Our Latest News Releases

Stay up to date with our latest projects and announcements.

Nicola Mining Announces Closing Of Second And Final Tranche Of Convertible Debenture Offering

TSX.V: NIM NEWS RELEASE VANCOUVER, BC, January 9, 2019 – Nicola Mining Inc. (the “Company”) is pleased to announce that, further to its News Releases of November 13, 2019 and November 21, 2019, it has completed a second and final tranche of its non-brokered private placement (the “Offering”) pursuant to which it issued an aggregate of…

Nicola Mining Closes Flow-Through Financing

TSX.V: NIM NEWS RELEASE VANCOUVER, BC, December 19, 2019 – Nicola Mining Inc. (the “Company”) is pleased to announce that, further to its News Release of December 13, 2019, that it has closed its flow-through private placement financing (the “Offering”) pursuant to which it sold an aggregate of 3,520,000 common shares (each, a “Share”), at…

Nicola Mining Provides Clarity On Tomra Testing In Which The Company Was Able To Upgrade Copper Material Up To Ten-Fold With High Recovery

TSX.V: NIM NEWS RELEASE VANCOUVER, BC, November 29, 2019 – Nicola Mining Inc. (the “Company”), at the request of IIROC the Company wishes to clarify certain disclosure in its news release titled “Nicola Mining Announces up to Ten-Fold Copper Upgrading and Solid Copper Recovery from Its Ore Sorting Testing“ dated November 27, 2019.  Specifically, the…

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 was appointed interim CEO on July 7, 2013 and full time President and CEO on November 7, 2013 during CCAA proceedings culminating in the restructuring of the Company 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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Dr. Jacob Longridge

Senior Exploration Geologist

Dr. Jacob Longridge joined the Nicola Mining team in 1 February 2019. He has been actively engaged in mineral exploration from boots-on-the ground field work to high level district-scale target generation in Canada and South America for multiple commodities including Silver, Lead, Copper, Gold and Uranium.
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Interview with Peter Espig,
CEO of Nicola Mining

“We are the only mill permitted in British Columbia to accept gold and silver mill feed from anywhere in the province.”

Published Apr 23, 2018