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Nicola Mining (NASDAQ: NICM) prepares to start high-grade Dominion gold production

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Nicola Mining Inc. is in the final stages of preparation to commence gold and silver extraction at its Dominion Gold Project in British Columbia, with mill feed extraction expected to begin in the first week of July. Material from Dominion will be processed at Nicola’s wholly owned Merritt Mill, described as the only fully permitted facility in British Columbia authorized to process gold and silver material sourced from across the province.

To support startup, Nicola advanced key infrastructure and equipment initiatives, including an additional $251,000 payment toward reclamation bonding under Mines Act Permit MX-1000004881, completion of the final payment for a fully furnished 14-person operational camp, acquisition of three CATERPILLAR 336-07 excavators, a Traxxon TR-EX2000 rock drill attachment, a John Deere 310E haul truck, and hiring operational crews and a key mining contractor. The project has returned grades of up to 113 grams of gold per tonne (3.31 ounces per tonne), with vein systems remaining open in all directions. CEO Peter Espig highlighted Dominion’s near-term production potential and its role as a premium-grade mill feed source for Merritt Mill, alongside ongoing production milestones at Blue Lagoon Resources Inc., which he stated position Nicola for a transformative period of operational growth and increasing cash flow generation. The Dominion Creek Property consists of 9 mineral claims totaling approximately 1,058 hectares, with historic work including 53 shallow diamond drill holes totaling 3,483.86 meters, and its technical information has been reviewed and approved by Qualified Person Will Whitty, P.Geo., Vice President of Exploration.

Positive

  • Startup of high-grade Dominion production: Nicola is preparing to commence gold and silver extraction at the Dominion Gold Project, with mill feed expected to start in the first week of July, potentially adding a new premium-grade source of material for its Merritt Mill operations.
  • Investment in infrastructure and reclamation bonding: The company advanced operations with new heavy equipment, a fully furnished 14-person camp, and an additional $251,000 reclamation bonding payment, supporting both production readiness and environmental compliance.

Negative

  • None.
Additional reclamation bonding payment $251,000 Payment toward reclamation bonding under Mines Act Permit MX-1000004881 for Dominion
Prior reclamation bonding payment $137,000 Amount Nicola had already paid toward reclamation bonding
Peak gold grade 113 grams of gold per tonne Maximum reported grade at Dominion, equal to 3.31 ounces of gold per tonne
Dominion claims area 1,058 hectares Approximate total area of 9 mineral claims (55 units) at Dominion Creek Property
Historic drill holes 53 diamond drill holes Noranda’s shallow diamond drilling totaling 3,483.86 meters at Dominion
Historic drilling length 3,483.86 meters Total length of Noranda’s 53 shallow diamond drill holes
New Craigmont size over 10,800 hectares Area covered by Nicola’s 100%-owned New Craigmont high-grade copper property
Treasure Mountain size exceeding 2,200 hectares Area covered by Nicola’s 100%-owned Treasure Mountain Property
reclamation bonding regulatory
"strengthening its reclamation profile through an additional $251,000 payment toward reclamation bonding requirements"
A reclamation bond is a financial guarantee—usually cash, a surety bond, or other pledged asset—that a company must provide to regulators to pay for cleaning up and restoring land after mining, drilling, or other industrial activity. Investors care because it represents a real cost and legal obligation that can tie up capital, affect project economics, and become an unexpected expense if the company fails to complete reclamation; think of it as a security deposit held to ensure a rented property is returned in good condition.
Mines Act Permit regulatory
"reclamation bonding requirements under Mines Act Permit MX-1000004881"
A mines act permit is a government authorization required to explore, develop or operate a mine under a jurisdiction’s mining laws, setting conditions for safety, land use, environmental protection and worker welfare. For investors it matters because the permit determines whether a project can legally produce revenue, how quickly operations can start, and what ongoing costs or restrictions will apply — like having both a driver’s license and a building permit before you can safely and legally use a vehicle and occupy a new house.
Qualified Person regulatory
"reviewed and approved by Will Whitty, P.Geo., who is the Qualified Person as defined by NI 43-101"
A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.
NI 43-101 regulatory
"Qualified Person as defined by NI 43-101. Mr. Whitty is Vice President of Exploration"
A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.
tailings facility technical
"maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia"
A tailings facility is a controlled storage area where mining companies deposit the leftover slurry of crushed rock, water, and chemicals after ore has been processed. It matters to investors because these sites carry costs and risks — such as cleanup, regulatory fines, operational shutdowns, and damage to reputation — that can materially affect a mine’s finances and the company’s share value; think of it like a large, engineered waste pond whose condition can make or break a project.
geochemical silt sample survey technical
"Noranda's exploration program included a small (20 samples) geochemical silt sample survey"
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FAQ

What did Nicola Mining (NICM) announce about the Dominion Gold Project?
Nicola Mining announced it is in the final stages of preparation to commence gold and silver extraction at its Dominion Gold Project, with mill feed extraction expected to begin in the first week of July, using its wholly owned Merritt Mill in British Columbia.

How high are the reported gold grades at Nicola Mining (NICM)’s Dominion project?
The Dominion Gold Project has returned grades of up to 113 grams of gold per tonne (3.31 ounces per tonne), with vein systems described as remaining open in all directions, indicating the potential for robust mineralization beyond currently defined areas.

What reclamation bonding payments has Nicola Mining (NICM) made for Dominion?
Nicola made an additional $251,000 payment toward reclamation bonding under Mines Act Permit MX-1000004881 and had already paid $137,000 previously, strengthening its reclamation profile as it prepares to commence operations at the Dominion Gold Project.

