Nicola Mining Receives Outperform Rating with C$0.70 Price Target on Diversified Asset Base

Nicola Mining Inc. has received significant investment coverage positioning the company as a promising investment opportunity in the mining sector with an Outperform rating and price target of C$0.70 (US$0.50). The rating reflects the company's robust and diversified asset base across multiple mineral commodities, providing investors with exposure to copper, silver, lead, zinc, and gold projects within British Columbia's mineral-rich regions. This comprehensive approach to resource development demonstrates the company's strategic positioning within Canada's mining landscape.

The company's flagship asset, the New Craigmont Copper Project, represents a particularly compelling opportunity given its location in the prolific Quesnel Trough. The project's strategic positioning bordering Teck Resources' Highland Valley Copper Mine provides significant geological advantages and potential for resource expansion. The historical significance of the Craigmont mine, which produced 900 million pounds of copper between 1961 and 1982 at an impressive average grade of 1.28%, underscores the mineral potential of this district. The New Craigmont Project covers an expansive 10,913 hectares along the southern end of the Guichon Batholith, positioning the company adjacent to Canada's largest copper mine operation.

Beyond its copper interests, Nicola Mining maintains additional valuable assets including the high-grade Treasure Mountain silver-lead-zinc mine and holds a 75% economic interest in the Dominion Creek gold project. The Treasure Mountain Property extends the company's mineral footprint significantly, comprising 30 mineral claims and a mineral lease spanning over 2,200 hectares. This diversified portfolio provides multiple avenues for value creation and risk mitigation across different commodity cycles, making the company attractive to investors seeking exposure to various segments of the mining sector.

A distinctive competitive advantage for Nicola Mining is the company's ownership of the only mill in British Columbia permitted to process third-party material. This unique infrastructure provides a consistent revenue stream through its Merritt Mill operations, complemented by sand/gravel pit and rock quarry operations. The mill's capability to process both gold and silver through gravity and flotation techniques offers additional financial flexibility and operational diversity. This infrastructure enables Nicola Mining to generate cash flow to support operations and exploration activities without resorting to dilutive equity issuance, representing a significant advantage in the capital-intensive mining industry where funding exploration can often challenge junior companies.