Nicola Mining Announces Debt Settlement

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. , November 14, 2017 – Nicola Mining Inc. (the “Company”) today announces that it intends to pay all of the interest owing on the secured convertible debentures (the “Debentures”) issued on November 21, 2014 by the issuance of common shares (each, a “Share”) of the Company. The Debentures mature on November 21, 2017 and bear interest (“Interest”) at a rate of 10% per annum, which Interest is payable annually as to 50% in cash and 50% by the issuance of Shares at a price per Share equal to the Market Price (as defined in the Policies of the TSX Venture Exchange (the “Exchange”)) on the anniversary of the date of issuance of the Debentures, being November 21, 2017. The Exchange has conditionally approved an amendment to the conversion price of the Debentures from $0.275 to $0.22 and the amendment to the maturity date of the Debenture from November 21, 2017 to November 21, 2019. The Company intends on paying all of the Interest in Shares and in order to incentivize the holders of the Debentures to agree to take such Shares in lieu of the cash payment originally contemplated in the Debentures, it has agreed to settle that outstanding interest payment obligation by the issuance of Shares as if the rate of interest was 12% for the third year of the term of the Debentures. Accordingly, the Company intends to issue 4,941,799 Shares at a price of $0.17 per Share in settlement of Interest owing of $840,10.84 (the “Debt Settlement”). Insiders of the Company will be issued an aggregate of 4,450,589 Shares pursuant...

Nicola Mining Announces New Craigmont Follow-Up Induced Polarization Survey Results

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. November 10, 2017 – Nicola Mining Inc. (the “Company” or “Nicola”) is pleased to announce results on an additional Induced Polarization Geophysical Survey (“IP Survey”) that focused on the Embayment, Titan Queen, and Promontory Hill Zones, which are located on the Company’s wholly-owned New Craigmont Property. Three North-South IP Survey lines were completed, two of which focused on the Company’s Titan Queen and Embayment targets and a third aimed at providing further clarity on the Promontory Hill. The Company had previously announced positive IP Survey results in its July 24, 2017 news release and felt the area warranted additional work prior to drilling. Two of the lines targeted potential mineralization immediately south of the historic Craigmont underground mining operations, including a western line over a large previously unmined area, while the third line provided additional insight into the Embayment Zone, which the Company is currently drill testing. All three North-South IP Survey lines indicate continuation of the historic high-grade Craigmont ore body. The mineralization seems to, not only encompass Embayment Zone mineralization, but also appears to lead to a new anomalous zone that is now referred to as Embayment South. On Oct. 16, 2017 the Company engaged Scott Geophysics to conduct an additional IP Survey over the New Craigmont Property for the following: To evaluate the Titan Queen and Embayment target(s); To provide clarity on the Promontory Hill anomaly; and, To understand if IP Survey could detect mineralized anomalies through the Kingsvale Conglomerate cover, which is approximately 150.0m thick. The ability to detect mineralized anomalies through the Kingsvale via IP Survey is a...

Nicola Mining Inc. Enters Into Gold Profit Share Agreement With Ama Gold Exploration Ltd.

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. November 8, 2017 – Nicola Mining Inc. (the “Company” or “Nicola”) is pleased to announce that it has entered into a Mining and Milling Profit Share Agreement (the “AMA Agreement”) with AMA Gold Exploration (“AMA” or the “Miner”). AMA recently received its bulk sample permit allowing it to extract an initial 10,000 tonnes from the Dancer 3 Mineral Claim Tenure, located in the Sechelt Peninsula, Vancouver Mining Division Region.  Nicola is the only mill site in British Columbia in which the entire facility and tailings area is owned freehold and is the only mill permitted to accept gold and silver mill feed from throughout British Columbia. Under the AMA Agreement, the Miner plans to ship mill feed containing a minimum grade of 12.44 (0.4 oz.) grams per tonne gold. The 2011 BC Geological Survey Assessment Report 32343, written by David St. C. Dunn, P.Geo., highlights that the property has paved access and hole DDH-JR-9 intersected 2.74 metres assaying 28.02 g/t gold and 19.4 g/t silver at 8.2 metres down hole.   The Miner plans to focus on easily reachable material located near surface and has been working on the property for years. Under the AMA Agreement, the Miner will control revenues for the sale of gold and silver concentrate and reimburse cost associated with production. Operating profit will be equally distributed between Nicola and AMA. Nicola has recently completed approximately $1.0 MM in upgrades to the mill to enhance production, which is expected to commence in Spring of 2018.   On April 6, 2016, the Company announced that it had entered into a Long-Term Milling...

