm's length party and will be responsible for its own costs when buying or selling the Company's shares.
What are the renewal and termination terms for ICP's market making agreement with NICM?
The agreement automatically renews for one-month terms after the initial four-month period unless 30 days' written notice is provided. According to the company, either party may stop renewals by giving the required 30-day notice before term end.
