Nicola Mining to Commence Gold and Silver Production
Nicola Mining (OTCQB: HUSIF) has commenced gold and silver production at its $33.0 million Merritt Mill facility in British Columbia. The company has started receiving ore from Talisker Resources and is undergoing pre-production adjustment, with full capacity expected in Q3. The Merritt Mill is uniquely positioned as BC's only facility permitted to accept third-party gold and silver mill feed province-wide.
The company has multiple strategic developments: a new Milling Agreement with Talisker Resources, partnership with Blue Lagoon Resources for their Dome Mountain Mine, and plans to process ore from their own Dominion Creek Project (75% owned) starting July 2025. Additionally, Nicola is preparing for copper exploration at its New Craigmont Copper Project and has hired Vicente García as Senior Geologist.
Nicola Mining (OTCQB: HUSIF) ha avviato la produzione di oro e argento presso il suo impianto Merritt Mill da 33,0 milioni di dollari in British Columbia. L'azienda ha iniziato a ricevere minerale da Talisker Resources e sta effettuando le regolazioni pre-produzione, con la piena capacità prevista per il terzo trimestre. Il Merritt Mill è l'unico impianto autorizzato in BC ad accettare minerale d'oro e argento da terzi su scala provinciale.
L'azienda ha diversi sviluppi strategici: un nuovo Accordo di Lavorazione con Talisker Resources, una collaborazione con Blue Lagoon Resources per la loro miniera Dome Mountain e piani per trattare il minerale del proprio progetto Dominion Creek (posseduto al 75%) a partire da luglio 2025. Inoltre, Nicola si sta preparando per l'esplorazione di rame presso il progetto New Craigmont Copper e ha assunto Vicente García come geologo senior.
Nicola Mining (OTCQB: HUSIF) ha comenzado la producción de oro y plata en su instalación Merritt Mill de 33,0 millones de dólares en Columbia Británica. La compañía ha empezado a recibir mineral de Talisker Resources y está realizando ajustes previos a la producción, con capacidad completa esperada para el tercer trimestre. Merritt Mill es la única planta en BC autorizada para aceptar mineral de oro y plata de terceros en toda la provincia.
La empresa tiene varios desarrollos estratégicos: un nuevo Acuerdo de Molienda con Talisker Resources, una alianza con Blue Lagoon Resources para su mina Dome Mountain, y planes para procesar mineral de su propio proyecto Dominion Creek (75% propiedad) a partir de julio de 2025. Además, Nicola se está preparando para la exploración de cobre en su proyecto New Craigmont Copper y ha contratado a Vicente García como geólogo senior.
Nicola Mining (OTCQB: HUSIF)는 브리티시컬럼비아에 위치한 3300만 달러 규모의 Merritt Mill 시설에서 금과 은 생산을 시작했습니다. 회사는 Talisker Resources로부터 광석을 받기 시작했으며, 생산 전 조정을 진행 중이며 3분기에 완전 가동을 목표로 하고 있습니다. Merritt Mill은 BC주에서 유일하게 제3자 금·은 광석을 수용할 수 있는 허가를 받은 시설입니다.
회사는 여러 전략적 개발을 진행 중입니다: Talisker Resources와의 새로운 제분 계약, Blue Lagoon Resources와의 Dome Mountain 광산 파트너십, 그리고 2025년 7월부터 자체 소유 75%인 Dominion Creek 프로젝트 광석 처리 계획이 있습니다. 또한 Nicola는 New Craigmont 구리 탐사를 준비 중이며, Vicente García를 수석 지질학자로 영입했습니다.
Nicola Mining (OTCQB : HUSIF) a commencé la production d'or et d'argent dans sa usine Merritt Mill de 33,0 millions de dollars en Colombie-Britannique. La société a commencé à recevoir du minerai de Talisker Resources et est en phase d'ajustement pré-production, avec une capacité complète attendue au troisième trimestre. Merritt Mill est la seule installation en Colombie-Britannique autorisée à accepter du minerai d'or et d'argent provenant de tiers à l'échelle provinciale.
La société mène plusieurs développements stratégiques : un nouvel accord de broyage avec Talisker Resources, un partenariat avec Blue Lagoon Resources pour leur mine Dome Mountain, et des plans pour traiter le minerai de leur propre projet Dominion Creek (à 75 %) à partir de juillet 2025. De plus, Nicola se prépare à l'exploration de cuivre sur son projet New Craigmont Copper et a recruté Vicente García en tant que géologue principal.
Nicola Mining (OTCQB: HUSIF) hat die Produktion von Gold und Silber in seiner 33,0 Millionen Dollar teuren Merritt Mill-Anlage in British Columbia aufgenommen. Das Unternehmen erhält nun Erz von Talisker Resources und befindet sich in der Vorproduktionsphase, wobei die volle Kapazität im dritten Quartal erwartet wird. Die Merritt Mill ist die einzige Anlage in BC, die genehmigt ist, Erz von Dritten aus der gesamten Provinz zu verarbeiten.
