Curated News
By: NewsRamp Editorial Staff
September 18, 2025
Nicola Mining Secures 5-Year Lease Extension, Launches Major Drill Program
TLDR
- Nicola Mining secured a five-year lease extension and began drilling at New Craigmont, positioning it advantageously near Canada's largest copper mine for potential gains.
- Nicola Mining extended six leases over 10,800 hectares, initiated a 4,000-5,000m drill program, and upgraded its mill to process gold and silver via gravity and flotation.
- Nicola Mining's operations and partnerships support local economies and advance sustainable resource extraction, contributing to regional development and responsible mining practices.
- Nicola Mining recently shipped 707 ounces of gold concentrate, generating $2.3 million, while exploring a high-grade copper property adjacent to Canada's largest copper mine.
Impact - Why it Matters
This development matters because it signals significant growth potential for Nicola Mining in Canada's critical minerals sector, particularly in copper production essential for renewable energy and electrification. The lease extension adjacent to Canada's largest copper mine provides strategic positioning in a proven mining district, while the successful gold shipments demonstrate operational capability. For investors, this represents potential value creation through expanded resource access and revenue generation. The mining sector's expansion also contributes to local economic development and supports global supply chains for materials crucial to clean energy transition and technological advancement.
Summary
Nicola Mining Inc. (TSX.V: NIM, FSE: HLIA, OTCQB: HUSIF) has secured a significant five-year extension for six mining leases at its New Craigmont Property, covering over 10,800 hectares adjacent to Teck Resources' Highland Valley Copper Mine, Canada's largest copper operation. The company simultaneously launched an ambitious 4,000-to-5,000-meter diamond drill program at New Craigmont on June 1, signaling aggressive exploration of this high-grade copper property. These developments position Nicola Mining strategically in one of Canada's most promising mining districts, with coverage provided by Mark Reichman, Managing Director and Equity Research Analyst at Noble Capital Markets.
Complementing these expansion efforts, Nicola recently reported shipping 707 ounces of gold concentrate through its partnership with Talisker Resources Ltd. (TSX: TSK, OTCQX: TSKFF), generating approximately US$2.3 million in gross proceeds. This operational success was supported by recent upgrades to the company's fully permitted Merritt Mill, a 100% owned facility capable of processing both gold and silver mill feed via gravity and flotation processes. The company's diversified portfolio also includes the Treasure Mountain Property, comprising 30 mineral claims and a mineral lease spanning over 2,200 hectares, further solidifying its position in the junior mining sector.
Rocks & Stocks, part of the Dynamic Brand Portfolio at IBN, provided comprehensive coverage of these developments through their specialized mining industry communications platform. Investors seeking the latest updates on HUSIF can access detailed information through the company's newsroom, while those interested in broader mining insights can leverage Rocks & Stocks' extensive distribution network that reaches thousands of outlets and millions of social media followers through enhanced press release distribution and tailored corporate communications solutions.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Nicola Mining Secures 5-Year Lease Extension, Launches Major Drill Program
