Our Latest News Releases

Stay up to date with our latest projects and announcements.

Nicola Mining Announces Repayment Of Prepayment To Ocean Partners And Closing Of Flow Through Financing

TSX.V: NIMFSE: HLI VANCOUVER, BC, October 14, 2021 – Nicola Mining Inc. (TSX.V: NIM)(FSE: HLI), (the “Company” or “Nicola”) announces it has repaid in full the $250,000 Prepayment Facility (“Prepayment”) to Ocean Partners UK Limited[1] (“Ocean Partners”).  The Company had announced on April 30, 2021, that it entered into a purchase contract for gold and…

Nicola Mining Announces Flow-Through Share Private Placement

TSX.V: NIMFSE: HLI VANCOUVER, BC, October 11, 2021 – Nicola Mining Inc. (TSX.V: NIM) (FSE: HLI), (the “Company” or “Nicola”) is pleased to announce a non-brokered private placement consisting of 4,375,000 flow-through shares (“FT Shares”) at a price of $0.12 per FT Share for gross proceeds of $525,000 (the “Offering”). Each share of the Company…

Malcolm Swallow To Join Nicola Mining’s Board Of Directors

TSX.V: NIMFSE: HLI VANCOUVER, BC, October 5, 2021 – Nicola Mining Inc. (TSX.V: NIM) (FSE: HLI), (the “Company” or “Nicola”) is pleased to announce that Malcolm Swallow, a principal mining engineer, has joined the Company’s Board of Directors.  As a professional mining engineer Mr. Swallow has extensive experience in providing guidance to operating and developing…

Projects

New Craigmont Property

Nicola’s New Craigmont project is based on solid historical realities and exceptional exploration upside.

Nicola Mining New Craigmont Samples

Merrit Mill & Tailings Facility

The mill processed 5,700 tonnes of stock pile material received from Gavin Mines Inc. per a Milling and Profit Share Agreement during 2016.

Nicola Mining Merrit Tailings

Treasure Mountain Property

A 7,000 acre silver deposit consisting of 51 mineral tenures, comprising 21 legacy claims: 100 cell units, and five crown grants for a total of approximately 2,850 hectares.

Treasure Mountain

Sand and Gravel Property

The Merritt Mill Property is host to an active run gravel pit that has a tolling agreement in place for up to 60,000 tonnes per year with a local cement company.

Sand and Gravel aggregate operations

About our company

Nicola Mining Inc. (TSX-V.NIM) is a public resource mining company with a successful management team experienced in consolidating and unlocking asset value of its high-potential assets. The Company’s portfolio consists of high-potential assets.

New Craigmont Exploration Property – comprised of 20 contiguous mineral claims covering approximately 8,456.95 ha, and 10 contiguous mining leases covering approximately 347.35 ha in the prolific Guichon Batholith region. The claims are currently owned 100% by a wholly owned subsidiary of the Company.

Merritt Mill and Tailings Facility – approximate $23,400,000 mineral processing facility located on an $8,000,000 property, and a $1,800,000 fully lined tailings facility property located near Merritt BC.

Treasure Mountain Exploration Property – 100% owned high-grade silver/lead/zinc vein deposit, and the claim holdings consist of 51 mineral tenures comprising 21 legacy claims, 100 cell units and one Crown Grant for a total of approximately 2,850 hectares (7,000 acres).

Sand and Gravel Property – The Merritt Mill Property is host to an active run gravel pit that has a tolling agreement in place for up to 60,000 tonnes per year with a local cement company.

Nicola Mining is committed to responsible development

Responsible development means meeting the needs of the present without compromising the future. During 2018, the Company continued to expand its focus on minimizing dust from historic tailings that are located on site.

Our team

Peter Espig

President, CEO and Director

Mr. Espig assumed the role of President and CEO on November 7, 2013 and guided the Company through its restructuring, which included entering the company into CCAA and successfully exiting on November 21, 2014.
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Warwick Bay

CFO & Corporate Secretary

Mr. Bay has been a member of the Institute of Chartered Accountants of B.C. since 1979. Mr. Bay practiced for over 10 years with one of the big five public accounting firms and is specialized in the audit of mining companies.
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Sean P. Tombe (P.Geo., M.Sc.),

Economic Geologist & VP Exploration

Sean has over 10 years experience as a mining professional focused on mineral exploration in the North American Cordillera, predominantly in the Golden Triangle in Northwestern BC.

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Merritt Mill Site Visit
with Peter Espig,
CEO of Nicola Mining

“It is the only site in British Columbia permitted to accept gold and silver mill feed from throughout in the province.”

Published Jul 2, 2021