Nicola Mining Inc.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Company Description
- CEO
- Peter Edward Espig
- Full Time Employees
- 25
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 1030 West Georgia Street Vancouver BC Canada V6E 2Y3
- IPO Date
- Aug 7, 1987
- Website
- nicolamining.com
- Similar Companies
- Business
- Nicola Mining Inc. (TSX-V: NIM; OTCQB: HUSIF; FSE: HLIA) is a junior mining company focused on mineral exploration, custom milling operations, and aggregate production in British Columbia, Canada. Founded in 1980 and headquartered near Merritt, BC, at its Merritt Mill and tailings facility, the company owns and operates a 200 tpd permitted gold and silver toll mill capable of processing third-party high-grade ore; the New Craigmont Copper Project, a 10,800-hectare property in the Guichon Batholith hosting skarn and porphyry-style copper mineralization with over 18,000 meters drilled since 2015; the Treasure Mountain Silver Project, a 2,200-hectare polymetallic vein deposit including historical silver-lead-zinc production; the Dominion Gold project with a 75% economic interest and bulk sample approved for 2H 2025; and aggregate operations comprising a permitted gravel pit (100,000 tonnes/year), rock quarry (1,500 tonnes/day), and ready-mix concrete plant launched in Q2 2025 through partnerships with the Lower Nicola Indian Band. The company generates revenue from milling and profit-sharing agreements with partners like Blue Lagoon Resources, gold and silver concentrate sales via global trading contracts, and aggregate supply under high-volume contracts, serving mining firms and construction markets primarily in British Columbia while funding self-sustained exploration with minimal equity dilution. Recent developments include the December 2025 commencement of high-grade gold and silver millfeed receipts from Blue Lagoon under a long-term partnership backed by a $2.0 million non-dilutive line of credit; five-year mining lease extensions received in September 2025; 2025 preparation and planned 2026 drilling at Treasure Mountain; Dominion Creek bulk sample approval in March 2025; and ongoing advancement of the New Craigmont Project following 2024 drilling results confirming significant copper intercepts.
Company News
Nicola Mining Announces Extension of Agreement with Lower Nicola Site Services Ltd. and Completion of Drill Exploration for 2026 at Treasure Mountain
Nicola Mining Commences First-Ever Drill Program at Treasure Mountain's MB Zone and Reports Intense Mineralization
Nicola Mining Reopens Portals 1 and 2 at Treasure Mountain Silver Mine with Intention to Recommence Operations in 2027
Nicola Mining Receives Positive Silver and Gold Initial Assay Results from Red Eye Project
Nicola Mining Enters into Mining and Milling Profit Share Agreement with Red Eye Resources
Nicola Mining and Its Partner Ocean Partners Provide $10.0 Million in Financing to Blue Lagoon Resources Inc.
Nicola Mining Provides Update on Exploration Activities and Successfully Confirms New Poprphy Target at Its New Craigmont Copper Project
Nicola Mining to Commence Gold Production at Dominion Gold Project
Nicola Mining Commences Exploration Drilling at Its Flagship New Craigmont Copper Project
Nicola Mining Inc. Engages ICP Securities Inc. for Automated Market Making Services
Nicola Mining Engages Global One Media for Digital Investor Communications
Nicola Mining Announces NASDAQ Listing and Pricing of US$6.0 Million Offering
Nicola Mining Announces the Completion of the UBC Master's Thesis Concluding That Craigmont Is Part of a Porphyry-Linked Skarn System
Nicola Mining Provides Update on NASDAQ Listing
Nicola Mining Ramps Up Production of High Grade Gold and Silver Concentrate
THE Mining Investment Event Announces 2026 Issuers and Welcomes New and Returning Partners
Nicola Mining Provides an Update for Ongoing Exploration at Its Flagship New Craigmont Copper Project
Nicola Mining Selected for AME Roundup's Core Shack and Will Participate in the 2026 Vancouver Resource Investment Conference
Nicola Mining Upsizes Financing with Proceeds to Be Used to Expand Capacity of and Upgrade Its Milling Facility
Nicola Mining and Blue Lagoon Receive First Payment for Gold and Silver Under Long Term Partnership