Nicola Mining Secures Five-Year Extensions for Six Mining Leases at New Craigmont Property

Nicola Mining Inc. has secured five-year extensions for six mining leases at its New Craigmont Property, covering more than 10,800 hectares adjacent to Teck Resources' Highland Valley Copper Mine, the largest copper operation in Canada. The lease extensions provide long-term security for the company's exploration and development activities in this strategically important mining region. This long-term access to mineral rights adjacent to major existing infrastructure represents a significant advantage for the company's future development plans.

Concurrently, Nicola Mining reported shipping 707 ounces of gold concentrate in partnership with Talisker Resources Ltd., generating gross proceeds of approximately US$2.3 million. This revenue stream has been supported by recent upgrades to the company's Merritt Mill facility, enhancing its processing capabilities for both gold and silver mill feed through gravity and flotation processes. The operational revenue provides financial stability while the company advances its exploration objectives, demonstrating the dual-track approach of generating current income while investing in future growth potential.

The company has also initiated a substantial 4,000-to-5,000-meter diamond drill program at New Craigmont, which began on June 1. This exploration program represents a significant investment in defining the property's mineral potential, particularly given its location along the southern end of the Guichon Batholith and adjacency to Canada's largest copper mine. The geological setting provides compelling exploration targets given the proven mineral endowment of the region and the proximity to established mining operations.

Coverage of these developments was provided by Mark Reichman, Managing Director and Equity Research Analyst at Noble Capital Markets. Investors seeking detailed analysis can access the full report through https://ibn.fm/WedjL for comprehensive market insights. The combination of extended mineral leases, active drilling programs, and revenue generation from gold shipments demonstrates Nicola Mining's progress in advancing its portfolio of mining assets.

The company's fully permitted mill and tailings facility near Merritt, British Columbia, provides critical infrastructure support for current and future operations. This existing processing infrastructure represents a significant competitive advantage in the mining sector, where permitting and construction of such facilities often represents major capital expenditures and regulatory hurdles. Additional information and updates relating to Nicola Mining are available through the company's newsroom at https://ibn.fm/HUSIF, providing stakeholders with ongoing access to corporate developments and operational milestones. The simultaneous advancement of multiple corporate objectives positions the company for potential growth in both the near and long term.