Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF), (the “Company “or “Nicola”) today announced that it has elected to accelerate the exercise of the outstanding warrants to purchase common shares of the Company originally issued as part of the financings (the “Financings “) completed on February 25, 2025, and exercisable at a price of CAD 0.40 per common share (collectively, the “Warrants”).
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 (the “TSXV”) is at least CAD 0.60 for ten consecutive trading days (the “Acceleration Period”), to a date that is 30 days following the issuance of a news release announcing the acceleration.
As the closing price of the Company’s common shares on the TSXV has been at least CAD 0.60 per share for each of the last 10 trading days ending July 21, 2025, the Company hereby announces the acceleration period in accordance with the terms of the Warrants. The Company is exercising its right to accelerate the Warrants originally issued under the Financings to August 20, 2025, at 5:00 p.m. (Toronto time) (the “Accelerated Expiry Date”). Any Warrants not exercised by the Accelerated Expiry Date will expire and be of no further force or effect.
Proceeds from the exercise of the Warrants will be used for general working capital purposes, including funding exploration and milling activities.
Peter Espig, CEO of Nicola Mining Inc., commented:
“The early exercise of the Warrants is a testament to the Company’s successful achievement of multiple milestones, which is reflected in our share price. Nicola is currently experiencing a series of positive events related to gold and silver production as well as exploration at New Craigmont, which we will continue to provide updates on.”
None of the securities sold in connection with the offering will be registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release does 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 stock exchange and the Frankfurt Stock Exchange, operating a 100% owned mill and tailings facility near Merritt, British Columbia. The Company has signed profit-sharing agreements for the extraction and processing of high-grade gold projects. Nicola’s fully permitted mill can process both gold and silver ore through gravity and flotation processes.
The Company owns 100% of the New Craigmont Project, a high-grade copper property covering 10,800 hectares at the southern end of the Guichon Batholith, 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 one mineral lease, covering an area of more than 2,200 hectares.
On behalf of the Board
“Peter Espig”
Peter Espig
CEO and Director
More information
Contact: Bill Cawker
Phone: (604) 649 0080
Email: info@nicolamining.com
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Not for distribution to United States news wire services or for dissemination, distribution or release, directly or indirectly, in whole or in part, in or into the United States.
