Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) announced it is in the final stages of preparation to commence gold and silver extraction operations at its Dominion Gold Project in British Columbia, with mill feed extraction expected to begin during the first week of July. Material from the high-grade project will be processed at the company’s wholly owned Merritt Mill, the only fully permitted milling facility in British Columbia authorized to process gold and silver material from across the province.
In preparation for production, Nicola has completed several key infrastructure and operational initiatives, including installation of a 14-person operational camp, acquisition of mining equipment and hiring of operational crews and contractors. The company also strengthened its reclamation profile with an additional $251,000 payment toward reclamation bonding requirements. Management said Dominion has demonstrated strong mineralization with vein systems open in all directions and grades of up to 113 grams of gold per tonne, while highlighting the project’s potential to become a significant source of high-grade mill feed and support future cash flow growth.
The Dominion Project's advancement marks a critical step for Nicola Mining as it seeks to leverage its unique infrastructure. The Merritt Mill, being the only fully permitted mill of its kind in British Columbia, positions the company to process material not only from its own projects but potentially from other high-grade gold and silver deposits across the province. This could provide a strategic advantage in a region with significant mining activity.
The implications for the mining industry are noteworthy. Nicola's ability to bring a high-grade project into production quickly, using existing permitted infrastructure, demonstrates an efficient model for mineral processing. The grades reported, up to 113 grams per tonne, are exceptionally high, suggesting the Dominion project could be a substantial contributor to gold supply. For investors, the start of extraction could signal near-term revenue generation and cash flow, which is critical for junior mining companies. The additional reclamation bonding payment also indicates a commitment to environmental stewardship, which may appeal to ESG-focused investors.
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 10,913 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.
For more information, the full press release is available at https://ibn.fm/AWGFu. The latest news and updates relating to NICM are available in the company’s newsroom at https://ibn.fm/NICM.
