Nicola Mining (NICM) cuts gold mill profit-share pact in British Columbia

Rhea-AI Filing Summary

Nicola Mining Inc. (NICM) announced it has entered into a Mining and Milling Profit Share Agreement with privately held Red Eye Resources Ltd. Under this agreement, Red Eye Resources may transport qualifying precious-metal mineralized material to Nicola’s Merritt Mill in British Columbia for processing, with profits shared equally between the two parties.

Nicola highlights that Merritt Mill is the only facility in British Columbia permitted to accept third-party gold and silver mill feed from across the province, supporting its strategy of using the mill as a centralized processing platform for high-grade projects. The company also notes its 100% ownership of the Merritt mill and tailings facility, the New Craigmont copper project of over 10,800 hectares, and the Treasure Mountain property exceeding 2,200 hectares.

Key Figures

Ownership of Merritt mill and tailings facility: 100% owned New Craigmont Project area: over 10,800 hectares Treasure Mountain Property area: exceeding 2,200 hectares +2 more

5 metrics

Ownership of Merritt mill and tailings facility 100% owned Nicola Mining states it maintains a 100% owned mill and tailings facility near Merritt, British Columbia

New Craigmont Project area over 10,800 hectares Described as a high-grade copper property covering an area of over 10,800 hectares

Treasure Mountain Property area exceeding 2,200 hectares Includes 30 mineral claims and a mineral lease spanning an area exceeding 2,200 hectares

Treasure Mountain mineral claims 30 mineral claims Treasure Mountain Property includes 30 mineral claims and a mineral lease

Mill processing capability gold and silver mill feed Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes

Key Terms

Mining and Milling Profit Share Agreement, qualified person, NI 43-101, tailings facility, +1 more

5 terms

Mining and Milling Profit Share Agreement financial

"have signed a Mining and Milling Profit Share Agreement (the "Agreement")"

qualified person technical

"reviewed and approved by Will Whitty, P.Geo., who is the Qualified Person"

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.

tailings facility technical

"maintains a 100% owned mill and tailings facility, located near Merritt"

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.

gravity and flotation processes technical

"fully permitted mill can process both gold and silver mill feed via gravity and flotation processes"

FAQ

What agreement did NICM announce with Red Eye Resources on this Form 6-K?

Nicola Mining Inc. announced a Mining and Milling Profit Share Agreement with Red Eye Resources Ltd. Red Eye Resources may deliver qualifying precious-metal mineralized material to Nicola’s Merritt Mill for processing, and profits will be shared equally between Nicola and Red Eye Resources.

How will profits be shared under Nicola Mining’s agreement with Red Eye Resources?

Under the agreement, profits generated are to be shared equally between Nicola Mining Inc. and Red Eye Resources Ltd. The arrangement focuses exclusively on precious-metal opportunities, with material processed at Nicola’s Merritt Mill in British Columbia.

What is special about Nicola Mining’s Merritt Mill mentioned in the 6-K?

Nicola Mining states that its Merritt Mill is the only facility in British Columbia permitted to accept third-party gold and silver mill feed from throughout the province, allowing collaboration with project owners who lack their own processing infrastructure.

Who is Red Eye Resources in Nicola Mining’s new agreement?

Red Eye Resources Ltd. is described as a privately held mineral exploration and project-generation company based in British Columbia. It maintains a portfolio of precious metal prospects and is supported by a team with decades of experience in the province’s mining and exploration industry.

What key assets does NICM highlight alongside the profit share agreement?

Nicola Mining highlights its 100% owned mill and tailings facility near Merritt, British Columbia, the New Craigmont Project high-grade copper property covering over 10,800 hectares, and the Treasure Mountain Property with 30 mineral claims and a mineral lease over 2,200 hectares.

Who is the Qualified Person for technical disclosures in this NICM filing?

The scientific and technical disclosures were reviewed and approved by Will Whitty, P.Geo., Nicola Mining’s Vice President of Exploration, who is identified as the Qualified Person as defined by NI 43-101.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 08/26/2026 - 05:25 PM Accepted by SEC EDGAR 08/26/2026 - 05:24 PM Learn about SEC filing dates

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 17, 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 17, 2026	By:	/s/ Sam Wong
		Sam Wong
	Title:	Chief Financial Officer

NASDAQ: NICM

TSX.V: NIM

FSE: HLIA

NICOLA MINING ENTERS INTO MINING AND MILLING PROFIT SHARE AGREEMENT
WITH RED EYE RESOURCES

VANCOUVER, B.C. August 17, 2026 - Nicola Mining Inc. (NASDAQ: NICM) (TSX.V: NIM) (FSE: HLIA), (the "Company" or "Nicola") is pleased to announce that it and Red Eye Resources Ltd. ("Red Eye Resources") have signed a Mining and Milling Profit Share Agreement (the "Agreement").  Pursuant to the Agreement, Red Eye Resources may transport qualifying mineralized material to Nicola's Merritt Mill, located near Merritt, British Columbia, for processing.

Red Eye Resources is a privately held mineral exploration and project-generation company based in British Columbia. The company maintains a portfolio of precious metal prospects and its supported by a team with decades of experience in British Columbia's mining and exploration industry. The Agreement will focus exclusively on precious-metal opportunities, with profits generated under the arrangement to be shared equally between Nicola and Red Eye Resources.

Nicola's Merritt Mill is the only facility in the Province of British Columbia permitted to accept third party gold and silver mill feed from throughout the province.

This unique permitting position provides Nicola with the ability to collaborate with project owners seeking access to established processing infrastructure without the significant capital requirements and permitting timelines associated with constructing a standalone milling facility.

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

"This Agreement represents another step in Nicola's strategy of leveraging the Merritt Mill as a centralized processing platform for high-grade precious-metal projects throughout British Columbia. Red Eye Resources exemplifies an emerging and important segment of the province's mining industry: experienced, technically capable private operators advancing projects that may not independently justify the capital investment required for dedicated processing infrastructure.

"By adding Red Eye Resources' project-generation and mining expertise with Nicola's permitted milling infrastructure and current projects, we believe that we can supplement opportunities capable of generating near-term economic value. Nicola is pleased to support high-grade, smaller-resource projects and experienced British Columbia operators at a time when the province is placing renewed emphasis on strengthening and advancing its domestic mining industry."

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.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 6.9 KB