reports
Nicola Mining Announces Prepayment of Convertible Debentures
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2023) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF), (the "Company" or "Nicola") announces that it has agreed with certain debenture holders to prepay 22% of the current principal amount of $5,296,706 (the "Principal Prepayment Amount") of certain convertible debentures (each, a "Debenture") maturing on November 21, 2025 (the "Maturity Date"), pay a prepayment premium of 10% of the Principal Prepayment Amount and prepay interest (the "Prepayment of Interest Amount") on the Debentures to the Maturity Date. The Company int...
Nicola Mining 2023 Drilling Program at New Craigmont Copper Project Re...
Vancouver, British Columbia--(Newsfile Corp. - December 21, 2023) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF) (the "Company") announces the completion of its 2023 drilling exploration program (the "2023 Program") at the New Craigmont Copper Project ("New Craigmont"), a wholly owned venture located near Merritt, BC, and 33 km south of Teck Resources Ltd.'s Highland Valley Copper, Canada's largest open pit copper mine.The Company initiated the 2023 Program on June 6, 2023, drilling six diamond holes totaling 2,684 metres on Mineral Lease 237643, adjacent to the historic Craigmont ...
Nicola Provides Year in Review: 2023
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2023) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSID) (the "Company" or "Nicola") is pleased to provide its "Year in Review: 2023", with the hope of providing additional clarity on several key milestones that were achieved in 2023. In addition to highlighting the significance of noteworthy events, we are hopeful that this letter can provide clarity on key news releases and insight into next year.Financially the Company has undergone a positive metamorphosis; we ended Q3 with close to $6.0 MM in cash versus $0.8 MM one year...
Nicola Mining Inc. Provides Update on Letter of Intent with Nitettsu M...
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2023) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI), (the "Company" or "Nicola") announces the suspension to the process of entering into a definitive agreement with Nittetsu Mining Co. Ltd. ("Nittetsu") with respect of the Company's wholly-owned New Craigmont Copper Property (the "Property").The Company announced that it had entered into a non-binding letter of intent ("LOI") on September 6, 2023, which was subsequently followed by a two-week site visit by Nittetsu's geological team.During the site visit, Nittetsu and Nicola worked on ...
Nicola Mining Inc. Signs Letter of Intent with Nittetsu Mining Co. Ltd...
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI), (the "Company" or "Nicola") is pleased to announce that it has signed a non-binding letter of intent ("LOI") with Nittetsu Mining Co. Ltd. ("Nittetsu")1, a public arm's length company based in Japan, whereby Nicola would agree to establish a joint venture entity with Nittetsu in respect of the Company's wholly-owned New Craigmont Copper Project (the "Project") in exchange for the payment by Nittetsu of certain exploration costs and other consideration, which could total up to $25.0 M...
Nicola Mining and High Range Submit Bulk Sample Permit Application and...
Vancouver, British Columbia--(Newsfile Corp. - August 3, 2023) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (the "") is pleased to provide the following updates on the Dominion Creek Property (the "Gold Project"), which is located 43 kilometers northeast of the Town of Wells and approximately 110 kilometers east-southeast of Prince George. The Company has previously announced two key agreements that it has entered in with High Range Exploration Ltd. ("High Range"). 1 ("Profit Share Agreement") that provides a 50/50 profit split between the Miner, High Range, and Miller, Nicola.2 ("Purchase Ag...
Nicola Mining Inc. Ships Concentrate Produced Jointly with Osisko Deve...
Vancouver, British Columbia--(Newsfile Corp. - July 5, 2023) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF) (the "") is pleased to announce that it has commenced shipping of concentrate produced jointly with Osisko Development Corp. (NYSE: ODV) (TSXV: ODV) ("Osisko"). To date approximately 160 dry metric tonnes of gold concentrate grading an estimated 90 g/t Au have been shipped from site. The Company has secured an offtake agreement1 with 2 ("Ocean Partners") to sell the concentrate on behalf of Nicola and Osisko. The Company has also completed the first four drill holes in its ...
Nicola Mining Inc. and Blue Lagoon Resources Inc. Sign Long Term Exten...
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2023) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF), (") is please to announce that it and Blue Lagoon Resources Inc. (CSE: BLLG) ("Blue Lagoon") have signed a second amending agreement (the "Second Amending Agreement") to the Original Agreement ("Original")1 and , the latter which was described in the Company's May 5, 2021 news release. The extension now extends to March 31, 2027, and includes certain adjusted terms that were agreed upon in the Original and subsequent Amending Agreements.During the 2021 campaign Nicola and Bl...
Nicola Mining Prepares for 2023 Drilling Exploration at New Craigmont ...
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2023) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF) (the "Company" or "Nicola") is pleased to announce that it has finalized its 2023 diamond drilling exploration planning (the "2023 Program") at its wholly-owned New Craigmont Copper Project ("New Craigmont"), located near Merritt, BC, and 33 km south of Teck Resources Ltd.'s Highland Valley Copper, Canada's largest open pit copper mine. Drilling is expected to commence mid-May and the Company has engaged Western Exploration Diamond Drilling (Western), for the 2023 program. We...
Nicola Mining Announces Repayment of Prepayment to Ocean Partners
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF), (the "") announces that it has repaid in full the US$750,000 (C$1,028, 475) Prepayment Facility to Ocean Partners UK Limited1 ("Ocean Partners"). Repayment funds were derived from operating cash flow at the Company's Craigmont Mill site, located near Merritt, British Columbia. Peter Espig, CEO of Nicola, commented, "We continue to make headways on our corporate goals and expect a busy 2023, both operationally and in copper exploration."Brent Omland, CFO of Ocean Partn...
