- Nicola Mining (TSXV:NIM) has received the final permit to complete a bulk sample at its Dominion Creek Mineral Project, a high-grade gold and silver project
- The final permit allows Nicola and High Range Exploration to complete a bulk sample before February 27th, 2030, after which only reclamation activities will be permitted
- Nicola announced that it had been issued a draft permit by the British Columbia Ministry of Mining and Critical Minerals to extract 10,000 tonnes of gold and silver ore at Dominion.
- Nicola Mining stock (TSXV:NIM) last traded at $0.30
Nicola Mining (TSXV:NIM) has received the final permit to complete a bulk sample at its Dominion Creek Mineral Project, a high-grade gold and silver project in which Nicola holds a 75 per cent economic interest. This milestone marks a significant step forward for the company and its partner, High Range Exploration Ltd.
The Vancouver-based miner explained in a media release that the notice of work for the Dominion Mineral Project was initially filed with the chief permitting officer on August 29, 2018, and was last updated on February 27th, 2025. The final permit allows Nicola and High Range Exploration to complete a bulk sample before February 27th, 2030, after which only reclamation activities will be permitted. A free use permit (MX-100000488) has also been issued to upgrade and complete a short haul road for ore transportation.
On March 6th, 2025, Nicola announced that it had been issued a draft permit by the British Columbia Ministry of Mining and Critical Minerals to extract 10,000 tonnes of gold and silver ore at Dominion. The project is located 43 kilometers northeast of the town of Wells and approximately 110 kilometers east-southeast of Prince George. The two companies are currently finalizing plans to mobilize and commence ore extraction, which is anticipated to begin in July 2025.
In other news, Nicola Mining has successfully closed a non-brokered private placement that was announced on February 25, 2025. The placement consisted of up to 7,142,857 units at a price of $0.28 a share for proceeds of up to C$2 million. However, due to the company’s strong cash position, a smaller and less dilutive amount was deemed sufficient. Nicola issued 4,038,955 Units for aggregate gross proceeds of C$1,130,907.40 and paid C$63,827.36 in finder’s fees, resulting in net proceeds of C$1,067,080.00. The financing is now closed, and the company will not be seeking additional funds associated with the current financing.
Nicola Mining Inc. is a junior mining company that maintains a wholly owned mill and tailings facility, located near Merritt, British Columbia. 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 via gravity and flotation processes.
Join the discussion: Find out what everybody’s saying about this stock on the Nicola Mining Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
Nicola Mining stock (TSXV:NIM) last traded at $0.30 and has risen 41.86 per cent since this time last year.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top image via Nicola Mining Inc.)