Nicola Mining Announces Proposed Amendments To Secured Convertible Debentures

TSX.V: NIM NEWS RELEASE This amended news release has been prepared and is being issued to replace, in its entirety, a new release issued by Nicola Mining Inc. on August 29, 2017 to disclose revised terms of the amendments to secured convertible debentures. VANCOUVER, B.C. October 23, 2017 – Nicola Mining Inc. (the “Company” or “Nicola”) announces that it intends to amend (the “Amendment”) the secured convertible debentures (each, a “Debenture”) in the aggregate principal amount of $7,000,882 issued to certain subscribers as previously announced in its News Releases of November 24, 2014, August 25, 2014 and August 8, 2014. In connection with the issuance of the Debentures, the Company also issued 7,000,882 non-transferable common share purchase warrants (each, a “Warrant”), with each Warrant exercisable into one common share of the Company (each, a “Share”) at an exercise price of $0.375 until November 21, 2015 and at $0.50 per Share until November 21, 2018. The Debentures mature on November 21, 2017 (the “Maturity Date”) and bear interest (the “Interest”) at a rate of 10% per annum, which Interest is payable as to 50% in cash and 50% by the issuance of Shares at a price per Share equal to the market price of the at the time of issuance. The Debentures are also convertible into Shares a conversion price (the “Conversion Price”) of $0.275 per Share at any time, and from time to time, until the Maturity Date. The following amendments will be made to the Debentures: the Conversion Price of the Debentures be reduced from $0.275 per Share to $0.22 per Share; the Maturity Date will be extended from...

Nicola Mining Announces Results Of Reverse Circulation Drilling On 3060-Craigmont Portal Wastepiles

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. September 26, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce the results of a Reverse Circulation drill program (“RC Program”). The program was designed to evaluate the copper grade and volume of historical material excavated from underground workings of the Craigmont Mine, located near Merritt, British Columbia. The material is located adjacent to the 3060-Portal (figure 1). Results of the RC Program confirm significant copper mineralization in the material sampled by drilling. A RC drill rig operated by Boart Longyear Ltd. was mobilized to site on July 24 and drilling continued until August 1, 2017. The program was temporarily suspended due to poor air quality resulting from forest fire smoke, which affected the BC Interior this year. The material tested accounted for approximately 65% of the area occupied by the excavated material. Assay results from the drill program are summarized in Table 1. Highlights of the results are: An average grade of 2391 ppm Cu (0.24% Cu) for the first 9 metres of the 29 drill holes. An average grade of 10,322 ppm Cu (1.03% Cu) in Hole P-34 and an average grade of 8632 ppm Cu (0.86% Cu) in Hole P-72. Table 1. Composite of RC Drill Hole Results Hole From To Length Cu_ppm Cu_%   Hole From To length Cu_ppm Cu_% P-22 3 8 5 2713.2 0.271 P-25 1 4 3 1830.0 0.183 P-17 4 8 4 2279.5 0.228 P-25 and 6 9 3 3306.7 0.331 P-24 6 9 3 2003.3 0.200 P-27 0 7 7 3625.7 0.363 P-26 0 7 7 2275.7 0.228 P-31 0 6 6...

Nicola Mining Inc. Enters Into Thirty-Year Ash Disposal Contract

TSX.V: NIM NEWS RELEASE VANCOUVER, B.C. September 18, 2017 – Nicola Mining Inc. (the “Company”) is pleased to announce that it has entered into thirty-year ash management contract (the “Agreement”) with Merritt Operations Services Limited Partnership (“MOSLP”). MOSLP is a partnership backed by a global leader in optimized resource management, focused on supplying the Thompson Nicola Region clean electrical power by operating a sustainable 40-megawatt, biomass-fired power plant energy power plant, located in the city of Merritt, British Columbia.   Nicola Mining Inc. is a junior mining focused on exploration of its wholly-owned New Craigmont copper project and operating its Merritt Mill, which is capable of processing both gold and silver mill feed.   The Company also prides itself on being an environmental conscious miner that values shareholder value, as well as the environment. Under the 30 year Agreement the Company will accept up to 7500 dry tons of ash generated from burning renewable wood, which includes scrap wood from regional lumber mills, for a fee that includes price escalation clauses. The Company will also receive an additional fee for any additional tonnage. The Company plans to place the ash, which will be blended with sand and plant seeds, onto the sandy tailings area to allow growth of vegetation native to the region. The seeding and irrigation from onsite ground wells is expected to facilitate plant growth and mitigate dust. Peter Espig, Chief Executive Officer of the Company, commented, “We are very excited to enter into an agreement with MOSLP, a partnership involving a global leader in renewable energy solutions. We are also excited to enter into a long-term contract that...