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.