Welcome to our dedicated page for Nicola Mining news (Ticker: HUSIF), a resource for investors and traders seeking the latest updates and insights on Nicola Mining stock.
Overview of Nicola Mining Inc.
Nicola Mining Inc. is a junior mining company that operates with a vertically integrated business model, merging advanced mining exploration with state-of-the-art milling and processing capabilities. Listed on both the TSX Venture Exchange and featured on the Frankfurt and OTCQB platforms, the company is strategically positioned in British Columbia near Merritt. Its flagship assets include the 100% owned Merritt Mill and tailings facility, the high-grade New Craigmont Copper Project, and the extensive Treasure Mountain Property. Nicola Mining consistently leverages a mix of mining, milling agreements, and profit share arrangements to support its operational and exploration activities in the mining sector.
Core Operations and Business Model
Nicola Mining has developed a comprehensive operational structure that encompasses several key business areas:
- Milling and Processing: Operating a fully permitted mill near Merritt, Nicola Mining processes both gold and silver mill feeds through gravity and flotation methods. The facility is built on free-hold industrial-zoned land, ensuring full control over its processing capabilities.
- Exploration and Drilling Programs: The company conducts extensive exploration, including diamond drilling programs and geophysical surveys, to identify and delineate mineralized zones. The New Craigmont Copper Project, situated adjacent to Canada’s largest copper mine, exemplifies its focus on discovering and redefining mineral resources.
- Vertical Integration: Nicola Mining’s strategy integrates extraction, processing, and milling. Recent initiatives, such as the construction of a cement plant in collaboration with local partners and operating a rock quarry, underline the company’s commitment to adding value across the supply chain.
- Profit Share and Strategic Agreements: By forging partnerships with companies like Talisker Resources and LNSS, and via mining profit share agreements with high-grade gold projects, Nicola Mining diversifies its revenue streams and leverages collaborative expertise within the industry.
Asset Portfolio
At the heart of Nicola Mining’s operations lies a robust asset portfolio that underpins its long-term strategy:
- Merritt Mill: A versatile facility that processes both gold and silver ore, backed by recent technological and process upgrades to optimize recovery including automated processes and enhanced gravity separation systems.
- New Craigmont Copper Project: Spanning over 10,000 hectares in a geologically significant region, this asset is notable for its historic high-grade copper mineralization and potential for further discovery using modern drilling and geophysical methods.
- Treasure Mountain Property: Covering an extensive area with numerous mineral claims and a mining lease, this asset has historical significance and is poised for revitalization through planned exploration and permitting efforts.
Exploration and Development Initiatives
The company commits considerable resources to exploration with focused drilling programs and geophysical surveys. Its 2024 series of drilling programs at New Craigmont, including tests in the West Craigmont-WP, MARB-CAS, and Embayment Zones, have been instrumental in refining the geological model. Additionally, ongoing initiatives at the Dominion Creek Project reflect Nicola Mining's proactive approach to exploring gold and silver opportunities in a highly regulated and technical environment.
Strategic Partnerships and Community Engagement
Nicola Mining’s collaboration with partners such as Lower Nicola Site Services Ltd and Talisker Resources underscores its strategy to integrate local expertise and community engagement into its operations. By supporting local infrastructure projects and working closely with First Nations groups, the company not only drives operational synergies but also reinforces its commitment to community benefits. This relationship is further supported by carefully structured agreements that govern the extraction of rock and milling of high-grade ores.
Operational Excellence and Regulatory Compliance
With a focus on rigorous quality assurance and control, Nicola Mining adheres to internationally recognized standards such as NI 43-101 for its exploration-related disclosures. The company’s emphasis on methodical sample processing, documented drilling data and compliance with environmental and mining safety regulations ensures transparency and trust throughout its operations. Its fully permitted mill and strategically secured mine permits provide a strong foundation for operational integrity.
