Nicola Mining Secures Five-Year Lease Extensions and Reports Gold Shipment Revenue

Nicola Mining Inc. (TSX.V: NIM) (FSE: HLIA) (OTCQB: HUSIF) has secured significant operational advancements with the acquisition of five-year extensions for six mining leases at its New Craigmont Property, covering more than 10,800 hectares adjacent to Teck Resources' Highland Valley Copper Mine, Canada's largest copper operation. This extension provides long-term stability for the company's exploration and development activities in this strategically important mining region. The timing coincides with Nicola's initiation of a substantial 4,000-to-5,000-meter diamond drill program at New Craigmont, which commenced on June 1, representing a major step forward in evaluating the property's mineral potential.

Complementing these developments, the company recently reported the shipment of 707 ounces of gold concentrate through its partnership with Talisker Resources Ltd. (TSX: TSK, OTCQX: TSKFF), generating gross proceeds of approximately US$2.3 million. This revenue generation demonstrates the operational capabilities of Nicola's Merritt Mill, which has benefited from recent upgrades to enhance processing efficiency. The successful gold shipments validate the company's business model and provide crucial cash flow to support ongoing exploration activities and corporate operations.

The company's progress has attracted analytical coverage from Noble Capital Markets, with Managing Director and Equity Research Analyst Mark Reichman providing professional assessment of Nicola's developments. Investors seeking detailed analysis can access the full report through https://ibn.fm/WedjL. The combination of extended mineral rights, active drilling programs, and revenue generation positions Nicola Mining as an emerging player in the Canadian mining landscape, particularly in the copper and gold sectors where the New Craigmont Property shows significant promise.

Additional information and updates regarding Nicola Mining's activities are available through the company's newsroom at https://ibn.fm/HUSIF. The convergence of extended lease security, active exploration, and revenue production creates a foundation for potential growth and development in one of Canada's most productive mining districts, adjacent to established major operations that demonstrate the region's mineral endowment and infrastructure advantages.