Nicola Mining Inc. , announces that it has repaid in full the US$750,000 Prepayment Facility to Ocean Partners UK Limited1 . 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 [...]
Nicola Mining Inc. 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 196 tonnes of gold and silver concentrate via a [...]
Nicola Mining Inc. is pleased to announce that it and Osisko Development Corp. have signed a Memorandum of Understanding 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 hopes [...]
Nicola Mining Inc. is pleased to announce that it has received a multi-year area-based exploration permit, Permit Number MX-4-697 , on November 3, 2022. The MYAB Permit allows Nicola to conduct extensive copper exploration on its wholly-owned New Craigmont Property , 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 [...]
Nicola Mining Inc. 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 , which is located in Central British Columbia. The Z-axis Tipper Electromagnetic survey has imaged the electrical conductivity signature of known mineral occurrences in the province of British Columbia. ZTEM has produced [...]
Nicola Mining Inc. , announces that it has completed a prepayment of 20% 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 [...]
Nicola Mining Inc. , is pleased to announce that it has entered into a funding agreement with the University of British Columbia's and UBC Mineral Deposit Research Unit 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. , is pleased to announce that it has recommenced operations at its gravel pit with its partner Lower Nicola Site Services Ltd. 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 Craigmont Mine Site, located approximately 14 kilometers from Merritt, British [...]
Nicola Mining Inc. , is pleased to announce that on March 29, 2022, it successfully received a Notice of Departure at the New Craigmont Project from the Ministry of Energy, Mines and Low Carbon Innovation . The NoD on the Company's M-68 Permit allows for the extraction of up to 3.0 million tonnes of inert available rock material that may be used for the infrastructure reconstruction efforts at a production rate of [...]
Nicola Mining Inc. . Dear Shareholders and Investors, Over the past year, Nicola Mining Inc. has released several news releases providing updates on the Company's New Craigmont copper project , Treasure Mountain silver project , and Dominion Gold project, as well as operations at its Merritt Mill gold and silver milling facility . While the diversity of news may cause confusion as to the Company's near, mid, and long term [...]
Nicola Mining Inc. , is pleased to announce that it has entered into a Rock and Gravel Extraction and Preferential Engagement Agreement with Lower Nicola Site Services Ltd. 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 [...]
Nicola Mining Inc. , is pleased to announce that it has completed a second shipment of 196 tonnes of gold and silver concentrate to Ocean Partners UK Limited1 . The tonnage is the single largest shipment of concentrate shipped to port, to date. The material shipped contained an approximate 92 grams gold / tonne and 562 grams silver per tonne. As announced in the December 22, 2021, its Mill Site, which is located between [...]
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