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Nicola Mining (NASDAQ: NICM) leads $10M Dome Mountain financing with Ocean Partners

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

Rhea-AI Filing Summary

Nicola Mining Inc. reported that it and Ocean Partners UK Limited have committed to a combined $10.0 million financing for Blue Lagoon Resources to support development of the 100%-owned Dome Mountain gold and silver project in British Columbia. The financing is structured in two equal tranches, with Nicola investing $5.0 million and Ocean Partners investing $5.0 million.

Nicola’s contribution was made via a private placement at $0.60 per share, resulting in the acquisition of 8,333,333 common shares of Blue Lagoon. This follows Nicola’s earlier $1.0 million strategic investment at $0.14 per share completed on January 17, 2024. Ocean Partners has now committed a total of $8.0 million to Blue Lagoon, including a previously announced $3.0 million investment.

The funding is expected to advance mine development aimed at increasing production toward a targeted 150–200 tonnes per day. Nicola highlights that, as Blue Lagoon’s production advances, its wholly owned, fully permitted Merritt Mill in British Columbia is expected to play an increasingly important role in processing regional gold and silver material, reinforcing Nicola’s integrated model of financing, processing, and concentrate marketing.

Positive

  • $5.0 million strategic investment in Blue Lagoon strengthens Nicola’s integrated model linking mine development, processing at Merritt Mill, and concentrate marketing, and supports ramp-up toward 150–200 tonnes per day production at the Dome Mountain project.

Negative

  • None.

Filing Explained

Nicola completed a $5.0 million private-placement investment in Blue Lagoon; the filing describes an investee-level share acquisition, not a disclosed issuance by Nicola.

As a Form 6-K, this report furnishes material information from a foreign private issuer. Nicola reports that its $5.0 million investment in Blue Lagoon was completed through a private placement, acquiring 8,333,333 common shares; Ocean Partners’ separate $5.0 million portion is described as committed. The disclosed equity transaction is therefore an investment by Nicola at the Blue Lagoon level, not a reported issuance of Nicola common shares.

A private placement is a sale of securities to selected investors outside a public offering; the supplied definition notes a later registration statement for resale.

Total financing commitment $10.0 million Combined Nicola and Ocean Partners financing to Blue Lagoon Resources
Nicola investment amount $5.0 million Nicola’s tranche of the Blue Lagoon financing
Ocean Partners total commitment $8.0 million Ocean Partners’ cumulative investments in Blue Lagoon including prior $3.0 million
Private placement price $0.60 per share Price per share for Nicola’s $5.0 million Blue Lagoon investment
Shares acquired 8,333,333 shares Blue Lagoon common shares acquired by Nicola in the private placement
Prior Nicola investment $1.0 million Earlier strategic investment in Blue Lagoon at $0.14 per share on January 17, 2024
Target production rate 150–200 tonnes per day Dome Mountain project production ramp-up target supported by the financing
New Craigmont project size over 10,800 hectares Area covered by Nicola’s 100% owned New Craigmont copper project
private placement financial
"Nicola's investment was completed through a private placement at $0.60 per share"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
tonnes per day technical
"increase production toward the targeted 150-200 tonnes per day"
Tonnes per day is a measure of how much material — such as minerals, oil, chemicals, or waste — is processed, produced or moved each day, expressed in metric tons. Investors use it like the speedometer of an operation: higher tonnes-per-day capacity usually means more potential sales, revenue and economies of scale, while declines or bottlenecks can signal production problems and affect a company’s cash flow and valuation.
fully permitted milling facility regulatory
"British Columbia's only fully permitted milling facility authorized to process gold and silver"
Mining and Milling Profit Share Agreements financial
"It has signed Mining and Milling Profit Share Agreements with high grade gold projects"
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"
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.

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

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FAQ

What financing did Nicola Mining (NICM) announce for Blue Lagoon Resources?
Nicola Mining and Ocean Partners committed a combined $10.0 million financing to Blue Lagoon Resources. Each party is investing $5.0 million to support development and production ramp-up at the Dome Mountain gold and silver project in British Columbia.

How much is Nicola Mining (NICM) investing and on what terms?
Nicola Mining is investing $5.0 million in Blue Lagoon via a private placement at $0.60 per share. This results in Nicola acquiring 8,333,333 common shares, expanding its strategic equity position in Blue Lagoon Resources.

