Nicola Mining (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) a junior exploration company with near-term cash flow and district-scale copper potential, has been initiated with an Outperform rating and a price target of C$0.70 (US$0.50). The coverage highlights Nicola’s diversified asset base, including its flagship New Craigmont Copper Project, the high-grade Treasure Mountain silver-lead-zinc mine, and a 75% economic interest in the Dominion Creek gold project.
The company also owns 100% of the only mill in British Columbia permitted to receive and process third-party material, generating revenue through its Merritt Mill, sand/gravel pit, and rock quarry. This infrastructure provides cash flow to support operations and exploration without dilutive equity issuance.
New Craigmont is located in the prolific Quesnel Trough and borders Teck Resources’ Highland Valley Copper Mine. The site includes the historic Craigmont mine, which produced 900 million pounds of copper between 1961 and 1982 at an average grade of 1.28%.
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About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high grade gold projects. Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.
The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of 10,913 hectares along the southern end of the Guichon Batholith and is 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 an area exceeding 2,200 hectares.
For more information, visit the company’s website at https://nicolamining.com/
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