Nicola Mining Secures Permit for Dominion Creek and Closes Private Placement

An update from Nicola Mining ( (TSE:NIM) ) is now available.

Nicola Mining Inc. has received the final permit to conduct a bulk sample at its Dominion Creek Mineral Project, a high-grade gold and silver site in British Columbia. This permit allows the company and its partner, High Range Exploration Ltd., to extract ore until 2030, with plans to begin operations in July 2025. Additionally, Nicola Mining has successfully closed a non-brokered private placement, raising over $1.1 million, which will support its ongoing projects without further fundraising.

More about Nicola Mining

Nicola Mining Inc. is a junior mining company listed on the TSX Venture Exchange and Frankfurt Exchange. It owns a 100% owned mill and tailings facility located near Merritt, British Columbia. The company focuses on high-grade gold and silver projects, maintaining a significant economic interest in the Dominion Creek Mineral Project.

YTD Price Performance: 5.17%

Average Trading Volume: 36,942

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$52.35M

For detailed information about NIM stock, go to TipRanks’ Stock Analysis page.