# Nicola Mining Inc. (TSXV:NIM)

> Nicola Mining Inc.

## About

Nicola Mining Inc. (NASDAQ: NICM) (TSX.V: NIM) (FSE: HLIA) is a public resource mining company with a successful management team experienced in consolidating and unlocking asset value of high-potential assets.

## Key facts

- **Cash position:** not discovered
- **Shares outstanding:** 229,525,709
- **Fully diluted shares:** 259,337,710
- **Warrants:** 18,659,501
- **Options:** 10,137,500
- **Mineral resource:** The latest Mineral Resource Estimation was conducted in 2009 following CIM Definition Standards. The total vein Indicated Resource above a 10.0 oz/imperial ton cut-off was estimated to be 33,000 tonnes (metric) with 24.2 opt silver, 4.16% lead, and 3.80% zinc. The total vein Inferred Resource above a 10.0 oz/imperial ton cut-off was estimated to be 120,000 tonnes (metric) with 27.0 opt silver, 2.79% lead, and 4.36% zinc. A Qualified Person has not done any work to classify this historical resource estimate as current; therefore, Nicola Mining is not treating it as current. This historical resource estimate is considered reliable as it was carried out by Qualified Professionals and disclosed in accordance with NI 43-101. It is considered relevant because it is the most recent resource estimate available and would be the starting point for further work. It will need to be verified before it is expanded upon or upgraded since subsequent mining, including bulk sampling, has taken place.
- **Projects:** ["New Craigmont Copper Project\n\n### Quick Facts\n\n- #### Ownership\n\n100%\n\n- #### Location\n\nNear Merritt, BC, Canada\n\n- #### Status\n\nExploration\n\n- #### Operation\n\nPast-Producing Underground and Open Pit Copper Mine with Ongoing Exploration\n\n- #### Commodity\n\nCopper (Primary), with potential for Molybdenum and Magnetite\n\n#### Project Overview\n\n- [**Location**](https://nicolamining.com/projects-and-operations/projects/new-craigmont-copper-project#location)\n- [**Geological Setting**](https://nicolamining.com/projects-and-operations/projects/new-craigmont-copper-project#geology)\n- [**Ongoing Exploration**](https://nicolamining.com/projects-and-operations/projects/new-craigmont-copper-project#exploration)\n- [**History**](https://nicolamining.com/projects-and-operations/projects/new-craigmont-copper-project#history)\n- [**Technical Reports**](https://nicolamining.com/projects-and-operations/projects/new-craigmont-copper-project#technical-reports)\n\n### Location\n\nLocated 14 km northwest of Merritt and 190 km northeast of Vancouver, the New Craigmont property is easily accessed via paved roads from Vancouver, Kamloops, and Kelowna, and is serviced by hydroelectric power (Figure 1).\n\nThe Craigmont Property is composed of 10 mineral leases and 22 mineral claims covering an area of over 10,800 ha. Access is by a 14 km paved road from the city of Merritt, BC. The property’s excellent infrastructure, comprising maintained dirt roads, as well as numerous tracks, allows for easy access to all areas of the property. The [Merritt Mill](https://nicolamining.com/projects-and-operations/operations/merritt-mill-tailings-facility) is located on the property and benefits from connection to the BC power grid.\n\n### Geological Setting\n\nThe New Craigmont Property is located on the eastern margin of the prolific Quesnel Trough island-arc terrane, which hosts a significant number of BC’s major copper districts.\n\nThe Upper Triassic volcanic and sedimentary rocks of the Nicola Group are laterally the most extensive group in the Property. These are intruded by Upper Triassic – Lower Jurassic batholiths, of which the Guichon Creek batholith and Iron Mask batholith are the most important from a metallogenic perspective. These batholiths host world-class porphyry deposits, namely Teck’s Highland Valley Copper Operations and New Gold’s New Afton Mine. Lower-Middle Jurassic sedimentary rocks occur more distal to these batholiths. A Late Cretaceous volcanic belt (Spences Bridge Group) predominates the west of the property. This belt is known to contain epithermal-style gold mineralisation. Large N-S trending faults have considerable displacement, the most significant of which are the Guichon Creek Fault and Lornex Fault, which are east and west of the New Craigmont Property, respectively.\n\n### Ongoing Exploration\n\nNicola successfully consolidated the ownership of the mineral claims and leases that now form the New Craigmont Project in November 2015. Prior to this, wide-scale exploration was not undertaken due to multiple owners of the tenures covering the region. Since the consolidation the company has been actively engaged in exploration activities on the project. This extensive effort includes conducting over 18,000 m of diamond drilling, 1,869 m of reverse circulation (RC) drilling and property-wide detailed geological mapping. The company has also carried out widespread soil sampling, along with advanced geophysical surveys including induced polarization (IP), aeromagnetic surveys, and a ZTEM survey across the property.\n\n### Drilling Highlights from Skarn Mineralization\n\nBelow are recent exploration highlights from skarn targets (Craigmont Central, No. 3 Ore Body and Embayment Zone):\n\n- DDH-THU-002: 85.92 m @ 1.11% Cu (Embayment Zone)\n- S-100: 116.7 m grading 0.54% Cu (resampling; Embayment Zone)\n- NC-2018-01: 71.4 m @ 0.58% Cu (Embayment Zone)\n- NC-2018-03: 100.6 m @ 1.33% Cu (Embayment Zone)\n- CC-18-02: 76.6 m @ 1.05% Cu (Craigmont Central)\n- CC-19-72: 34.0 m @ 0.28% Cu and 44.0 m @ 0.45% Cu (No. 3 Ore Body)\n- NC-24-001: 56.6 m @ 0.17% Cu and 75.0 m @ 0.36% Cu\n- NC-24-002: 52.9 m @ 1.03% Cu\n\n---\n\nTreasure Mountain Silver Project\n\n### Quick Facts\n\n- #### Ownership\n\n100%\n\n- #### Location\n\nNear Hope, BC, Canada\n\n- #### Status\n\nCare & Maintenance / Exploration\n\n- #### Operation\n\nUnderground Mine\n\n- #### Commodity\n\nSilver (Primary), with Lead & Zinc\n\n#### Project Overview\n\n- [**Location**](https://nicolamining.com/projects-and-operations/projects/treasure-mountain-silver-project#location)\n- [**Geology**](https://nicolamining.com/projects-and-operations/projects/treasure-mountain-silver-project#geology)\n- [**History**](https://nicolamining.com/projects-and-operations/projects/treasure-mountain-silver-project#history)\n- [**Historical Resource**](https://nicolamining.com/projects-and-operations/projects/treasure-mountain-silver-project#historical-resource)\n- [**Recent Exploration**](https://nicolamining.com/projects-and-operations/projects/treasure-mountain-silver-project#recent-exploration)\n- [**Technical Reports**](https://nicolamining.com/projects-and-operations/projects/treasure-mountain-silver-project#technical-reports)\n\n### Location\n\nThe Treasure Mountain mine property, under the full ownership of Nicola Mining Inc., is located within the Similkameen Mining Division in BC. Positioned 29 kilometers northeast of Hope, BC, this property is conveniently accessible via a 3-hour drive from Vancouver, BC. The property consists of 31 mineral tenures, which include 30 mineral claims and a single mineral lease, spanning an area exceeding 2,200 hectares.\n\n### Geological Setting & Mineralization\n\nThe Treasure Mountain property hosts polymetallic veins including those of the historic Treasure Mountain silver-lead-zinc mine. This property is situated in the northward continuation of the Cascade Mountains of Washington State, which contains sedimentary and volcanic rocks of Late Paleozoic to Cretaceous age plus younger intrusions and sediments."]
- **Leadership:** Peter Espig (CEO & Director), Brent Omland (Co-CEO of Ocean Partners, 20 years of experience in the mining, metals, and trading business. Previously served as CFO for Ivernia Inc. and Enirgi Metals Group.), Malcolm Swallow (Board Member, Principal mining engineer with extensive experience in guiding mining companies and projects, including precious and base metals developments.)

