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Nicola Mining Inc V.NIM

Alternate Symbol(s):  HUSIF

Nicola Mining Inc. is a Canada-based junior mining company. The Company maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of approximately 10,913 hectares (ha) along the southern end of the Guichon Creek Batholith and is adjacent to Teck Resources Ltd.'s Highland Valley Copper. The Company also owns 100% of the Treasure Mountain Property, which comprises approximately 51 mineral tenures, 21 legacy claims: 100 cell units, and five crown grants for a total of approximately 2,850 ha. The Company’s Merritt Mill Property is host to an active run gravel pit, which is located on District Lot 4234. Situated in the heart of the Thompson-Okanagan mining district, the Merritt mill and tailings site consists of approximately 980 acres of fee simple land. The Company also maintains a 75% economic interest in the Dominion Creek Property.


TSXV:NIM - Post by User

Post by stockwatcher7on Mar 26, 2024 10:53am
99 Views
Post# 35952935

NIM should undertake a NCIB

NIM should undertake a NCIBTo underpin the  share price  in times  of  share  price  weakness... JMHO

Looks  like unique jr,  able to  pay down  debt  with  cash flow...and continue exploration and partisipate  in placement  in Blue Lagoon

Maybe an opportunity  to process bulk samples  from  others for a fee  or  the  recovered AU/AG

The company intends to pay an aggregate of $1,165,275 in principal prepayment amount, an aggregate of $116,527.50 in prepayment premium amount and an aggregate of $233,055 in prepayment interest amount, leaving a balance of an aggregate of $4,131,431 in debentures.

This marks the second prepayment of outstanding debenture obligations, as the company previously announced on July 12, 2022, the prepayment of $1,329,176 of the principal and $81,936 in accrued interest.
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