What infrastructure has Nicola Mining (NICM) secured to start Dominion operations?
To support startup, Nicola completed payment for a fully furnished 14-person operational camp, acquired three CATERPILLAR 336-07 excavators, a Traxxon TR-EX2000 rock drill attachment, a John Deere 310E haul truck, and hired operational crews and a key mining contractor.

How large is Nicola Mining (NICM)’s Dominion Creek Property and what work has been done?
The Dominion Creek Property comprises 9 mineral claims totaling about 1,058 hectares. Historic work by Noranda included 53 shallow diamond drill holes totaling 3,483.86 meters, plus extensive geochemical surveys that led to multiple mineralized quartz vein discoveries.

What other key assets does Nicola Mining (NICM) own besides Dominion?
Nicola owns a 100% interest in the Merritt Mill and tailings facility, the high-grade copper New Craigmont Project covering over 10,800 hectares, and the Treasure Mountain Property with more than 2,200 hectares of mineral claims and a mineral lease.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2026

Commission File Number: 001-43228

Nicola Mining Inc.
(Translation of registrant's name into English)

Suite 1212 – 1030 West Georgia Street, Vancouver,
British Columbia V6E 2Y3, Canada
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐      Form 40-F ☒

SUBMITTED HEREWITH

Exhibits

99.1   News Release dated June 1, 2026

- 2 -

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  Nicola Mining Inc.
  (Registrant)
   
Date: July 14, 2026 By: /s/ Sam Wong
    Sam Wong
  Title: Chief Financial Officer

NASDAQ: NICM

TSX.V: NIM

FSE: HLIA

NICOLA MINING TO COMMENCE GOLD PRODUCTION AT DOMINION GOLD PROJECT

VANCOUVER, B.C. June 1, 2026 - Nicola Mining Inc. (NASDAQ: NICM) (TSX.V: NIM) (FSE: HLIA), (the "Company" or "Nicola") is pleased to announce that it is in the final stages of preparation to commence gold and silver extraction operations at its Dominion Gold Project ("Dominion"). The high-grade gold project is located approximately 43 kilometres northeast of the Town of Wells and 110 kilometres southeast of Prince George, British Columbia. Material extracted from Dominion will be processed at the Company's wholly owned Merritt Mill, the only fully permitted milling facility in British Columbia authorized to process gold and silver material sourced from throughout the province.

In anticipation of commencement of operations, the Company has advanced multiple key infrastructure, equipment, and operational initiatives, while also strengthening its reclamation profile through an additional $251,000 payment toward reclamation bonding requirements under Mines Act Permit MX-1000004881, as well as the following:

  • Completion of the final payment for the purchase and installation of a fully furnished 14-person operational camp, including all required site facilities2;
  • Acquisition of three CATERPILLAR 336-07 excavators;
  • Acquisition of Traxxon TR-EX2000 High Performance Rock Drill attachment;
  • Securing of a John Deere 310E haul truck;
  • Hiring of operational crews and engagement of key mining contractor

Mill feed extraction is expected to commence first week of July.

Mr. Peter Espig, CEO of Nicola Mining Inc., commented:

"Dominion represents a highly compelling high-grade gold asset that we believe possesses both exceptional near-term production potential and significant long-term strategic value for Nicola. The project has consistently demonstrated robust mineralization, with vein systems remaining open in all directions and returning grades of up to 113 grams of gold per tonne (3.31 ounces of gold per tonne) 3. As we transition toward extraction, we are particularly excited by the opportunity to establish Dominion as a meaningful and sustainable source of premium-grade mill feed for our Merritt Mill operations. Concurrently, we continue to work closely with Blue Lagoon Resources Inc., which continues to achieve important production milestones while maintaining strong operational discipline and grade control. We believe the convergence of these developments positions Nicola for a transformative period of operational growth and increasing cash flow generation."

Qualified Person

The scientific and technical disclosures included in this news release have been reviewed and approved by Will Whitty, P.Geo., who is the Qualified Person as defined by NI 43-101. Mr. Whitty is Vice President of Exploration for the Company.

__________________________
1 Nicola had already paid $137,000
2 July 30, 2025, news release: Link
3 November 10, 2025, news release:  Link

DOMINION CREEK PROPERTY HISTORY

The Dominion Creek Property consists of 9 mineral claims (55 units) totaling approximately 1,058 hectares. The property was acquired from the prospector N. Kencayd by Noranda Exploration Company Ltd. in 1986. Noranda subsequently conducted geological, geochemical, and geophysical surveys which culminated in an increase in their land position. Between 1987 and 1990, Noranda's exploration program included a small (20 samples) geochemical silt sample survey. Encouraged by those results, a larger soil geochemical survey (3,399 samples) was conducted. Noranda drilled a total of 53 shallow diamond drill holes, totaling 3,483.86 meters (average depth of approximately 65.7 meters). Trenching of several coincident Pb, Zn, Cu, Ag and Au soil geochemistry anomalies resulted in the discovery of several mineralized quartz veins. 

A Technical Report4 on the Dominion Creek Project was completed by Geospectrum Engineering on August 22, 2003.

About Nicola Mining

Nicola Mining Inc. is a junior mining company listed on the NASDAQ, the TSX Venture Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high grade gold projects. Nicola's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.

The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of over 10,800 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada's largest copper mine. The Company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.

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

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.

__________________________
4 Makepeace, D. K., 2003. Dominion Creek Project Technical Report for XMP Mining Ltd. Geospectrum Engineering, August 22.

Source: View Original Filing on SEC EDGAR

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