_Verified data last updated: 2026-06-26_

## Recent filings

- 2026-06-09 — other — [nim:ca_2026-06-09_21-58-16.pdf](https://chat.orbiton.app/nicm/preview/56215?documentId=56215)
- 2026-06-05 — other — [nim:ca_2026-06-05_21-05-23.pdf](https://chat.orbiton.app/nicm/preview/56216?documentId=56216)
- 2026-06-01 — press_release — [nim:ca_2026-06-01_12-14-11.pdf](https://chat.orbiton.app/nicm/preview/56217?documentId=56217)
- 2026-05-15 — financials — [nim:ca_2026-05-15_16-34-35.pdf](https://chat.orbiton.app/nicm/preview/56218?documentId=56218)
- 2026-05-15 — other — [nim:ca_2026-05-15_16-34-04.pdf](https://chat.orbiton.app/nicm/preview/56219?documentId=56219)
- 2026-05-15 — mda — [nim:ca_2026-05-15_16-33-33.pdf](https://chat.orbiton.app/nicm/preview/56220?documentId=56220)
- 2026-05-15 — financials — [nim:ca_2026-05-15_16-24-57.pdf](https://chat.orbiton.app/nicm/preview/56221?documentId=56221)
- 2026-04-28 — press_release — [nim:ca_2026-04-28_12-08-34.pdf](https://chat.orbiton.app/nicm/preview/56222?documentId=56222)

## Investor FAQ

### [Latest news?](https://chat.orbiton.app/nicm/faq/latest-news)

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- Investor website: https://nicolamining.com/