Das Unternehmen verfolgt mehrere strategische Entwicklungen: eine neue Mahlvereinbarung mit Talisker Resources, eine Partnerschaft mit Blue Lagoon Resources für deren Dome Mountain Mine sowie Pläne, Erz aus dem eigenen Dominion Creek-Projekt (75 % Eigentum) ab Juli 2025 zu verarbeiten. Zusätzlich bereitet sich Nicola auf Kupfererkundungen im New Craigmont Copper Project vor und hat Vicente García als leitenden Geologen eingestellt.
- Merritt Mill is the only facility in BC permitted to accept third-party gold/silver mill feed
- Company owns 100% of the modern $33.0 million milling facility on free-hold industrial-zone land
- Multiple revenue streams from Talisker Resources, Blue Lagoon Resources, and own Dominion Creek Project
- Received Final Permit for bulk sample at Dominion Creek Project (75% economic interest)
- Strategic expansion into copper exploration with experienced senior geologist hire
- Mill still in pre-production adjustment phase
- Full capacity won't be reached until Q3
- Requires permit amendment for increased mill throughput
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2025) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) (the "Company" or "Nicola") is pleased to announce that has started receiving gold / silver ore from Talisker Resources Inc. and is currently undergoing pre-production adjustment. The modern
Production at the modern facility, which is constructed on free-hold industrial-zone land owned
Nicola's Merritt Mill is the only facility in the Province of British Columbia permitted to accept third party gold and silver mill feed from throughout the province.
Talisker Resources Ltd.
Nicola and Talisker have recently entered into a new Milling Agreement and the latter has commenced transportation of high grade gold/silver ore to Nicola's mill site. Nicola had previously announced that it and Talisker had signed a Milling Agreement2 on July 18, 2024. Nicola and Talisker have commenced working with Ocean Partners UK Limited3 on the sale of gold and silver concentrate.
Ore from Talisker's Bralorne Mine
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Nicola Mining's Merritt Mill
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Blue Lagoon Resources
Nicola continues to work closely with Blue Lagoon Resources ("Blue Lagoon") and has participated in all tranches of the latter's recent private placement. In a previous capital round, Blue Lagoon announced that Nicola had subscribed for 7,142,857 shares. The Company will participate in Blue Lagoon's official opening of the latter's Dome Mountain Mine on July 9th, 2025, and is completing final preparations to accept Dome's high-grade gold / silver ore, thereafter.
Dominion Gold / Silver Bulk Sample
Nicola announced on March 12, 2025 that it has received the Final Permit ("Final Permit[1]") to complete a bulk sample[2] at its Dominion Creek Mineral Project ("Dominion"), a high grade gold and silver project, of which Nicola owns a
The Company will provide separate news releases for each project soon.
In addition to commencing gold and silver production, Nicola is currently preparing to commence copper exploration at its New Craigmont Copper Project. To strengthen its geological team the Company has hired Vicente García as a Senior Geologist. Mr. García is an experienced exploration geologist with a strong technical background from having worked on many deposit types in North and South America, including porphyry copper. The Company will issue a separate geological news release soon.
Mr. Peter Espig, CEO of Nicola Mining Inc., commented, "Unlike previous milling campaigns we are excited to realize that Nicola is morphing into a steady and long term producer. It is rare for junior miners to reach the production pinnacle and to monetize current precious metal prices with our partners. We are also witnessing firsthand augmented efficiencies in British Columbia's permitting of underground mining operations, which characteristically minimize environmental impact, as well as the strategic significance of our fully permitted mill. In addition to production, we have boosted our geological team and are ramping up activities for what we believe to be an exciting exploration campaign, not only at the New Craigmont Project, but also our fully permitted silver mine, Treasure Mountain."
Qualified Person
William Whitty, P. Geo., the Company's VP Exploration, is the Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and supervised the preparation of, and has reviewed and approved, the technical information in this release.
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange that maintains a
The Company owns
On behalf of the Board of Directors
"Peter Espig"
Peter Espig
CEO & Director
For additional information
Contact: Peter Espig
Phone: (778) 385-1213
Email: info@nicolamining.com
URL: www.nicolamining.com
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.
1 News Release describing upgrades: Link
2 News Release: April 9, 2024 Link
3 Ocean Partners operates in several countries throughout the world and maintains a strong global network of relationships and contacts in the base metal mining and smelting sector.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252869
FAQ
When will Nicola Mining (HUSIF) reach full production capacity at its Merritt Mill?
What is unique about Nicola Mining's Merritt Mill facility in British Columbia?
What companies are partnering with Nicola Mining (HUSIF) for ore processing?
What is Nicola Mining's ownership stake in the Dominion Creek Project?
How much did Nicola Mining invest in its Merritt Mill facility?
