Nicola Mining Inc
NIMNicola Mining Inc., a junior exploration and custom milling company, engages in the identification, acquisition, and exploration of mineral property interests in Canada. The company primarily explores for gold, silver, lead, zinc, and copper deposits. It holds a 100% interest in the Treasure Mountain project comprising 30 mineral claims covering 2,850 hectares, and 1 mineral lease located to the northeast of Hope, British Columbia; and the New Craigmont project consisting of 22 contiguous mineral claims covering approximately 10,913 hectares, and 10 mineral leases covering an area of approximately 347 hectares located in the Merritt, British Columbia. It also has interests in the sand and gravel Merritt Mill property located to the northwest of Merritt, British Columbia. In addition, it engages in residential property business, which covers 5 residential lots totaling approximately 488.70 acres; and the sale of gold and silver concentrates. The company was formerly known as Huldra Silver Inc. and changed its name to Nicola Mining Inc. in June 2015. Nicola Mining Inc. was incorporated in 1980 and is headquartered in Lower Nicola, Canada.
Score
—Data Quality
Market Cap
N/A
Total valuation
Stock Price
N/A
Latest close
Free Cash Flow
N/A
Annual
Financial Position
N/A
Cash position
PEG Ratio
ⓘN/A
P/E ÷ growth
Analysis
Subscribe to see the AI Analysis
Score breakdown, criteria, red flags, bull/base/bear scenarios.
SubscribeFinancials
Asset Pipeline
Subscribe to see the Asset Pipeline
Jurisdiction exposure, project portfolio, cost structure.
SubscribeInformation
Key Information
Legal Entity
Nicola Mining Inc
Sector
Precious Metal
Founded
August 8, 1996
Employees
40
Reporting Currency
USD
Contact Phone
250-280-1530
Website
nicolamining.comHeadquarters Address
3329 Aberdeen Road , Lower Nicola , BC V0K 1Y0 , CA
Identifiers
ISIN
CA65405R2037Commodity Portfolio
Stock Exchanges
Organization
Chart
Interactive chart powered by TradingView. Use the chart tools to analyze price trends.
Videos
Nicola Mining: Permitted Mill Cash Flow & Copper Porphyry Upside
Key Highlights
detailed- The guest says Nicola is fully committed to mining at Treasure Mountain in 2027, starting with level 1 stope 2, which holds about 400,000 ounces of silver, 1.7 million pounds of lead and 960,000 pounds of zinc; he frames the lead and zinc as covering operating costs with silver as the upside.
- He describes Craigmont as the company's biggest asset and says 2026 drilling hit native copper very early at a target that had never been drilled, which he reads as copper trapped between the porphyry source and the cooled skarn, and he says this puts them close to a major discovery; he also stresses Craigmont already has a mine permit, which he calls rare for a copper exploration play.
- He says the company owns 100% of both Treasure Mountain and Dominion Gold after the first 10,000 tons at Dominion, and that Dominion's potential is still being revealed as they mine and explore it in coming years.
- On the shared mill, his argument is that mill feed is the constraint, not processing: the mill is owned 100% and can be expanded as feed grows from Treasure Mountain, Dominion and third-party tonnes.
- He lists 2026 milestones as increased mill capacity in Q1, becoming the first Canadian company to list on Nasdaq via an ADR in April, a June porphyry system discovery, opening the Dominion gold mine in July, announcing the Treasure Mountain reopening in August, and September drilling and a Red Eye Minerals agreement; he says cash is about $10 million now, closer to $20 million by year end, and could reach $70 million in 2027.
Treasure Mountain reopens for mining in 2027; lead and zinc pay the operating costs, silver carries the upside. First output comes from level 1, stop 2: 400,000 ounces of silver, 1.7 million pounds of lead, 960,000 pounds of zinc. Craigmont's advantage is its existing mine permit, which the CEO says few copper exploration plays can claim. Mill capacity is not the bottleneck: a $5 million Blue Lagoon investment with partner funds supports a move toward 500 tons per day. No capital raise at Beaver Creek; cash is expected near $20 million by year-end, with strategic interest the real goal.
The NASDAQ Just Opened a New Door for Canadian Mining Stocks
Key Highlights
detailed- Nicola Mining became the first Canadian company to list via an ADR on a major US exchange, after the word "non-Canadian" was struck from Nasdaq Rule 5215 in January 2026.
- CEO Peter Espig says it took eight months of compliance work because Nicola had to create and sell a brand-new security, making the process similar to an IPO.
- The security was priced at $645 per receipt, with 12 Canadian shares per receipt, following a four-day virtual roadshow.
