Nicola Mining Inc. filed a Form 6-K as a foreign private issuer mainly to furnish two expert consents tied to its Form F-10 shelf prospectus. Exhibits 99.1 and 99.2 are incorporated by reference into the existing Form F-10 registration statement.
The consents, signed by geologists James N Gray, P. Geo. and Kevin Wells, P. Geo., allow Nicola Mining to reference their names and an NI 43-101 technical report on the preliminary copper resource for the Southern Dump and 3060 Portal Dumps, and to include or incorporate related technical disclosure in current and future prospectus supplements. The filing is signed on behalf of the company by Chief Financial Officer Sam Wong.
Nicola Mining Inc. completed a non-brokered private placement on January 29, 2026, issuing 5,512,001 units at $0.90 per unit for gross proceeds of $4,960,800. Each unit includes one common share and one transferable warrant exercisable at $1.10 per share for three years, with an accelerated expiry if the share price reaches $1.70 for ten consecutive trading days.
The company plans to use the funds to upgrade its Merritt mill, including expanding processing capacity to about 500 tonnes per day with added milling equipment, flotation cells, pumping infrastructure, and crusher maintenance spares, as well as for general operations and working capital. Corporate Secretary William Cawker subscribed for 50,000 units for $45,000 as a related-party transaction under MI 61-101, relying on exemptions from valuation and minority approval requirements.