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Nicola Mining Inc V.NIM

Alternate Symbol(s):  HUSIF

Metals & Mining Industrial Metals & Minerals
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. Its fully permitted mill can process both gold and silver mill feed via gravity and flotation processes. The Company owns 100% of the New Craigmont Project, a high-grade copper property, which is composed of 10 mineral leases and 22 mineral claims covering an area of over 10,800 hectares (ha) along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper. The Craigmont Property is located over 14 kilometers (km) northwest of Merritt and 190 km northeast of Vancouver. The Company also owns 100% of the Treasure Mountain Silver Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares. The Treasure Mountain mine property is located within the Similkameen Mining Division in British Columbia.


TSXV:NIM - Post by User

Nicola Mining Inc
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Post by Betteryear2on Sep 06, 2023 8:36pm
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Post# 35623135

Nicola Mining Inc. Signs Letter of Intent

Nicola Mining Inc. Signs Letter of Intent Vancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI), (the "Company" or "Nicola") is pleased to announce that it has signed a non-binding letter of intent ("LOI") with Nittetsu Mining Co. Ltd. ("Nittetsu")1, a public arm's length company based in Japan, whereby Nicola would agree to establish a joint venture entity with Nittetsu in respect of the Company's wholly-owned New Craigmont Copper Project (the "Project") in exchange for the payment by Nittetsu of certain exploration costs and other consideration, which could total up to $25.0 MM upon completion (the "Transaction").

Nicola Mining Inc. Signs Letter of Intent with Nittetsu Mining Co. Ltd. for Exploration at New Craigmont Copper Project (newsfilecorp.com)
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