Nicola Mining Prepares to Commence 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.

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. For more details, see the full press release here.

The Dominion project's high-grade nature and proximity to the Merritt Mill position Nicola to potentially generate revenue and improve its financial standing. The mill's unique permitting status allows it to process material from various sources across British Columbia, offering flexibility and operational advantages. The company's focus on gold and silver extraction aligns with current market demand for precious metals, which often serve as safe-haven assets during economic uncertainty.

Nicola Mining is a junior mining company listed on the Exchange and Frankfurt Exchange. It maintains a 100% owned mill and tailings facility near Merritt, British Columbia, and has signed Mining and Milling Profit Share Agreements with high grade gold projects. The company’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes. Additionally, 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. The company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares.

This development is significant for Nicola Mining as it transitions from exploration to production, potentially generating near-term cash flow. The commencement of extraction at Dominion could enhance the company's valuation and attract investor interest. The use of the Merritt Mill underscores the strategic value of owning permitted processing infrastructure in a mining-friendly jurisdiction. Investors can stay updated with the latest news on NICM here.