- The roughly US$6 million offering went public in April 2026, and the entire book was taken by a single fund, Citadel.
Nasdaq's Rule 5215 change lets Canadian juniors reach US investors through ADRs (depositary receipts bundled from existing shares) without reverse splits. First Phosphate and Nicola Mining proved the route: a depository bank bundles shares so receipts clear Nasdaq's $4 minimum bid with no share rollback. Nicola's entire $6 million US book went to one fund, Citadel; Power Metallic lines up next behind a pending mineral resource estimate. Listing is no free pass: issuers need 18 months of capital, visible trading liquidity, and a business case US institutions can underwrite. Nicola Mining's Peter Espig says US money digs into business plans and returns on equity, so a separate US marketing push is essential.
Gold & Silver Opportunities: Discovery, Development & Growth | July 16, 2026
Key Highlights
detailed- Peter Espig says Nicola began mining at its Dominion project in the first week of July 2026, has been milling high-grade gold material from Blue Lagoon since January with assays above an ounce per tonne at surface, and expects to at least meet or beat the production targets it gave the market last year.
- He says the Treasure Mountain silver mine will be reopened in August 2026 and back in production within 12 months of that, giving the company gold and silver revenue streams at the same time.
- Espig says Nicola runs its operations to stay profitable at a $2,000 gold price and treats everything above that as upside, and he discounts the analyst price targets he hears on the panel.
- He says the Merritt mill is the only facility in British Columbia permitted to process third-party gold and silver material, a position he credits for the regional toll-milling business.
- Espig calls the copper exploration at New Craigmont the real elephant in the room because it sits on ground that is already a permitted mine, which normally takes 10 to 15 years to achieve, and he expects news there over the next 12 months.
Central bank buying of over 850 tonnes took gold to record levels in January 2026, and the panel says producer margins sit at historic extremes. Silver is heading into a sixth straight year of supply deficit, with annual mine output falling from 1.2 billion ounces toward 800 million. Robert Eckford argues jurisdiction now outranks project size, and points to New Zealand's six-month permitting as the competitive edge. Peter Espig's rule: fund projects that are not yet cash generative with equity, and reserve debt for producing mines expanding output. Chris Kerlow uses a barbell portfolio — about 80% in large producers, 20% in juniors expected to generate most of the returns.
Nicola Mining's ($NICM | $NIM) Multi-Asset Strategy for Self-Funded Growth
Key Highlights
detailed- TOP: The guest argues Nicola's growth is self-funded — its own mill cash flow is meant to cover operations, exploration and acquisitions so the company does not have to raise capital; he cites zero debt, roughly $10m-plus in cash and about 220m shares outstanding.
- The Merritt Mill, which he describes as the only BC mill permanently permitted to process gold and silver feed from anywhere in the province, is moving from 200 to 500 tonnes per day, with slides showing room to expand to 1,500 tonnes per day.
- Mining at the Dominion Creek gold project is scheduled to start in July 2026 with milling in August; he calls it the highest-grade gold project he is aware of in Canada and puts summer mining margins as high as 60% because mine development is already sunk.
- The Treasure Mountain silver mine is scheduled to reopen in August 2026 with mining within 12 months; the first stope holds about 400,000 oz of silver plus lead and zinc that he says cover operating costs, and he expects roughly $50m of revenue at very high margins.
- He calls the New Craigmont copper project the company's flagship and the highest-grade copper mine in North American history, adjacent to Highland Valley; the most significant drill hole so far is still unreported, with results due in September 2026.
Nicola Mining plans to fund expansion, drilling, and acquisitions from Merritt Mill cashflow rather than raising new equity. The Merritt Mill is British Columbia's only provincially permitted gold and silver mill, able to accept feed from anywhere in BC. Small BC projects are stranded: few hold enough ounces to justify building a roughly $250 million mill on their own. Management shelved Treasure Mountain in 2013 rather than mine at $12.50 per ounce costs, betting silver would return above $30. Buying out seven owners in 2016 let New Craigmont restart copper drilling after a gap running from 1961 to 2015.
Why AI Data Centers Need New Copper | Nicola Mining
AI data centers driving unprecedented copper demand as tech infrastructure expansion accelerates globally Nicola Mining positioned to benefit from copper thesis with strategic assets in mining-friendly jurisdiction Copper becoming critical metal for AI revolution, creating new investment opportunities in copper explorers
Articles
No articles available
Published articles for this company will appear here
Want the full picture on more companies?
Be one of the first.
A room for resource investors taking shape now — independent, spam-free, no hype.