Nicola Mining Inc. has called an annual general and special meeting for August 5, 2026 in Vancouver. Shareholders of record at the close of business on June 30, 2026 are entitled to one vote per common share on matters before the meeting, including fixing the board at five directors, electing the listed nominees, and appointing Davidson & Company LLP as auditor, replacing Crowe MacKay LLP.
The circular presents audited financial statements for the year ended December 31, 2025, details executive pay, including $360,000 in 2025 compensation for CEO Peter Espig and $155,462 for CFO Sam Wong, and seeks re‑approval of the 2022 Equity Incentive Plan. That plan permits option grants up to 10% of the 229,525,709 shares outstanding and performance-based awards up to 14,587,604 shares. Concept Capital Management holds 43,408,898 shares, or 18.91% of outstanding shares.
Nicola Mining Inc. filed a Form 6-K with Q1 2026 results showing a sharp ramp-up in operations but continuing losses and going concern risk. Milling revenue rose to $1.50 million from $6,398 a year earlier, generating a gross margin of $366,023. Total other income was $72,395, yet operating expenses of $1.80 million led to a net loss of $1,015,084, compared with a loss of $475,808 in Q1 2025, largely from higher share-based compensation and listing-related costs.
Cash and cash equivalents increased to $2.45 million and working capital to $7.2 million, aided by a January 2026 private placement of 5,512,001 units at $0.90 for gross proceeds of $4.96 million. Total assets reached $16.66 million, while total liabilities were $15.91 million, including an asset retirement obligation of $13.91 million. Management highlights a material uncertainty that may raise substantial doubt about the Company’s ability to continue as a going concern, emphasizing the need for continued access to financing and profitable milling operations.
Nicola Mining Inc. filed its Annual Report on Form 40-F for the fiscal year ended December 31, 2025, incorporating an Annual Information Form, audited IFRS financial statements, and MD&A by reference. The report states 210,614,380 common stock outstanding as of the close of the period. Management (CEO and CFO) concluded that the company’s disclosure controls and internal control over financial reporting were effective as of December 31, 2025. The company qualifies as an emerging growth company and therefore did not include an auditor attestation under Section 404(b). The filing discloses auditor fees, the audit committee composition and the adoption of a Clawback Policy.
Nicola Mining Inc. ownership disclosure: Citadel-affiliated entities and Kenneth Griffin report shared beneficial ownership of Nicola Mining Inc. common shares represented by American Depositary Shares (each ADS = 12 common shares).
The filing shows Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC each report 16,832,952 shares (reported as 7.0% of the class). Citadel Securities LLC reports 180,339 shares (0.1%) and related Citadel securities entities report 493,839 shares (0.2%). Kenneth Griffin is reported with 17,326,791 shares (7.2%). The filing cites 240,251,392 Shares outstanding comprised of 229,088,596 Shares outstanding as of April 17, 2026 and 11,162,796 Shares issuable upon conversion of certain warrants.