Nicola Mining Prepares to Begin Gold and Silver Extraction at Dominion Project

Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) announced it is in the final stages of preparation to commence gold and silver extraction operations at its Dominion Gold Project in British Columbia, with mill feed extraction expected to begin during the first week of July. Material from the high-grade project will be processed at the company’s wholly owned Merritt Mill, the only fully permitted milling facility in British Columbia authorized to process gold and silver material from across the province. This milestone marks a significant step for the junior mining company as it moves toward generating cash flow from its portfolio of assets.

In preparation for production, Nicola has completed several key infrastructure and operational initiatives, including installation of a 14-person operational camp, acquisition of mining equipment and hiring of operational crews and contractors. The company also strengthened its reclamation profile with an additional $251,000 payment toward reclamation bonding requirements. Management said Dominion has demonstrated strong mineralization with vein systems open in all directions and grades of up to 113 grams of gold per tonne, while highlighting the project’s potential to become a significant source of high-grade mill feed and support future cash flow growth. The high-grade nature of the project underscores its importance, as such grades are increasingly rare and valuable in the current gold market.

The Dominion Project is part of Nicola Mining’s broader strategy to leverage its fully permitted mill infrastructure. The company has signed Mining and Milling Profit Share Agreements with high-grade gold projects, positioning itself as a key player in the region. In addition to Dominion, Nicola owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares adjacent to Highland Valley Copper, Canada’s largest copper mine, and the Treasure Mountain Property, spanning over 2,200 hectares. These assets provide diversification and long-term growth potential beyond the immediate gold and silver production.

The commencement of extraction at Dominion is particularly important for Nicola Mining as it represents a transition from exploration to production, a critical juncture for junior mining companies. The company’s ability to process material at its Merritt Mill allows it to capture value across the value chain, from mining to milling. Investors and stakeholders will be watching closely as the company aims to deliver on its promises of cash flow growth. For more details, the full press release is available at https://ibn.fm/AWGFu. The latest updates on NICM can be found at https://ibn.fm/NICM.

This development also highlights the broader importance of British Columbia’s mining sector, which is known for its rich mineral deposits and supportive regulatory environment. Nicola’s fully permitted mill is a key asset that could attract partnerships and toll-milling agreements from other mining companies in the region. As the company moves forward, the successful execution of its plans at Dominion could serve as a catalyst for further growth and investor interest in the junior mining space.