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 (OTCQB: HUSIF; TSXV: NIM) announced that Blue Lagoon has begun transporting high-grade gold and silver millfeed to Nicola's mill near Merritt, British Columbia.
Nicola previously entered a long-term partnership with Blue Lagoon and provided a non-dilutive $2.0 million line of credit to support Blue Lagoon's balance sheet. Nicola said it will publish a 2026 Annual Letter to Shareholders with updates on milling expansion, Treasure Mountain, Dominion Creek Gold Project and the New Craigmont Project.
The company noted its role as a provincial processor and referenced Blue Lagoon receiving PDAC's 2026 Sustainability Award. A Qualified Person, Cameron Lilly, P.Eng., supervised and approved the technical information in the release.
Nicola Mining (OTCQB: HUSIF) received final assays from its Dominion Gold Project dated November 10, 2025 showing multiple high-grade chip samples from exposed veins ahead of planned bulk sampling.
Key assay highlights include 113.51 g/t (3.65 oz/t), 55.17 g/t and 29.25 g/t from the Pit Vein. Three previously unknown veins (West, Mid West, 16 East) were identified; 16 East has been traced for 40 m and all veins remain open. Nicola holds a 75% economic interest (escalating to 100%). West and Mid West veins were deemed too low grade for bulk sampling. Company plans 2026 bulk sample extraction and will stop accepting third-party ore from Talisker after a 60-day notice.
Nicola Mining (OTCQB: HUSIF) completed 2025 mine development at the Dominion Creek project and finished all work required for a 10,000‑tonne bulk sample planned to restart in July 2026. The company delayed shipping up to 2,000 tonnes to the Nicola mill until 2026 due to abnormally high August–September rainfall and haul‑road concerns. During development the Landing was lowered by approximately 6 metres, extraction advanced ~2 metres into the South Pit Vein (which widens to ~5 metres ~20m in) and three new veins (Mid‑West, West, 16 East) were exposed. Samples were submitted to an ISO 17025 lab; results are pending.
Nicola Mining (OTCQB: HUSIF) filed a listing application with The Nasdaq Capital Market seeking to uplist its common shares in the U.S. and to list under the symbol NICM.
On October 7, 2025 the company filed a Preliminary Short Form Base Shelf Prospectus in Ontario, Alberta and British Columbia to permit offers of qualified securities up to C$10,000,000 during the 25-month period following receipt of a final shelf prospectus receipt. Qualified securities may include preferred shares, debt, warrants, subscription receipts, common shares and units. No amounts or terms have been determined and no securities may be sold until the Canadian regulators issue a receipt for the final shelf prospectus. Copies are available on SEDAR+ or by request. This release is not an offer to sell securities.
Nicola Mining (OTCQB: HUSIF) announced 2026 diamond drilling plans for the Treasure Mountain silver project after 2025 preparation work, including field reconnaissance and prior geophysics and soil sampling. The company received a multi-year area-based exploration permit (MYAB) permitting diamond drilling and trenching (announced June 9, 2025) and holds a mine lease extension through April 26, 2032 (announced August 30, 2024). Treasure Mountain is a permitted silver mine 30 km northeast of Hope, BC, with surface vein-hosted silver, copper, lead, zinc and gold that is reported as open in all directions.
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.