What is the production target for Blue Lagoon’s Dome Mountain project backed by Nicola Mining (NICM)?
The financing is expected to advance mine development to increase output toward 150–200 tonnes per day. Nicola Mining views this ramp-up as key to Blue Lagoon’s transition toward sustained commercial production at the Dome Mountain gold and silver project.

What prior investments have Nicola Mining (NICM) and Ocean Partners made in Blue Lagoon?
Nicola previously invested $1.0 million at $0.14 per share in January 2024, while Ocean Partners’ total commitment now stands at $8.0 million, including a previously announced $3.0 million investment in Blue Lagoon Resources.

How does this financing relate to Nicola Mining’s (NICM) Merritt Mill?
Nicola expects Blue Lagoon’s production growth to increase the importance of its wholly owned, fully permitted Merritt Mill. The mill can process gold and silver feed and is positioned to support regional mining, integrating financing, processing, and concentrate marketing.

What core assets does Nicola Mining (NICM) own besides its Blue Lagoon stake?
Nicola owns a 100%-owned mill and tailings facility near Merritt, the New Craigmont high-grade copper project covering over 10,800 hectares, and the Treasure Mountain property with mineral claims over 2,200 hectares in British Columbia.

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 10, 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 10, 2026 By: /s/ Sam Wong
    Sam Wong
  Title: Chief Financial Officer

NASDAQ: NICM

TSX.V: NIM

FSE: HLIA

NICOLA MINING AND ITS PARTNER OCEAN PARTNERS PROVIDE $10.0 MILLION IN
FINANCING TO BLUE LAGOON RESOURCES INC.

VANCOUVER, B.C. August 10, 2026 - Nicola Mining Inc. (NASDAQ: NICM) (TSX.V: NIM) (FSE: HLIA), (the "Company" or "Nicola") is pleased to announce that it, and Ocean Partners UK Limited1 ("Ocean Partners") have committed to a combined $10.0 million in financing to Blue Lagoon Resources (CSE: BLLG) ("Blue Lagoon").

The financing consists of two equal tranches, with Nicola investing $5.0 million and Ocean Partners investing $5.0 million, to support the continued development and production ramp-up of Blue Lagoon's 100%-owned Dome Mountain Gold and Silver Project, located near Smithers, British Columbia2.  The financing is expected to advance mine development activities necessary to increase production toward the targeted 150-200 tonnes per day.

Nicola's investment was completed through a private placement at $0.60 per share, resulting in the acquisition of 8,333,333 common shares. This investment builds upon Nicola's earlier strategic investment of $1.0 million at $0.14 per share completed on January 17, 20243 underscoring the Company's long-term conviction in Blue Lagoon's management team and the Dome Mountain project.

Ocean Partners' participation further reinforces the strategic alignment among the parties. Combined with its previously announced $3.0 million investment4, Ocean Partners has now committed $8.0 million to Blue Lagoon. Collectively, Nicola and Ocean Partners have established a significant strategic equity position while providing capital intended to accelerate production growth.

Beyond the equity investment, the financing further strengthens the integrated relationship between mine development, concentrate marketing, and milling infrastructure. As Blue Lagoon advances production, Nicola's wholly owned Merritt Mill-British Columbia's only fully permitted milling facility authorized to process gold and silver material sourced throughout the province-is expected to play an increasingly important role in supporting regional mining operations.

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

"This investment reflects our confidence in both the quality of the Dome Mountain asset and Blue Lagoon's management team's ability to execute its production strategy. Nicola's objective extends beyond providing capital-we seek to partner with companies that can benefit from our operational infrastructure, technical expertise, and long-term strategic relationships.

Together with Ocean Partners, we believe this financing positions Blue Lagoon to accelerate its transition toward sustained commercial production while strengthening an integrated mining model that combines financing, processing, and concentrate marketing. As Nicola continues to expand and upgrade the Merritt Mill, we remain committed to supporting responsible mine development throughout British Columbia and creating long-term value for all stakeholders."

1 Ocean Partners operates in several countries throughout the world.  Ocean Partners maintains a strong global network of relationships and contacts in the base metal mining and smelting sector.

2 May 19, 2026 New Release: Link

3 Stockwatch Report: Link

4 May 19, 2026 New Release: Link

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: 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.

Source: View Original Filing on SEC EDGAR

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