Curated News
By: NewsRamp Editorial Staff
September 17, 2025
Nicola Mining Secures 5-Year Lease Extensions for New Craigmont Copper Project
TLDR
- Nicola Mining secured five-year mining lease extensions, positioning it advantageously near Canada's largest copper mine for potential accelerated operations.
- The extensions cover 10,800 hectares and existing permits streamline the transition from exploration to operations while maintaining environmental commitments.
- This development supports sustainable copper production, essential for green technologies and economic growth in local communities.
- Nicola Mining's New Craigmont was Canada's highest-grade historic copper mine, now revived with extended leases for modern exploration.
Impact - Why it Matters
This development matters because copper is a critical mineral essential for renewable energy infrastructure, electric vehicles, and global decarbonization efforts. With copper demand projected to surge significantly in coming years, securing mining leases for high-grade deposits near existing operations reduces development risks and accelerates production timelines. For investors and the mining industry, this represents potential increased copper supply from a strategically located Canadian asset, contributing to North American mineral security and supporting the transition to clean energy technologies.
Summary
Nicola Mining Inc. (TSXV: NIM, FSE: HLIA, OTCQB: HUSIF) has secured significant mining lease extensions from the Ministry of Mining and Critical Minerals, receiving six five-year extensions (237642 to 237647) for its wholly owned New Craigmont Property. This strategic development covers the company's expansive 10,800-hectare project adjacent to Teck Resources Ltd.'s Highland Valley Copper, Canada's largest copper mine, which happens to be the site of Canada's highest-grade historic copper mine. CEO Peter Espig emphasized that these extensions, combined with existing permits, position the company to accelerate its transition from exploration toward potential operations while maintaining its commitment to environmental stewardship and community consultation.
The company operates as a junior mining entity with a fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing both gold and silver through gravity and flotation processes. Beyond the New Craigmont Project, Nicola Mining also owns the Treasure Mountain Property, comprising 30 mineral claims and a mineral lease spanning over 2,200 hectares. The company's progress and updates are available through the InvestorBrandNetwork, which provides comprehensive corporate communications solutions and press release syndication services to enhance market visibility and investor engagement.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Nicola Mining Secures 5-Year Lease Extensions for New Craigmont Copper Project
