Nicola Mining Reports Increased High-Grade Throughput at Merritt Mill Through Blue Lagoon Partnership

Nicola Mining Inc. (TSX.V: NIM) (FSE: HLIA) (OTCQB: HUSIF) reported a material increase in throughput of high-grade gold and silver mill feed sourced from its partnership with Blue Lagoon Resources (CSE: BLLG) at the Dome Mountain Gold Project. The company has transitioned its fully permitted Merritt Mill to a flotation-only recovery circuit to better process sulphide-hosted mineralization, enhance metallurgical recoveries and improve concentrate grades, with high-grade gold-silver flotation concentrate sold to Ocean Partners UK Limited.

The transition to a flotation-only recovery circuit represents a strategic operational shift that allows Nicola Mining to more effectively process sulphide-hosted mineralization from the Dome Mountain Gold Project. This technical adjustment is significant because it directly addresses the metallurgical characteristics of the ore, potentially leading to higher recovery rates and improved concentrate quality. The company's ability to sell the resulting high-grade gold-silver flotation concentrate to Ocean Partners UK Limited provides a clear revenue stream for the processed material.

Nicola also announced continued underground development at Dome Mountain, equipment procurement for planned bulk sample extraction at its Dominion Gold Project beginning July 2026 and reiterated its objective to pursue a planned first-quarter 2026 NASDAQ uplisting. The continued underground development at Dome Mountain suggests ongoing progress at the source of the mill feed, while equipment procurement for the Dominion Gold Project indicates forward planning for future operations. The NASDAQ uplisting objective represents a significant corporate milestone that could increase the company's visibility and access to capital markets.

The company maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia, and has signed Mining and Milling Profit Share Agreements with high grade gold projects. Nicola's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes. The company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of 10,913 hectares along the southern end of the Guichon Batholith and is 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 an area exceeding 2,200 hectares.

This announcement matters because it demonstrates operational progress at multiple levels: increased throughput from an existing partnership, strategic mill modifications to improve processing efficiency, continued development at key projects, and clear corporate objectives for future growth. The material increase in high-grade mill feed throughput suggests the Blue Lagoon partnership is delivering tangible results, while the mill circuit transition shows technical adaptability to optimize operations. For more information, please visit https://www.MiningNewsWire.com. The latest news and updates relating to HUSIF are available in the company's newsroom at https://ibn.fm/HUSIF.