Our Latest News Releases

Stay up to date with our latest projects and announcements.

Nicola Mining Inc. And Osisko Development Corp Sign Memorandum Of Understanding

TSX.V: NIM FSE: HLIOTCBB: HUSIF VANCOUVER, BC, December 2, 2022 – Nicola Mining Inc. (TSX.V: NIM)(FSE: HLI), (the “Company” or “Nicola”) is pleased to announce that it and Osisko Development Corp (NYSE: ODV, TSX: ODV) (“Osisko”) have signed a Memorandum of Understanding (“MOU”) for the processing of gold mill feed currently stock piled at Osisko’s site,…

Nicola Mining Provides Exploration Update Including Results From Recently Completed Ztem Survey

TSX.V: NIM FSE: HLIOTCBB: HUSIF VANCOUVER, BC, September 13, 2022– Nicola Mining Inc. (the “Company” or “Nicola Mining”) is pleased to announce the completion of a district-wide airborne geophysical survey and related inversion modeling results carried out across its wholly owned New Craigmont Property (the “Property”), which is located in Central British Columbia. The Z-axis Tipper…

Nicola Mining Completes Partial Prepayment Of Outstanding Debenture And Encouraging Initial Ztem Results

TSX.V: NIM FSE: HLIOTCBB: HUSIF VANCOUVER, BC, July 12, 2022 – Nicola Mining Inc. (TSX.V: NIM)(FSE: HLI), (the “Company” or “Nicola”) announces that it has completed a prepayment of 20% (the “Prepayment”) of the outstanding principal, as well as interest, of the debenture due November 21, 2022. The Company prepaid $1,329,176 of the principal and $81,936…

CEO Interview

Peter Espig Explains Their B.C. Mining Assets Along With Multi-Stream Revenue Plan

Published Sep 1, 2022

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.
read more

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.
read more