Nicola Mining (HUSIF) Stock News

Nicola Mining (OTCQB: HUSIF) has announced two major developments in its infrastructure operations. The company, along with partner Lower Nicola Site Services Ltd (LNSS), has completed the expansion of its gravel pit and construction of a cement ready-mix plant.

The company has secured two significant permits: a Notice of Departure (NoD) to operate a rock quarry with extraction capacity of up to 3.0 million tonnes at approximately 1,500 tonnes per day, and an extension of Gravel Pit mine life (Permit G1519) along with a permit for highway right-of-way operations.

Notably, LNSS has secured contracts to supply gravel and cement for Teck Resources' Highland Valley Copper $2.5 billion expansion project, as well as contracts with the Ministry of Transportation and various private sector entities.

Nicola Mining (OTCQB: HUSIF) has secured a significant five-year extension for six Mining Leases at its New Craigmont Property from the Ministry of Mining and Critical Minerals. The property, spanning over 10,800 hectares, is strategically located adjacent to Canada's largest copper mine, Teck Resources' Highland Valley Copper.

The company's CEO Peter Espig highlighted their recent exploration activities focusing on identifying a porphyry system, moving beyond traditional skarn exploration. The extension of mining permits (M-68) and leases positions the company to potentially accelerate the transition from exploration to operational status while maintaining environmental and consultation commitments.

Nicola Mining (OTCQB: HUSIF) has initiated gold concentrate shipments through its partnership with Talisker Resources. Under their Mining, Milling and Smelting Agreement, the companies successfully sold 707 ounces of gold in August, generating gross proceeds of approximately US$2.3 million.

The Company's production capabilities have been enhanced through significant facility upgrades, including automation of concentrate production and the installation of a large concentrator for optimized free gold recovery. These improvements are particularly beneficial for processing ore from both Talisker and Nicola's Dominion Gold Project.

Additionally, Nicola continues operations at its wholly-owned Treasure Mountain high-grade silver mine, positioning itself as a potential mining hub in British Columbia with support from the Ministry of Mining and Critical Minerals.

Nicola Mining (OTCQB: HUSIF) has initiated a 10,000-tonne bulk sample project at its Dominion Creek Mineral Project, where it holds a 75% economic interest. The company has established infrastructure including a 14-man camp and bridge, with roadwork expected to complete by August 10th, 2025.

The project, located 43km northeast of Wells and 110km east-southeast of Prince George, British Columbia, previously demonstrated impressive mineral grades from a 9.7kg surface sample: 62.1 g/t gold, 320 g/t silver, 23.4% lead, and 12.4% zinc. The British Columbia Ministry of Mining and Critical Minerals has issued a draft permit for the extraction.

Nicola Mining (OTCQB: HUSIF) has initiated long-term gold and silver concentrate production at its wholly-owned Merritt Mill in British Columbia. The company has completed extensive upgrades including automation, gravity separation, and water recirculation systems. The mill recently received approximately 3,100 tonnes of high-grade gold ore from Talisker Resources for processing.

The company has established strategic partnerships with Talisker Resources and Blue Lagoon Resources, positioning itself as a leading milling hub in British Columbia. Additionally, Nicola holds a 75% economic interest in the Dominion Creek Gold Project, where bulk sample production is set to begin.

Nicola Mining has initiated its 2025 Exploration Diamond Drilling Program at the New Craigmont Copper Project near Merritt, BC. The company has identified five priority exploration targets through collaboration with ALS Geoanalytics using AI-based methods. The 2025 program will include 4,000-5,000 metres of diamond drilling across multiple target areas including MARB/CAS, West Craigmont/WP, and two new targets. The program, budgeted at $1.5-2M, aims to collect geological data for potential porphyry copper system development. A notable highlight is the Draken target, featuring promising porphyry-style alteration and copper oxide minerals. The company will utilize enhanced geochemical data collection methods including X-ray fluorescence and short-wave infrared data under GoldSpot's guidance.

Nicola Mining (HUSIF) has secured a significant multi-year area-based exploration permit (MYAB Permit MX-15-121) for its Treasure Mountain Silver Project, a fully permitted silver mine located 30 km northeast of Hope, British Columbia. This permit, received on June 4th, 2025, follows the company's ten-year mining lease extension obtained in August 2024, valid through April 2032. The MYAB Permit authorizes extensive exploration activities over five years, including 30 drill holes, 1,400m of trenching, 4,500m of trail building, and 20km of geophysical surveys. The project's MB Zone, located 800m northwest of current mine workings, previously yielded impressive surface samples with up to 9,221g/t Ag, along with copper, lead, and zinc content. Previous exploration programs between 2019-2021 identified a promising 2km soil anomaly coinciding with a vein system.

Nicola Mining has appointed Vicente García as Senior Geologist to strengthen its copper porphyry expertise ahead of its 2025 exploration program. García brings over seven years of diverse exploration experience across various mineral systems including porphyry Cu-Mo, IOCG, and lithium-rich brine systems. His background includes work with notable companies like Kura Minerals, Quiborax, and Anglo American, where he gained expertise in geological services such as drill core re-logging, surface mapping, and 3D modeling. CEO Peter Espig emphasized the company's focus on copper exploration at the New Craigmont Project, alongside plans to explore the Treasure Mountain Silver Mine. The company plans to announce its 2025 Exploration Plan for the New Craigmont Project soon.

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.