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. Mill feed extraction is 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, which is 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. These include 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 highlighted that the Dominion project has demonstrated strong mineralization, with vein systems open in all directions and grades of up to 113 grams of gold per tonne. The project’s potential to become a significant source of high-grade mill feed could support future cash flow growth. For more details, the full press release is available at https://ibn.fm/AWGFu.
Nicola Mining is a junior mining company that maintains a 100% owned mill and tailings facility near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high-grade gold projects. The company’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.
In addition to the Dominion project, Nicola owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares 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 over 2,200 hectares.
The commencement of extraction at Dominion represents a key milestone for Nicola, potentially transforming the company’s cash flow profile. For leaders in the mining and technology sectors, this development underscores the importance of fully permitted processing infrastructure in de-risking production. Nicola’s ability to process material from third-party projects through its Merritt Mill also positions it as a strategic partner for other junior miners in British Columbia.
The latest news and updates relating to NICM are available in the company’s newsroom at https://ibn.fm/NICM.
