Nicola Mining Inc. Announces Pricing of $6.0 Million U.S. Public Offering of ADS Units

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 company expects the ADSs to begin trading on the Nasdaq Capital Market on April 13, 2026, with closing anticipated for April 14, 2026.

The proceeds from this offering are intended to be used for mill expansion, capital expenditures, and working capital. This financial move is significant for the junior mining company as it seeks to enhance its operational capabilities. Nicola Mining has granted underwriters a 45-day option to purchase additional securities, which could further increase the capital raised. The full details of the offering are available in the company’s official press release, which can be viewed at https://ibn.fm/Q63LB.

Nicola Mining 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. Its fully permitted mill can process both gold and silver mill feed via gravity and flotation processes. The company’s assets include the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith, adjacent to Highland Valley Copper, Canada’s largest copper mine. It also owns the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares.

This offering matters because it provides Nicola Mining with the necessary capital to advance its mining operations, potentially increasing production and profitability. The funds will support mill expansion, which could enhance processing efficiency and capacity, benefiting the company’s gold and copper projects. For investors, this move signals growth potential and a strengthened financial position, as detailed in the company’s newsroom at https://ibn.fm/NICM. The implications include improved resource development and competitive positioning in the mining sector, contributing to regional economic activity in British Columbia.

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