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.

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Nicola Mining Inc

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Post by TELEMARKERon Nov 21, 2024 9:26pm

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Nicola Mining arranges $500,000 private placement

2024-11-14 16:43 ET - News Release

Mr. Peter Espig reports

NICOLA MINING ANNOUNCES FLOW-THROUGH SHARE PRIVATE PLACEMENT

Nicola Mining Inc. has arranged a non-brokered private placement consisting of up to 1,492,537 flow-through common shares at a price of 33.5 cents per flow-through share for gross proceeds of up to $500,000. Insiders may participate in the offering.

Each flow-through share of the company will be issued on a flow-through basis pursuant to the Income Tax Act (Canada) and in accordance with the policies of the TSX Venture Exchange.

Finders' fees may be payable in connection with the offering in accordance with the policies of the exchange.

All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering. Completion of the offering is subject to the approval of the exchange. Any participation by insiders in the offering will constitute a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. The aggregate gross proceeds from the offering are expected to be used for the further exploration on the company's wholly owned New Craigmont project.

About Nicola Mining Inc.

Nicola Mining is a junior mining company (listed on the TSX-V and the Frankfurt Stock Exchange) that maintains a 100-per-cent-owned mill and tailings facility, located near Merritt, B.C. It has signed mining and milling profit-share agreements with high-grade gold projects. Nicola's fully permitted mill can process both gold and silver mill feed through gravity and flotation processes.

The company owns 100 per cent of the New Craigmont project, a high-grade copper property, which covers an area of 10,800 hectares along the southern end of the Guichon batholith and is adjacent to Highland Valley, Canada's largest copper mine. The company also owns 100 per cent of the Treasure Mountain property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.

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