The Canadian commodity company Nicola Mining (WKN A3D3LF / TSXV NIM) has applied for admission to the Nasdaq Capital Market and simultaneously announced its intention to list its common shares in the USA under the ticker symbol “NICM”. The company is currently listed on the TSX Venture Exchange and in Frankfurt and aims to expand its presence in the world’s largest capital market with this step.
A timeline for the planned listing was not specified; the undertaking is subject to the approvals of the exchange and the relevant regulatory authorities.
With this move to the USA, Nicola Mining aims to gain access to a broader investor base and potentially higher liquidity for its shares. Uplisting processes of this kind typically involve a formal review of the exchange’s reporting, corporate governance, and minimum requirements. The company indicated that the application has been submitted; further details will follow once the corresponding approvals are available.
Base Prospectus Creates Scope for up to CAD 10 Million
Parallel to the listing plans, Nicola Mining submitted a Preliminary Short Form Base Shelf Prospectus to the securities regulators in Ontario, Alberta, and British Columbia on October 7, 2025. Upon receipt of the acknowledgment for the Final Shelf Prospectus, the company could offer “Qualified Securities” totaling up to CAD 10 million over a period of up to 25 months. The prospectus framework includes preferred shares, debentures, warrants, subscription rights, and common shares – individually or in combination. Specific issuance terms or amounts have not been determined.
Important: Until the Canadian authorities have acknowledged the Final Shelf Prospectus, no securities may be offered or sold. The use of a base prospectus is common practice in Canada, as it allows companies to expedite the review process and implement subsequent issuances more quickly via a prospectus supplement. An additional aspect: securities issued on the basis of a shelf supplement are not subject to a mandatory four-month holding period in Canada.
Nicola Mining: Mill, Projects, and Location in British Columbia
Nicola Mining wholly owns and operates an approved processing plant near Merritt, British Columbia. The mill can process gold and silver material using gravity and flotation. Additionally, the company maintains mining and milling profit-sharing agreements with high-grade gold projects, through which third-party ore can be processed in exchange for a share of the proceeds.
The project portfolio also includes two wholly-owned properties in Southern British Columbia:
- New Craigmont Project (Copper): The area of over 10,800 hectares is located at the southern end of the Guichon Batholith and borders Highland Valley Copper, Canada’s largest copper mine. New Craigmont is considered a high-grade copper project with historical production in close proximity to existing infrastructure.
- Treasure Mountain Property: 30 mineral claims plus one mineral lease totaling over 2,200 hectares. The area is regionally known for silver, lead, and zinc mineralization and complements the copper profile of New Craigmont.
With the combination of a processing-ready mill and its own exploration areas, Nicola Mining positions itself along the value chain between ore acceptance from partners and the further development of its own assets. Its location in an established mining region with road access and a service network reduces logistical hurdles for seasonal field programs and material delivery to the mill.
Next Steps
For investor communication and capital market access, the two measures – Nasdaq listing and base prospectus – could work together: a US listing provides reach and visibility, while the shelf framework creates financial flexibility for future project deployments. However, both processes are subject to regulatory reviews and conditions.
In the short term, further formal steps are expected: the Nasdaq listing requires final approval, including the allocation of the planned ticker symbol “NICM”. For the shelf process, following the preliminary document, the issuance of the Final Shelf Prospectus by the Canadian regulatory authorities is pending. Only then – depending on the company’s needs and market environment – can individual financing instruments be placed via a prospectus supplement.
Conclusion: With the targeted US listing and the submission of a base prospectus, Nicola Mining gains more strategic options in the capital market. In parallel, the operational profile, with its mill in Merritt and the New Craigmont and Treasure Mountain projects in British Columbia, remains a promising core of the company.
