The Prospector News

Nicola Mining Announces Warrant Expiry Acceleration

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Nicola Mining Announces Warrant Expiry Acceleration

 

 

 

 

 

Nicola Mining Inc. (TSX-V: NIM) (FSE: HLIA) (OTCQB: HUSIF), that it is electing to accelerate the expiry of outstanding common share purchase warrants of the Company originally issued under financings completed on February 25, 2025 exercisable at C$0.40 per common share.

 

Pursuant to the terms of the Warrants, the Company may accelerate the expiry date of the Warrants if the closing price of the Company’s common shares on the TSX Venture Exchange equals or exceeds C$0.60 for 10 consecutive trading days, to the date which is 30 days following the dissemination of a news release announcing the acceleration. As the closing price of the Company’s common shares has equaled or exceeded C$0.60 per share over each of the last 10 trading days ended July 21, 2025, on the TSXV, it hereby provides notice of the Acceleration Period in accordance with the terms of the Warrants. The Company is exercising its right to accelerate the expiry of the Warrants originally issued under the Financings to 5:00 p.m. (Toronto Time) on August 20, 2025. Any Warrants remaining unexercised after the Accelerated Expiry Date will expire and be of no force and effect.

 

Proceeds from the exercise of the Warrants will be used for general working capital purposes, which may include funding exploration and milling activities.

 

Mr. Peter Espig, CEO of Nicola Mining Inc., commented, “The warrant expiry acceleration is representative of the Company’s successful execution of multiple milestones, which is reflected in our share price. Nicola is experiencing a confluence of events via gold and silver production and exploration at New Craigmont, both of which we will continue to provide updates.”

 

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

 

About Nicola Mining

 

Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It 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 10,800 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.

 

Posted July 21, 2025

Share this news article

MORE or "UNCATEGORIZED"


PTX Metals Inc. Announces Second Closing of Private Placement

PTX Metals Inc. (TSX-V: PTX) is pleased to announce the closing of the second tranche (with an addit... READ MORE

October 2, 2025

Lion One Produces 5,704 Tonnes at 10.60 g/t Gold from First Shrinkage Stope at Tuvatu and Increases Underground Development Rates by 70%

Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) is pleased to provide an update on mining opera... READ MORE

October 2, 2025

ESGold Secures C$9 Million Strategic Partnership with Ocean Partners as Montauban Progress Accelerates

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) (FSE: Z7D) is pleased to announce it has entered into a bind... READ MORE

October 2, 2025

Erdene Announces Updated Resource for the Zuun Mod Molybdenum-Copper Deposit

Erdene Resource Development Corp. (TSX:ERD) (MSE:ERDN) (OTCQB:ERDCD) is pleased to announce a... READ MORE

October 2, 2025

Copper Giant Achieves Up To 92% Copper And 97% Molybdenum Recoveries In Latest Metallurgical Testwork At Mocoa

Copper Giant Resources Corp. (TSX-V: CGNT) (OTCQB: LBCMF) (FRA: 29H0) announces results from i... READ MORE

October 2, 2025

Copyright 2025 The Prospector News