Nicola Mining Inc. (TSX.V: NIM) (FSE: HLIA) (OTCQB: HUSIF) has obtained a five-year extension for six mining leases at its New Craigmont Property, covering more than 10,800 hectares adjacent to Teck Resources’ Highland Valley Copper Mine, Canada’s largest copper operation. The company also initiated a 4,000-to-5,000-meter diamond drill program at New Craigmont on June 1, signaling continued exploration activity.
Earlier this month, Nicola reported shipping 707 ounces of gold concentrate in partnership with Talisker Resources Ltd. (TSX: TSK, OTCQX: TSKFF). The shipment generated gross proceeds of approximately US$2.3 million, supported by recent upgrades to the Merritt Mill. Coverage was provided by Mark Reichman, Managing Director and Equity Research Analyst at Noble Capital Markets, as detailed in a report available at https://ibn.fm/WedjL.
Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility near Merritt, British Columbia. The company 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.
The company owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith, adjacent to Highland Valley Copper. Nicola also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares.
These developments underscore Nicola Mining's strategic positioning in British Columbia's mining sector, particularly the lease extensions and drill program at New Craigmont, which could enhance its copper portfolio. The gold concentrate shipment from the Merritt Mill demonstrates operational progress and revenue generation, supported by recent mill upgrades. The Noble Capital Markets coverage provides analyst insights into the company's activities, offering investors a professional perspective.
For the latest news and updates relating to HUSIF, visit the company’s newsroom at https://ibn.fm/HUSIF.
