Nicola Mining Inc. - HUSID STOCK NEWS

Welcome to our dedicated page for Nicola Mining news (Ticker: HUSID), a resource for investors and traders seeking the latest updates and insights on Nicola Mining stock.

Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) is a junior mining company operating in Vancouver, British Columbia. The company boasts a 100% owned mill and tailings facility near Merritt, BC, and has signed agreements with high-grade gold projects. Nicola's mill is fully permitted to process both gold and silver mill feed through gravity and flotation processes. The company's flagship asset is the New Craigmont Project, a high-grade copper property covering 10,913 hectares and situated near Teck Resources Ltd.'s Highland Valley Copper mine, Canada's largest copper mine. Nicola also owns the Treasure Mountain Property, which consists of 51 mineral tenures and 21 legacy claims totaling approximately 2,850 hectares.

12/21/2023 09:00 AM

News

Nicola Mining 2023 Drilling Program at New Craigmont Copper Project Reveals Significant Porphyry-style Alterations

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Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF) announced the completion of its 2023 drilling exploration program at the New Craigmont Copper Project, revealing potential skarn and porphyry copper systems. The company plans to continue exploration in 2024, aiming to refine working hypotheses and integrate subsequent data.

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Nicola Provides Year in Review: 2023

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Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSID) experienced a positive financial transformation in 2023, with a significant increase in cash reserves and positive earnings. The company successfully repaid a Prepayment Facility to Ocean Partners UK Limited and strengthened its relationship with Ocean Partners by having the co-CEO join its board of directors. Nicola's operational activities, including milling, gravel and rock quarry, and reclamation soils, led to increased revenues and operational cash flow. The company also made significant progress in its Merritt Mill Site and New Craigmont Copper Property projects, achieving important milestones and attracting heightened interest in the Craigmont Project.

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Nicola Mining Inc. Provides Update on Letter of Intent with Nitettsu Mining

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Nicola Mining Inc. (NIM) announces the suspension of the definitive agreement process with Nittetsu Mining Co. Ltd. for the New Craigmont Copper Property. The two companies worked on mapping, evaluating drill core, and compiling data during a site visit. Over 90% of the Property is covered with overburden, limiting mineralization visibility. Despite this, two key zones of high interest have been identified for exploration in 2024. Nicola is also collaborating with the University of British Columbia for research on copper porphyry systems.

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FAQ

Where is Nicola Mining Inc. headquartered?

Nicola Mining Inc. is headquartered in Vancouver, British Columbia.

What are Nicola's core projects?

Nicola's core projects include the New Craigmont Project, a high-grade copper property, and the Treasure Mountain Property, with high-grade gold projects.