Market Position and Industry Significance
Within the competitive landscape of junior mining companies, Nicola Mining distinguishes itself by maintaining a full spectrum of operations—from exploration and resource extraction to processing and product commercialization. Its commitment to operating a fully integrated facility in British Columbia, combined with strategic asset holdings such as the New Craigmont Copper Project, establishes Nicola Mining as a credible and resourceful market participant. The company’s operational synergy and emphasis on technological process enhancements serve as a compelling study in the evolution of junior mining enterprises in today’s dynamic market environment.
Conclusion
In summary, Nicola Mining Inc. presents a well-structured and diversified approach to mining operations. By combining state-of-the-art milling technology, an expansive asset portfolio, and proactive exploration initiatives, the company provides a robust model of operational excellence. Its strategic partnerships and commitment to high standards further bolster its reputation as a knowledgeable and methodical player in the mining industry, making its comprehensive operating model a key reference point for understanding integrated mining ventures.
The detailed approach and shared expertise within the industry indicate that Nicola Mining is not merely involved in the extraction and processing of precious minerals but also plays a significant role in local economic development and infrastructure support. This holistic view, built upon years of proven operational history, positions the company as a cornerstone for investors and industry analysts seeking a clear understanding of mining operations in the region.
Nicola Mining (TSXV: NIM) (OTCQB: HUSIF) has secured the Final Permit for its high-grade Dominion Creek Mineral Project, allowing for a 10,000-tonne gold and silver ore bulk sample extraction. The permit, valid until February 27, 2030, covers the project located 43 kilometers northeast of Wells and 110 kilometers east-southeast of Prince George.
The company owns a 75% economic interest in the project and plans to commence ore extraction in July 2025. Additionally, a Free Use Permit was issued for upgrading the haul road for ore transportation.
In parallel, Nicola has completed a non-brokered private placement, raising $1,130,907.40 through the issuance of 4,038,955 units at $0.28 per unit. After paying $63,827.36 in finder's fees, the net proceeds amount to $1,067,080.00. The company decided on a smaller financing amount due to its current cash position.
Nicola Mining (OTCQB: HUSIF) has received a draft bulk sample permit for the Dominion Creek Mineral Project, allowing extraction of 10,000 tonnes of gold and silver ore. The project, located 43km northeast of Wells and 110km east-southeast of Prince George, is 75% owned by Nicola.
Recent sampling results showed impressive grades from the Number 16 Vein, with a 9.7 kg sample yielding 62.1 g/t Au, 320 g/t Ag, 23.4% Pb, and 12.4% Zn. A separate 26.4 kg historical sample from 1989-1992 returned 58.7 g/t Au, 130 g/t Ag, 7.7% Pb, 4.2% Zn.
The company has already paid the required reclamation deposit and plans to begin ore extraction in July 2025. The extracted ore will be processed at Nicola's wholly owned mill facility.
Nicola Mining (HUSIF) has completed its 2024 Drilling Exploration Program at the New Craigmont Copper Project, totaling 4,874m across 14 holes. The program revealed significant copper findings in the previously unexplored MARB/CAS Zones, with notable intercepts including:
- 52.90m of 1.03% copper in the Embayment Zone (including 13m of 3.46% Cu)
- 75.0m of 0.36% copper in hole NC-24-001
- 40.5m of 0.10% copper in near-surface mineralization
The drilling program confirmed near-surface chalcopyrite mineralization and the presence of faults and dykes within Guichon host rock, suggesting Craigmont mineralization is part of a larger copper system. The company plans follow-up drilling in 2025 to target deeper mineralization beneath the MARB outcrop and explore the WP showing, which features significant malachite and chalcopyrite mineralization.
Nicola Mining Inc. (HUSIF) has released its 2024 Year in Review, highlighting key achievements and 2025 outlook. The company prepaid $1.17M in debentures, leaving a $4.13M balance. Major developments include:
- Completion of a 3D IP survey at New Craigmont Copper Project
- Execution of milling agreement with Talisker Resources
- Construction of a cement plant with secured 2025 contracts
- Extensive drilling program with 14 holes totaling 4,878 metres
- Ten-year mining lease extension for Treasure Mountain through April 2032
The company's 2025 priorities focus on copper exploration at New Craigmont, expanding gold and silver production through mill upgrades, and developing the Treasure Mountain project following its permit extension.
