Nicola Mining Inc. has announced a $1 million strategic non-brokered private investment from Ocean Partners UK Limited. The company stated the funds will strengthen its balance sheet as it prepares for a planned NASDAQ uplisting in the first quarter of 2026. Under the offering, Ocean Partners has agreed to purchase up to 1,111,112 units at $0.90 per unit for gross proceeds of up to $1 million. Each unit consists of one common share and one transferable warrant exercisable at $1.10 per share for three years, subject to customary conditions and TSX Venture Exchange approval.
This investment is significant as it provides crucial capital ahead of a major corporate milestone. The planned uplisting to NASDAQ represents a substantial step for the junior mining company, potentially increasing its visibility, liquidity, and access to a broader pool of institutional investors in the United States. A successful uplisting often correlates with enhanced market valuation and credibility within the mining sector.
Nicola Mining maintains a 100% owned mill and tailings facility near Merritt, British Columbia. The fully permitted mill can process both gold and silver mill feed via gravity and flotation processes. The company has signed Mining and Milling Profit Share Agreements with high-grade gold projects, leveraging this infrastructure for revenue. Its asset portfolio includes the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith, adjacent to Highland Valley Copper, Canada's largest copper mine. The company also wholly owns the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares.
The strategic nature of the investment from Ocean Partners, a notable player in the metals trading and mining finance sector, underscores confidence in Nicola Mining's operational assets and its growth trajectory. For investors and the mining industry, this move highlights the ongoing capital formation activities necessary for junior miners to advance projects and execute corporate strategies. The capital infusion ahead of the uplisting attempt mitigates financial risk and positions the company more favorably for the rigorous listing requirements and subsequent market scrutiny of a major U.S. exchange.
The broader implication is that successful financings and uplistings can attract further investment into the mining sector, particularly for companies with defined assets and revenue-generating potential like Nicola. Market participants can track developments relating to the company in its newsroom at https://ibn.fm/HUSIF. The full details of the financing arrangement are available in the official press release, which can be viewed at https://ibn.fm/0kYyj.
