Nicola Mining Inc. reported a material increase in throughput of high-grade gold and silver mill feed sourced from its partnership with Blue Lagoon Resources at the Dome Mountain Gold Project. The company has transitioned its fully permitted Merritt Mill to a flotation-only recovery circuit to better process sulphide-hosted mineralization, enhance metallurgical recoveries and improve concentrate grades.
The strategic shift to a flotation-only circuit represents a significant operational optimization for Nicola Mining. This change is specifically designed to handle sulphide-hosted mineralization more effectively, which typically requires different processing approaches than oxide ores. The high-grade gold-silver flotation concentrate produced through this enhanced process is being sold to Ocean Partners UK Limited, creating a direct revenue stream from the mill's operations.
Beyond the mill improvements, Nicola Mining announced continued underground development at Dome Mountain, indicating ongoing progress at the source of the mill feed. The company has also begun equipment procurement for planned bulk sample extraction at its Dominion Gold Project, with operations scheduled to begin in July 2026. This forward-looking preparation demonstrates Nicola's commitment to advancing multiple projects simultaneously while maintaining current operations.
A significant corporate development highlighted in the announcement is the company's objective to pursue a planned first-quarter 2026 NASDAQ uplisting. This move from the TSX Venture Exchange to a major U.S. exchange would provide increased visibility, potentially broader investor access, and enhanced liquidity for the company's shares. The uplisting timeline suggests Nicola is executing a multi-year strategy to position itself for growth.
Nicola Mining maintains a 100% owned mill and tailings facility near Merritt, British Columbia, which provides the company with critical processing infrastructure. The company has signed Mining and Milling Profit Share Agreements with high-grade gold projects, creating a business model that leverages its milling capacity. The fully permitted mill can process both gold and silver mill feed via gravity and flotation processes, offering operational flexibility.
The company's asset portfolio includes 100% ownership of the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith. This property is adjacent to Highland Valley Copper, Canada's largest copper mine, suggesting geological potential in a proven mining district. Nicola also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares.
For investors seeking additional information, the latest news and updates relating to Nicola Mining are available in the company's newsroom at https://ibn.fm/HUSIF. The full press release detailing these developments can be viewed at https://ibn.fm/f9oH4. These announcements come as the company positions itself for both operational growth and corporate development through strategic partnerships, mill optimization, and planned exchange uplisting.
