Nicola Mining Inc.

Nicola Mining Inc. is pleased to announce that, further to its News Release of December 19, 2018, that it has closed its flow-through private placement financing. The Company announced that it had increased the number of units from 6,000,000 units of the Company at $0.125 per Unit for gross proceeds of up to $750,000 to 10,040,000 Units for gross proceeds of $1,255,000 . Each Unit consists of one common share of the [...]

Nicola Mining Inc. , is pleased to announce positive field reconnaissance and grab sampling results along with the completion and interpretation of an induced polarization survey . The IP Survey and Sampling Program are part of the Company's 2018 Exploration Program at its wholly-owned New Craigmont project, as explained in its May 1, 2018 news release. The permitted mine project is located on the historic Craigmont [...]

Nicola Mining Inc. is pleased to announce a non-brokered private placement consisting of the issuance of up to 6,000,000 units at a price of $0.125 per Unit for gross proceeds of up to $750,000 . Insiders may participate in the Offering. Each Unit will consist of one common share of the Company issued on a "flow-through" basis pursuant to the Income Tax Act and one-half of one common share purchase warrant , with each [...]

Nicola Mining Inc. is pleased to announce that it has repaid its entire senior secured debt obligation and interest to Waterton Global Value, LP . The Company paid Waterton $663,062 in principal and interest on the senior secured debt obligation, which was the final payment obligation to Waterton. Waterton has also liquidated its equity position in Nicola. On November 24, 2014, the Company announced that it had completed [...]

Nicola Mining Inc. is pleased to announce a non-brokered private placement consisting of the issuance of up to 9,000,000 units at a price of $0.10 per Unit for gross proceeds of up to $900,000 . Insiders are participating in the Offering. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant , with each Warrant entitling the holder to purchase one Share at a price of [...]

Nicola Mining Inc. today announces that it intends to pay all of the interest owing on the secured convertible debentures issued on November 21, 2014 by the issuance of common shares of the Company. The Debentures mature on November 21, 2019 and bear interest at a rate of 10% per annum, which Interest is payable under the terms of the Debentures annually as to 50% in cash and 50% by the issuance of Shares at a price per [...]

Nicola Mining Inc. , is pleased to announce that it has commenced an extensive Reverse Circulation drilling program on the historic Craigmont Copper Mine waste piles and the 3060 Ore Portal. The approximate 80-90 million tonnes of Waste Piles and 3060 Portal surround the historic Craigmont pit, which is located 3km southeast of Merritt, BC. The Waste Piles are part of the Company’s wholly-owned New Craigmont Project. In [...]

Nicola Mining Inc. is pleased to announce that it is preparing to recommence milling operations under its long-term Mining and Milling Profit Share Agreement with Gavin Mines Inc. . The Company had hoped to recommence operations in August but there were delays with mine production. Pursuant to the LT Agreement Gavin Mines plans to ship up to 40,000 tonnes of mill feed per year to the Company's 200 tonne per day mill [...]

Nicola Mining Inc. , is pleased to announce and confirm the presence of a previously unexplored mineralized zone north of the historic Craigmont open pit. The near-surface zone is located within the boundaries of Nicola's active Mine Permit M-68. Nicola targeted the area after historic data and recent mapping from the Company's 2017 and 2018 Exploration Programs revealed the potential of mineralization north of the pit [...]

Nicola Mining Inc. is pleased to announce results on its 20-hole Phase 1 Reverse Circulation drill program completed between May 23 to June 8, 2018, at its wholly-owned New Craigmont Project, located near Merritt, British Columbia. The Phase 1 RC Program provides a simple overview of copper grade and sectional volume of the approximate 80-90 million-tonne historical wastepile surrounding the Craigmont Mine pit, as well as [...]