Nicola Mining (TSXV: NIM) has completed its 2024 drilling exploration program at the New Craigmont Copper Project, totaling 4,872m across 14 holes. The program covered three phases: the West Craigmont-WP target (~1,829.70m), the unexplored MARB-CAS Zones, and a step-out towards the Embayment Zone.
The company has made a $137,700 deposit for a Notice of Work and Reclamation Program at the Dominion Creek Gold/Silver Project, where it owns a 75% economic interest and plans a bulk sample in 2025.
Additionally, Nicola has completed a flow-through private placement offering, selling 1,641,790 shares at $0.335 per share for gross proceeds of $550,000. The proceeds will be used to follow up on the 2024 Program.
Nicola Mining has shipped approximately 55 dry tonnes (64 wet tonnes) of concentrate produced jointly with Talisker Resources, containing an estimated grade of 97.75 grams gold per tonne. The concentrate grades have improved during the milling process due to enhanced gold capture through gravity and tabling processes. The processing occurs at Nicola's Merritt Mill, a $30.0 million facility that is uniquely positioned as the only facility in British Columbia permitted to accept third-party gold and silver mill feed province-wide. The Company has secured an offtake agreement with Ocean Partners UK for concentrate sales. Additionally, Nicola is currently conducting drilling operations at the Embayment Zone, following drilling at West Craigmont-WP and MARB-CAS targets.
Nicola Mining Inc. (TSXV: NIM) (OTCQB: HUSIF) provides updates on its operations and exploration activities:
1. Merritt Mill: Producing gold concentrate from Talisker Resources' mill feed, with initial sale expected in September. It's the only facility in BC permitted to accept third-party gold and silver mill feed province-wide.
2. New Craigmont Copper Project: 2024 exploration program underway with 1,500m of 5,000m planned drilling completed. Initial results show encouraging alteration and mineralization, aligning with expectations for a porphyry system's periphery.
3. Treasure Mountain Mine: Received a important 10-year mining lease extension until April 26, 2032. The mine has a history of silver, lead, and zinc production, with potential for reopening.
CEO Peter Espig expressed excitement about current operations and ongoing exploration, highlighting the synergy between Merritt Mill and Treasure Mountain.
Nicola Mining Inc. (TSXV: NIM) (OTCQB: HUSIF) has begun processing gold mill feed from Talisker Resources at its Merritt Mill, the only facility in British Columbia permitted to accept third-party gold and silver mill feed province-wide. The company has completed mill upgrades, including a water recirculation system and process automation, enhancing efficiency and safety.
Nicola has also started its 2024 diamond drilling program, targeting copper porphyry and skarn mineralization at the WP Zone. To boost investor awareness, the company has engaged Red Cloud Financial Services for media and marketing services. CEO Peter Espig noted a significant increase in operational activities and interest in milling agreements, indicating heightened mining activity in the province.
Nicola Mining has completed a 3D induced polarization (IP) survey at its New Craigmont Copper Project near Merritt, BC. The survey, conducted by Dias Geophysical, covered approximately 6.5 square kilometers and focused on the MARB-CAS and West Craigmont Zones. Key findings include significant resistivity and chargeability anomalies that indicate potential copper-rich areas. Based on these results, Nicola has commenced its 2024 diamond drilling program, targeting 5,000 meters of core drilling. Initial drilling will focus on the West Craigmont Zone, with possible expansion to the MARB/CAS areas later in the summer.
Nicola Mining and High Range Exploration have initiated work at the Dominion Creek Gold/Silver Project. Nicola Mining has provided $50,000 in funding to High Range Exploration for road construction, which will support bulk sample exploration after a permit is obtained. Nicola holds a 75% economic interest in Dominion. High Range received support from First Nations and submitted a revised 10,000-tonne bulk sample application to the Ministry of Energy, Mines and Low Carbon Innovation. Past sampling at Dominion revealed high-grade gold and silver results but progress was delayed due to COVID-19 and permit adjustments. Work began in early June 2024.
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