Nicola Mining Receives Final Permit for High Grade Dominion Creek Mineral Project and Closes Non-Brokered Private Placement
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 (TSXV: NIM) (OTCQB: HUSIF) ha ottenuto il Permesso Finale per il suo progetto minerario ad alta legge di Dominion Creek, che consente l'estrazione di un campione bulk di minerale d'oro e argento di 10.000 tonnellate. Il permesso, valido fino al 27 febbraio 2030, copre il progetto situato a 43 chilometri a nord-est di Wells e 110 chilometri a est-sud-est di Prince George.
L'azienda possiede un interesse economico del 75% nel progetto e prevede di iniziare l'estrazione del minerale a luglio 2025. Inoltre, è stato rilasciato un Permesso di Uso Gratuito per l'aggiornamento della strada di trasporto per il minerale.
Parallelamente, Nicola ha completato un collocamento privato non intermediato, raccogliendo $1.130.907,40 attraverso l'emissione di 4.038.955 unità a $0,28 per unità. Dopo aver pagato $63.827,36 come commissioni per il broker, i proventi netti ammontano a $1.067.080,00. L'azienda ha deciso di un importo di finanziamento minore a causa della sua attuale posizione di liquidità.
Nicola Mining (TSXV: NIM) (OTCQB: HUSIF) ha asegurado el Permiso Final para su proyecto mineral de alta ley Dominion Creek, lo que permite la extracción de una muestra a granel de mineral de oro y plata de 10,000 toneladas. El permiso, válido hasta el 27 de febrero de 2030, cubre el proyecto ubicado a 43 kilómetros al noreste de Wells y 110 kilómetros al este-sureste de Prince George.
La empresa posee un interés económico del 75% en el proyecto y planea comenzar la extracción de mineral en julio de 2025. Además, se emitió un Permiso de Uso Gratuito para mejorar la carretera de transporte de mineral.
Paralelamente, Nicola ha completado una colocación privada no intermediada, recaudando $1,130,907.40 a través de la emisión de 4,038,955 unidades a $0.28 por unidad. Después de pagar $63,827.36 en comisiones de intermediación, los ingresos netos ascienden a $1,067,080.00. La empresa decidió un monto de financiamiento más pequeño debido a su posición de efectivo actual.
니콜라 마이닝 (TSXV: NIM) (OTCQB: HUSIF)은 고품질 도미니언 크릭 광물 프로젝트에 대한 최종 허가를 확보하여 10,000톤의 금과 은 광석 대량 샘플 추출을 허용했습니다. 이 허가는 2030년 2월 27일까지 유효하며, 웰스에서 북동쪽으로 43킬로미터, 프린스 조지에서 동남쪽으로 110킬로미터 떨어진 곳에 위치한 프로젝트를 포함합니다.
회사는 이 프로젝트에 대해 75%의 경제적 지분을 보유하고 있으며, 2025년 7월에 광석 추출을 시작할 계획입니다. 또한, 광석 운송을 위한 도로 개선을 위한 무료 사용 허가가 발급되었습니다.
병행하여, 니콜라는 중개인 없는 사모 배치를 완료하여 $1,130,907.40를 조달하였으며, 4,038,955개의 유닛을 단위당 $0.28에 발행했습니다. 중개 수수료로 $63,827.36를 지불한 후, 순수익은 $1,067,080.00에 달합니다. 회사는 현재 현금 상황으로 인해 더 작은 자금 조달 금액을 결정했습니다.
Nicola Mining (TSXV: NIM) (OTCQB: HUSIF) a obtenu le Permis Final pour son projet minier à haute teneur de Dominion Creek, permettant l'extraction d'un échantillon en vrac de 10 000 tonnes de minerai d'or et d'argent. Le permis, valable jusqu'au 27 février 2030, couvre le projet situé à 43 kilomètres au nord-est de Wells et à 110 kilomètres à l'est-sud-est de Prince George.
L'entreprise détient un intérêt économique de 75 % dans le projet et prévoit de commencer l'extraction du minerai en juillet 2025. De plus, un Permis d'Utilisation Gratuite a été délivré pour l'amélioration de la route de transport du minerai.
