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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.
Nicola Mining (NASDAQ: NICM) announced on April 14, 2026 that it has engaged Global One Media Group to support its digital investor communications strategy. Global One Media will produce and distribute digital investor content, including video interviews, to raise Nicola's visibility across North America, Europe and Asia.
The firm disclosed it holds no current interest in Nicola and may provide additional services in the future.
Nicola Mining (NASDAQ: NICM) priced an underwritten US offering of 930,233 ADSs and detachable warrants at US$6.45 per ADS and warrant, generating expected gross proceeds of US$6.0 million. Each ADS represents 12 common shares and warrants expire five years after issuance.
The ADSs are expected to begin trading on the Nasdaq Capital Market on April 13, 2026, with closing targeted for April 14, 2026. Net proceeds are earmarked for mill expansion, property, plant and equipment, and working capital.