Nicola Mining Inc. Prices $6.0 Million U.S. Public Offering to Fund Expansion

Nicola Mining Inc. has announced the pricing of its U.S. underwritten public offering of 930,233 American Depositary Shares and accompanying warrants at $6.45 per unit, for expected gross proceeds of approximately $6.0 million. Each ADS represents 12 common shares and each warrant is exercisable at CAD$12.2213 for five years. The ADSs are expected to begin trading on the Nasdaq Capital Market on April 13, 2026, with closing anticipated April 14, 2026. The company intends to use the proceeds for mill expansion, capital expenditures and working capital, while also granting underwriters a 45-day option to purchase additional securities.

This capital raise is important for Nicola Mining as it provides funding to expand its operational capabilities. The company maintains a 100% owned mill and tailings facility near Merritt, British Columbia, which is fully permitted to process both gold and silver mill feed via gravity and flotation processes. The mill expansion funded by this offering could enhance processing capacity and efficiency. The company has signed Mining and Milling Profit Share Agreements with high grade gold projects, indicating existing partnerships that may benefit from increased mill capacity.

Nicola Mining's asset portfolio includes the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith. This property is adjacent to Highland Valley Copper, Canada's largest copper mine, suggesting strategic positioning in a proven mining district. The company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares. These assets represent significant exploration and development potential that may require capital investment.

The offering's structure with warrants provides additional potential future capital if exercised, while the underwriters' 45-day option allows for potential upsizing of the offering. For investors, the latest news and updates relating to NICM are available in the company's newsroom at https://ibn.fm/NICM. The pricing of this offering represents a strategic move by Nicola Mining to secure funding for growth initiatives during a period when junior mining companies often face challenges accessing capital markets. The successful completion of this offering could strengthen the company's financial position and support its development plans across its portfolio of mining assets in British Columbia.