Parallèlement, Nicola a complété un placement privé non intermédiaire, levant $1 130 907,40 grâce à l'émission de 4 038 955 unités à 0,28 $ par unité. Après avoir payé 63 827,36 $ en frais de courtage, les produits nets s'élèvent à 1 067 080,00 $. L'entreprise a décidé d'un montant de financement plus petit en raison de sa position de liquidité actuelle.
Nicola Mining (TSXV: NIM) (OTCQB: HUSIF) hat die endgültige Genehmigung für sein hochgradiges Dominion Creek Mineralprojekt erhalten, die die Entnahme einer Bulkprobe von 10.000 Tonnen Gold- und Silbererzen ermöglicht. Die Genehmigung, die bis zum 27. Februar 2030 gültig ist, umfasst das Projekt, das 43 Kilometer nordöstlich von Wells und 110 Kilometer östlich-südöstlich von Prince George liegt.
Das Unternehmen besitzt ein wirtschaftliches Interesse von 75 % an dem Projekt und plant, im Juli 2025 mit der Erzförderung zu beginnen. Darüber hinaus wurde eine kostenlose Nutzungsgenehmigung für die Verbesserung der Transportstraße für die Erzbeförderung erteilt.
Parallel dazu hat Nicola eine nicht vermittelte Privatplatzierung abgeschlossen und $1.130.907,40 durch die Ausgabe von 4.038.955 Einheiten zu je $0,28 pro Einheit gesammelt. Nach Zahlung von $63.827,36 an Vermittlungsgebühren beläuft sich der Nettobetrag auf $1.067.080,00. Das Unternehmen entschied sich aufgrund seiner aktuellen Liquiditätslage für einen kleineren Finanzierungsbetrag.
- Secured Final Permit for 10,000-tonne bulk sample extraction
- Successfully raised over $1.1M through private placement
- 75% economic interest in high-grade gold and silver project
- Clear timeline for project execution starting July 2025
- Permit valid for extended period until 2030
- Reduced private placement size from planned $2M to $1.1M
- Additional shareholder dilution from new unit issuance
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2025) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF), (the "Company" or "Nicola") is pleased to announce that it has received the Final Permit ("Final Permit1") to complete a bulk sample2 at its Dominion Creek Mineral Project ("Dominion"), a high grade gold and silver project, of which Nicola owns a
The Notice of Work for the Dominion Mineral project was initially filed with the Chief Permitting Officer on Aug 29, 2018 and last updated on Feb 27, 2025. The Final Permit allows Nicola and its partner, High Range Exploration Ltd., to complete a bulk sample prior to Feb 27, 2030, after which only reclamation activities can occur. In addition to the Final Pemit, a Free Use Permit (MX-100000488) was issued to upgrade / complete a short haul road for ore transportation.
The Company announced on March 6, 2025 that it has been issued a draft permit by the British Columbia Ministry of Mining and Critical Minerals to extract 10,000 tonnes of gold and silver ore at Dominion, which is located 43 kilometers northeast of the Town of Wells and approximately 110 kilometers east-southeast of Prince George.
The two parties are currently in the process of finalizing plans to mobilize and commence ore extraction, which is anticipated to commence in July 2025.
The Company is also pleased to announce that it has closed a non-brokered private placement which was announced on February 25, 2025. The news release announced a non-brokered private placement consisting of up to 7,142,857 units (each, a "Unit") at a price of
The Company issued 4,038,955 Units for aggregate gross proceeds of
All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after closing of the Offering.
None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Qualified Person
William Whitty, P. Geo., VP of Exploration for the Company, is the Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects has reviewed and approved the technical disclosure contained in this news release.
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange that maintains a
The Company owns
On behalf of the Board of Directors
"Peter Espig"
Peter Espig
CEO & Director
For additional information
Contact: Peter Espig
Phone: (778) 385-1213
Email: info@nicolamining.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
_________________________
1 Permit Number: MX-100000488 and Mine Number: 1101145
2 Bulk Sample: An exploration and development activity conducted on a mineral claim to investigate the metallurgical properties of an ore body, to test extractive milling methods, mill equipment, and potential markets.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244396
FAQ
When will Nicola Mining (HUSIF) begin bulk sample extraction at Dominion Creek?
How many tonnes of ore is HUSIF permitted to extract at Dominion Creek?
What is Nicola Mining's ownership stake in the Dominion Creek project?
How much did HUSIF raise in its recent private placement?
When does HUSIF's Dominion Creek bulk sample permit expire?
