Nicola Mining Inc. 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.
CEO Peter Espig joins #RCTV at VRIC to discuss the Merritt Mill ramp up, growing Cu, Au & Ag output, strategic partnerships, & what increased investor attention could mean next with the pending uplist to the #NASDAQ. Execution and more cashflow are the top goals for 2026.
Nicola Mining Inc CEO Peter Espig joined Steve Darling from the Vancouver Resources Investment Conference to share news about the company’s major developments in 2026, including plans to uplist to Nasdaq, the reopening of a silver mine, and the commencement of a gold project…..Espig stated, “We’re reopening a silver mine, and we’re opening a gold project. Then there’s other things in the pipeline.” He underscored a conservative financial approach rooted in his investment banking background, noting the company’s focus on cash flow stability amid sector-wide optimism.
New Craigmont Copper Project – comprised of 20 contiguous mineral claims covering 10,800+ hectares, 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.
Treasure Mountain Silver Project – The property comprises 31 mineral tenures consisting of 30 claims and 1 lease, covering an area of 2,200+ hectares and is accessible by road from Hope or Princeton and is host to polymetallic veins including the historical Treasure Mountain silver-lead-zinc Mine.
Merritt Mill & 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.
Sand & Gravel Pit / Rock Quarry / Ready-Mix Concrete Plant – The Merritt Mill Property is host to a fully permitted, 1500 tonnes per day rock quarry, and a 100,000 tonnes per annum sand/gravel pit as well as a new cement plant, all run in a partnership with First Nations.
We caught up with Peter Espig, CEO of Nicola Mining (TSXV: NIM | FSE: HLIA | OTCQB: HUSIF) to understand how dual permits (10-year mining lease extension plus 5-year exploration permit) positions Nicola in an “envious position” to systematically explore high-grade surface samples showing up to 9,221 g/t silver, while the company simultaneously ramps up gold and silver production at their Craigmont operations with multiple projects coming online throughout 2025.
In this episode, Peter Espig, CEO and President of Nicola Mining, elaborates on the company’s dynamic ventures. Currently transitioning a gold asset into production, Nicola Mining is set to begin operations with their partner Talisker. The company is also initiating exploration on projects involving a very high grade copper mine and a significant silver project. Espig discusses the promising prospects of the Treasure Mountain Project and the impact of mining permits on their operations. In addition to insights into the Dominion Creek and new Craigmont projects, Espig highlights the company’s financial philosophy, focusing on cash flow stability to avoid excessive fundraising and dilution. Join us for a comprehensive dive into Nicola Mining’s strategic progress and ambitious exploration plans.
Responsible development means meeting the needs of the present without compromising the future. During 2018, Nicola Mining Company continued to expand its focus on minimizing dust from historic tailings that are located on site.