Nicola Provides Year in Review: 2022
Vancouver, British Columbia--(Newsfile Corp. - December 20, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF) (the "Company" or "Nicola") is providing "Year in Review: 2022", with the hope that it provides additional clarity on several key milestones that were achieved in 2022. In addition to highlighting the significance of noteworthy events, we are hopeful that this letter provides insight into our plans for 2023.The year began with the Company announcing that it had completed shipment of of gold and silver concentrate via a Mining and Milling Partnership Agreement with Blu...
Nicola Mining Inc. And Osisko Development Corp Sign Memorandum of Unde...
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF) (the "Company" or "Nicola") is pleased to announce that it and Osisko Development Corp (NYSE: ODV) (TSXV: ODV) ("Osisko") have signed a Memorandum of Understanding ("MOU") for the processing of gold mill feed currently stock piled at Osisko's site, located in the Cariboo Mining District in east-central BC, east and southeast of the City of Quesnel. The gold mill feed originates from Osisko's wholly owned subsidiary Barkerville Gold Mines Ltd[1].Under the MOU, Osisko hope...
Nicola Mining Receives Multi-Year Area Based Exploration Permit for It...
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF) (the "" or "") is pleased to announce that it has received a multi-year area-based exploration permit, Permit Number MX-4-697 (the "MYAB Permit[1]"), on November 3, 2022. The MYAB Permit allows Nicola to conduct extensive copper exploration on its wholly-owned New Craigmont Property (the ""), which is located adjacent to Teck Resources Ltd.'s Highland Valley Copper, Canada's largest copper mine, through to November 2, 2027.New Craigmont is the site of the historic Craig...
Nicola Mining Provides Exploration Update Including Results from Recen...
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF) (the "" or "") is pleased to announce the completion of a district-wide airborne geophysical survey and related inversion modeling results carried out across its wholly owned New Craigmont Property (the ""), which is located in Central British Columbia. The Z-axis Tipper Electromagnetic ("ZTEM") survey has imaged the electrical conductivity signature of known mineral occurrences ("MINFILEs1") in the province of British Columbia. ZTEM has produced similar comparable sign...
Nicola Mining Completes Partial Prepayment of Outstanding Debenture an...
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF), (the "") announces that it has completed a prepayment of 20% (the "Prepayment") of the outstanding principal, as well as interest, of the debenture due November 21, 2022. The Company prepaid $1,329,176 of the principal and $81,936 in accrued interest of the $6,942,882 outstanding principal. The remaining principal of the debenture is now $5,613,706. Approximately 89% of the outstanding debenture is held by Concept Capital Management ("CCM") an insider and largest shareho...
Nicola Mining Announces Partnership with the University of British Col...
Vancouver, British Columbia--(Newsfile Corp. - June 29, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI), (the "") is pleased to announce that it has entered into a funding agreement with the University of British Columbia's ("UBC") and UBC Mineral Deposit Research Unit ("MDRU") to research the potential and existence of copper porphyry systems. MDRU is a partnership between UBC Mineral Deposit Research Unit, Lakehead University and Universities of Alberta and Calgary, and 15 partner organizations, which includes Nicola Mining Inc., focused on improving the rate at which porphyry copper depo...
Nicola Mining Commences Gravel Pit Operations, Commences ZTEM Survey a...
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI), (the ) is pleased to announce that it has recommenced operations at its gravel pit (Permit G-15-019) with its partner Lower Nicola Site Services Ltd. ("LNSS") an indirectly majority-owned company which is a partnership between the Lower Nicola Indian Band Development Corporation and Infracon Construction Inc. The gravel pit is located at the Company's , located approximately 14 kilometers from Merritt, British Columbia ("BC"). Nicola and LNSS have commenced supplying much needed sand a...
Nicola Mining Receives Rock Quarry Permit and Has Commenced Supplying ...
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI), (the "") is pleased to announce that on March 29, 2022, it successfully received a Notice of Departure ("NoD") at the New Craigmont Project from the Ministry of Energy, Mines and Low Carbon Innovation ("EMLI"). The NoD on the Company's M-68 Permit allows for the extraction of up to 3.0 million tonnes ("Mt") of inert available rock material that may be used for the infrastructure reconstruction efforts at a production rate of approximately 1500 tonnes per day. Under the Mineral Tenure Act,...
Nicola Mining Inc. CEO Letter to Shareholders
Vancouver, British Columbia--(Newsfile Corp. - March 25, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI).Dear Shareholders and Investors,Over the past year, Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (the "Company" or "Nicola") has released several news releases providing updates on the Company's New Craigmont copper project (the "New Craigmont"), Treasure Mountain silver project ("Treasure Mountain"), and Dominion Gold project, as well as operations at its Merritt Mill gold and silver milling facility ("Merritt Mill Site"). While the diversity of news may cause confusion as to the Company's ...
Nicola Mining Enters into Agreement with Lower Nicola Site Services Lt...
Vancouver, British Columbia--(Newsfile Corp. - March 14, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI), (the "") is pleased to announce that it has entered into a Rock and Gravel Extraction and Preferential Engagement Agreement (the "Agreement") with Lower Nicola Site Services Ltd. ("LNSS") an indirectly majority-owned company which is a partnership between the Lower Nicola Indian Band Development Corporation and Infracon Construction Inc.The Agreement provides LNSS the exclusive right to extract gravel and rock from the Company's , located approximately 14 kilometers from Merritt, British...
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