reports
- Ben Pirie
- Nicholas Cortellucci
- CFA
Q4/24 Recap: All Our Research in One Place!
Quarterly Coverage Update As we close out the year, we are pleased to release our Q4/24 recap report, showcasing all the research content we have published over the past three months. This quarter, we introduced short-form company overviews, sharing them across our new TikTok page as well as LinkedIn, YouTube, and X (Twitter) to provide a brief introduction to some of our covered companies. We also proudly hosted Atrium Research’s inaugural Mining Investor Event, which brought together clients,...
- Ben Pirie
NIM: Operational & Exploration Update + Closes Financing
What you need to know: • Nicola announced an operational and exploration update on its 2024 drill program. • NIM made a deposit for a Notice of Work and Reclamation Program at the Dominion Creek Project, which is an important milestone in obtaining the final permit for a bulk sample in 2025. • NIM completed a flow-through private placement of 1.6M shares at $0.335/share. This morning, Nicola Mining Corp. (NIM:TSXV, HUSIF:OTC) provided an operational and exploration update on its 2024 drilling p...
- Ben Pirie
Mining Monthly: November Edition
What you need to know: • Following the election of Donald Trump, gold and precious metals fell sharply alongside the mining equities. Despite the shock drop, the metals began a reassuring rebound in the back half of the month. • Mining equities performed negatively with the GDX down 6.7%, GDXJ down 7.4%, SIL down 6.0%, and COPX down 2.4%. • Despite metals prices falling, there are many benefits to the mining industry under a Trump administration. • Financings were again elevated in November ...
- Ben Pirie
Mining Monthly: October Edition
What you need to know: • Following strong performance in September, the precious metals again posted excellent returns, with gold being up 3.2% (to ATHs) and silver being up 4.1% (reaching its highest price in 12 years). • The mining equities had mixed performance relative to the metals with the GDX up 1.3%, GDXJ up 5.7%, SIL up 10.2%, and COPX down 7.6%. • Financings picked up massively in October as generalist capital returns to the mining industry, providing much-needed capital to the juni...
- Ben Pirie
NIM: Multi-Asset Explorer with Mill & Cash Flow
What you need to know: • Nicola holds two exploration assets with its flagship brownfield copper project showing early signs of a copper porphyry system. • The Company has two sources of revenue which minimizes dilution to shareholders – its Merritt Milling business (profit share agreements with its partners) and its Sand/Gravel Pit and Rock Quarry business. • NIM’s mill provides an expedited path to production for its assets. • We value the Company at $0.60/share, representing 97% upside. N...
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...
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