Nicola Mining Inc. Announces June 2025 Mill Restart with Eight-Year Production Strategy
TL;DR
Nicola Mining is restarting its fully permitted mill, setting the stage for 8 years of continuous production with new contracts.
Nicola Mining owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares.
Nicola Mining's unique status as Canada's only designated mining industrial site supports province-wide processing rights for gold and silver, benefiting the local economy.
Nicola Mining's mill can process both gold and silver feed via gravity and flotation processes, showcasing innovative mining techniques.
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Nicola Mining Inc. is preparing to restart its fully permitted mill in June 2025, setting the stage for a comprehensive eight-year production strategy that capitalizes on multiple mineral processing capabilities. CEO Peter Espig highlighted the company's strategic positioning during a pre-Commodities Global Expo podcast, emphasizing the significance of the firm's six active permits covering gold, silver, copper, quarrying, and milling operations. The company holds a distinctive status as Canada's only designated mining industrial site, which grants province-wide processing rights for gold and silver. This unique designation provides Nicola Mining with significant operational flexibility and potential competitive advantages in the mining sector.
Nicola Mining's production strategy centers on its 100% owned mill and tailings facility located near Merritt, British Columbia. The facility can process both gold and silver mill feed through gravity and flotation processes, demonstrating a versatile approach to mineral extraction. The company's project portfolio includes the New Craigmont Project, a high-grade copper property spanning 10,913 hectares along the southern end of the Guichon Batholith. This property is strategically positioned adjacent to Highland Valley Copper, Canada's largest copper mine, potentially offering significant development opportunities.
Additionally, Nicola Mining owns the Treasure Mountain Property, which comprises 30 mineral claims and a mineral lease covering more than 2,200 hectares. These diverse assets position the company to leverage multiple revenue streams and mineral extraction opportunities. The planned mill restart represents a significant milestone for Nicola Mining, reflecting a calculated approach to resource development and processing. By securing multiple permits and maintaining a diversified project portfolio, the company is strategically preparing for sustained production and potential market growth in the mining sector.
Curated from InvestorBrandNetwork (IBN)
