STOCK TITAN
  1. Home
  2. Sec-filings
  3. NICM
  4. [6-K] NICOLA MINING INC. Current Report (Foreign Issuer)

Nicola Mining (NICM) tests Red Eye ore for gold and silver

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

Rhea-AI Filing Summary

Nicola Mining Inc. (NICM) reports initial assay results from two mill feed stockpiles sourced from Red Eye Resources Ltd. under a profit share agreement. A total of 47.82 kilograms of material was sampled, representing an estimated 1,200-tonne large stockpile and 300-tonne small stockpile.

The combined samples indicate a reported weighted average grade of 2.83 grams gold (Au) and 753.41 grams silver (Ag), based on assays from Paragon Geochemical, an ISO 17025:2017 accredited laboratory. Nicola plans to proceed with laboratory simulations to optimize metal recovery at its fully permitted Merritt mill. The company cautions that grades are based on limited, surface-only sampling with high variability and may not represent the full volume of the stockpiles, especially as additional material has been added to the larger pile.

Positive

  • None.

Negative

  • None.
Total sample weight 47.82 kilograms Composite samples from Red Eye large and small stockpiles
Estimated large stockpile size approximately 1,200 tonnes Material represented by 34.31 kg of sampled material
Estimated small stockpile size approximately 300 tonnes Material represented by 14.87 kg of sampled material
Weighted average gold grade 2.83 grams Au Weighted average grade from combined Red Eye stockpile samples
Weighted average silver grade 753.41 grams Ag Weighted average grade from combined Red Eye stockpile samples
High-grade sample Au 18.148 ppm Au Sample RE-04 from the large stockpile
High-grade sample Ag 4,817.38 ppm Ag Sample RE-04 from the large stockpile
Small stockpile footprint 27 m x 8 m x 1.5 m Approximate dimensions of the small Red Eye stockpile
weighted average grade financial
"The above representative results indicate an overall weighted average grade of"
profit share agreement financial
"the two parties had entered into a profit share agreement"
ISO 17025:2017 technical
"an independent ISO 17025:2017 accredited geochemical testing laboratory"
ISO 17025:2017 is an international quality standard that sets out how testing and calibration laboratories must demonstrate technical competence and produce reliable, traceable results. For investors, a lab with this accreditation is like a “driver’s license” for testing: it reduces the risk that product claims, safety data or regulatory samples are based on faulty measurements, which can affect a company’s credibility, compliance costs and market value.
Qualified Person regulatory
"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"
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.

FAQ

What assay results did NICM report from the Red Eye stockpiles?
Nicola reported a weighted average grade of 2.83 g/t gold and 753.41 g/t silver from 47.82 kg of composite samples taken from two Red Eye stockpiles. The company notes these grades are based on limited surface sampling and show high variability.

How much material do the Red Eye stockpiles represent for NICM?
The sampling represents a large stockpile of approximately 1,200 tonnes and a small stockpile of approximately 300 tonnes. Dimensions were about 18 m x 13 m x 3.5 m for the large pile and 27 m x 8 m x 1.5 m for the small pile.

Where were NICM’s Red Eye samples analyzed and under what standards?
Samples were analyzed by Paragon Geochemical in Surrey, British Columbia, an ISO 17025:2017 accredited geochemical testing laboratory. Material was crushed and pulverized (PREP) and analyzed for gold and silver using 2-cycle methods (PA-AU02/AG02).

What is NICM’s next step after receiving the Red Eye assay results?
Nicola plans to proceed with laboratory simulations to maximize recovery of gold and silver. The sampling program was designed to help decide whether to process the Red Eye material at Nicola’s Merritt mill under an existing profit share agreement.

How reliable are the reported grades from NICM’s Red Eye sampling?
Nicola states that the grades are based on limited results and may not be accurate. Samples were collected only from pile surfaces, buried material was not accessed, additional material was later added to the large pile, and the high variability of results adds uncertainty to grade distribution.

Who is the Qualified Person for NICM’s Red Eye assay disclosure?
The scientific and technical information was reviewed and approved by Will Whitty, P.Geo., Nicola’s Vice President of Exploration, who is the Qualified Person under NI 43-101 responsible for this disclosure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

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 August 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

Exhibit Description
  
99.1   News Release dated August 31, 2026

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: August 31, 2026 By: /s/ Sam Wong
    Sam Wong
  Title: Chief Financial Officer

NASDAQ: NICM

TSX.V: NIM

FSE: HLIA

NICOLA MINING RECEIVES POSITIVE SILVER AND GOLD INITIAL ASSAY RESULTS
FROM RED EYE PROJECT

VANCOUVER, B.C., August 31, 2026 - Nicola Mining Inc. (NASDAQ: NICM) (TSX.V: NIM) (FSE: HLIA), (the "Company" or "Nicola") is pleased to announce that it has received initial assays results two mill feed stockpiles comprised of material originating from Red Eye Resources Ltd. ("Red Eye Resources") stockpiles.  The Company announced in its August 17th, 2026, news release that the two parties had entered into a profit share agreement1. 

A total of 47.82 kilograms representative of two stockpiles; 34.31 kilograms from the larger stockpile (approximately 1200 tonnes) and 14.87 kilograms from the smaller stockpile (approximately 300 tonnes), respectively.

Table 1:  Samples taken from large and small stockpiles

  Sample Kg Au  / ppm Ag  /  ppm
Small Stockpile      
  RE-01 3.57 0.224 242.87
  RE-02 5.46 0.375 -
  RE-03 5.84 0.096 -
Large Stockpile      
  RE-04 6.65 18.148 4817.38
  RE-05 3.55 0.182 70.44
  RE-06 5.85 0.646 180.19
  RE-07 3.84 0.698 219.96
  RE-08 3.47 0.234 29.26
  RE-09 5.26 0.103 18.11
  RE-10 4.33 0.631 180.05
  Total Sample Kg 47.82    

The above representative results indicate an overall weighted average grade of 2.83 grams Au and 753.41 grams Ag2.  The Company will now move forward with laboratory simulations to maximize recovery.

Sampling Program

The purpose of this sampling program was to characterize the grades within the two piles to determine whether to process the material at Nicolas's Merritt Mill. The small pile measured approximately 27m by 8m by 1.5m and consists of a single source of material. The larger pile measured approximately 18m by 13m by 3.5m (at the time of sampling) and consists of multiple sources of material.

1 August 17, 2026, news release:  Link

2 It should be noted that grades are based on limited results and may not be accurate.

Sampling was carried out by Nicola geologists. The samples were collected from the surface of the piles to best represent the accessible material. Samples were collected by hand, placed in a poly bag, labeled on the outside, and secured with a zip tie. Samples averaged 3 to 6 kilograms each and included fine material up to slightly larger than fist-sized chunks. Each sample was a composite of material from within an area of a few metres by a few metres. The samples were then transported by Nicola geologists to Paragon Geochemical laboratory in Surrey BC, an independent ISO 17025:2017 accredited geochemical testing laboratory. Samples where crushed and pulverized (lab code PREP) then analyzed for gold and silver using 2-cycle PhotonAssayTM (lab code (PA-AU02/AG02 Au and Ag).

Results of this program should not be considered representative of the entire volume of material contained within the piles, since buried material was not accessible for sampling, and more material was added to the larger pile after the samples were collected. As well, the high variability of results adds uncertainty to the grade distribution.

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.

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: Bill Cawker


Phone: (604) 649-0080

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.

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

1 document

Press Releases