VANCOUVER, BC, July 9, 2025 / Nicola Mining Inc. (the “Company” or “Nicola”) (TSX: NIM) (OTCQB: HUSIF) (FWB: HLIA) is pleased to announce that it has commenced production of gold and silver concentrate at its wholly owned Merritt Mill, located approximately 15 km from Merritt, British Columbia. In a press release dated July 18, 2024, Nicola announced the processing of a bulk sample from Talisker Resources Ltd. (TSX: TSK) (OTCQX: TSKFF) (“Talisker”). The current press release marks the transition to a long-term production plan.
Following extensive upgrades – including automation, gravity separation, and water recirculation systems that underscore the Company’s commitment to environmental stewardship – Nicola is well-positioned to become a leading processing center for high-grade gold and silver in British Columbia. Aside from Talisker, Nicola has also partnered with Blue Lagoon Resources (CSE: BLLG) (OTCQB: BLAGF) (FWB: 7BL) and is preparing to commence bulk sample production at the Dominion Creek Gold Project, in which Nicola holds a 75% economic interest.
Receipt of Ore from Talisker via Stromsten Enterprises
On July 7, 2025, Talisker announced that approximately 3,100 tonnes of high-grade gold ore from the Mustang project are scheduled to be delivered to Nicola’s Merritt Mill (also known as the Craigmont Mill) for processing.
Talisker is currently actively developing the 1060, 1075, 1105 and 1120 levels. Development of the BK vein on the 1075 level and the BK and BK9870 veins on the 1105 level is underway.
Talisker has also commenced longhole drilling to prepare for the mining and extraction of the first stope, with extraction scheduled to commence this week.
Peter Espig, CEO of Nicola Mining Inc., said: “We are pleased to have commenced long-term production together with Talisker and appreciate the significant achievements recorded to date. Securing mining permits, raising capital, and implementing a mining plan require passionate commitment. Nicola’s ability to sign multiple agreements underscores the strategic importance of our M-68 mining permit, as well as British Columbia’s increased commitment to promoting well-managed mining projects.”
Qualified Person
Cameron Lilly, P. Eng., Mill Manager of the Company, is the Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. He has supervised the preparation of, and has reviewed and approved the technical information in this press release.
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the TSX-V Exchange and the Frankfurt Exchange that maintains 100% ownership of a mill and tailings facility near Merritt, British Columbia. It has signed Mining and Milling Profit Sharing Agreements with high grade gold projects. Nicola’s fully-permitted mill can process both gold and silver using gravity and flotation processes.
The Company owns all the shares and rights to the New Craigmont Project, a high-grade copper property that covers an area of over 10,800 hectares along the southern end of the Guichon Batholith and borders Highland Valley Copper, Canada’s largest copper mine. The Company also owns 100% of the Treasure Mountain property, which comprises 30 mineral claims and one mineral lease and covers an area of over 2,200 hectares.
For the Board of Directors
“Peter Espig”
Peter Espig
CEO & Director
For further information, please contact:
Contact: Peter Espig
Tel: (778) 385-1213
Email: info@nicolamining.com
URL: www.nicolamining.com
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