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Nicola Mining to Commence Gold and Silver Production
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2025) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) (the "Company" or "Nicola") is pleased to announce that has started receiving gold / silver ore from Talisker Resources Inc. and is currently undergoing pre-production adjustment. The modern $33.0 million plus milling and processing facility, which is located near Merritt, British Columbia, has undergone numerous upgrades in 2H 20241.
Production at the modern facility, which is constructed on free-hold industrial-zone land owned 100% by the Company, is expected to ramp up and reach full capacity in Q3. The Company has also commenced the process of applying for an amendment to its permit, for the purpose of increasing mill throughput.
Nicola's Merritt Mill is the only facility in the Province of British Columbia permitted to accept third party gold and silver mill feed from throughout the province.
Talisker Resources Ltd.
Nicola and Talisker have recently entered into a new Milling Agreement and the latter has commenced transportation of high grade gold/silver ore to Nicola's mill site. Nicola had previously
announced that it and Talisker had signed a Milling Agreement2 on July 18, 2024. Nicola and Talisker have
commenced working with Ocean Partners UK Limited3 on the sale of gold and silver concentrate.
Ore from Talisker's Bralorne Mine
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/252869_b7af7d52346f38ab_001 ...
Nicola Mining's Merritt Mill
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4873/252869_b7af7d52346f38ab_002 ...
Blue Lagoon Resources
Nicola continues to work closely with Blue Lagoon Resources ("Blue Lagoon") and has participated in all tranches of the latter's recent private placement. In a previous capital round, Blue
Lagoon announced that Nicola had subscribed for 7,142,857 shares. The Company will participate in Blue Lagoon's
official opening of the latter's Dome Mountain Mine on July 9th, 2025, and is completing final preparations to accept Dome's high-grade gold / silver ore, thereafter.
Dominion Gold / Silver Bulk Sample
Nicola announced on March 12, 2025 that it has received the Final Permit ("Final Permit[1]") to complete a bulk sample[2] at its
Dominion Creek Mineral Project ("Dominion"), a high grade gold and silver project, of which Nicola owns a 75% economic interest. Preparation has been initiated to mobilize equipment and begin
mining activities in July of 2025.
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