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Nicola Mining Extends Gravel Deal, Completes Treasure Mountain Drilling

Nicola Mining extends LNSS gravel agreement to 2033 and completes first drilling at Treasure Mountain Silver Project, with assays pending. Read more.

This news matters because it demonstrates Nicola Mining’s ability to secure long-term revenue streams through the LNSS agreement while simultaneously advancing its exploration portfolio. The gravel extraction extension provides steady royalty income and strengthens ties with Indigenous partners, which is increasingly important for mining projects in Canada. The completed drilling at Treasure Mountain could lead to a significant silver discovery, potentially adding substantial value to the company. Furthermore, pending assay results from both Treasure Mountain and New Craigmont could serve as near-term catalysts for the stock. For investors, these developments highlight Nicola’s dual focus on cash-flowing assets and high-potential exploration, positioning it well in the junior mining sector. The news also reflects broader trends of Indigenous economic participation and responsible resource development in British Columbia.