Nicola Mining Announces Closing of over-Allotment Option IN Public Offering
NASDAQ: NICM
TSX.V: NIM
FSE: HLIA
NICOLA MINING ANNOUNCES CLOSING OF OVER-ALLOTMENT OPTION IN PUBLIC
OFFERING
VANCOUVER, BC, April 17, 2026 – Nicola Mining Inc. (the “Company” or “Nicola”) (NASDAQ: NICM)
(TSX.V: NIM) (FSE: HLIA) today announced that it has issued an additional 139,534 American
Depositary Shares (“ADSs”) at the public offering price of US$6.45 per share, for total gross proceeds
of approximately US$900K pursuant to the partial exercise of the underwriters’ over-allotment option in
connection with Nicola’s previously announced public offering of ADSs and warrants. The over-allotment
has now been fully exercised, and the total number of securities sold by Nicola in the public offering (the
“Offering”) was 1,069,767 ADSs and warrants to purchase up to 1,069,767 ADSs, gross proceeds were
approximately US$6.9 million.
Maxim Group LLC acted as sole book-running manager for the Offering.
The Offering was made pursuant to an effective shelf registration statement on Form F-10 (File No.
333-293048) previously filed with the U.S. Securities and Exchange Commission (the “SEC”) and
became effective on January 29, 2026. Nicola may offer and sell securities in both the United States
and other jurisdictions outside of Canada. No securities were offered or sold to Canadian purchasers
under the Offering. A final prospectus supplement and accompanying prospectus relating to the
Offering and describing the terms thereof was filed with the SEC and forms a part of the effective
registration statement and is available on the SEC’s website at www.sec.gov. Copies of the final
prospectus supplement and accompanying prospectus may be obtained by contacting Maxim Group
LLC, at 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, or by
telephone at (212) 895-3745 or by email at [email protected]. The final prospectus
supplement is available for free on the SEC's webs ite at www.sec.gov and is also available on the
Company's profile on the SEDAR+ website at www.sedarplus.ca.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities,
nor shall there be any sale of these securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or qualification under the securities laws
of any such state or other jurisdiction.
About Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the Nasdaq Capital Market, TSX Venture
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 BC-
based 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 property that hosts historical high-grade
copper mineralization and covers an area of over 10,800 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, whic h includes 30 mineral claims and a mineral lease,
spanning an area exceeding 2,200 hectares.
On behalf of the Board of Directors
“Peter Espig”
Peter Espig
CEO & Director
For additional information
Contact: Peter Espig
Phone: (778) 385-1213
Email: [email protected]
FORWARD-LOOKING STATEMENTS
This news release contains “forward-looking statements” within the meaning of applicable securities
laws. All statements, other than statements of present or historical facts, are forward-looking statements.
Forward-looking statements are based upon certain assumptions and other key factors that, if untrue,
could cause actual results to be materially different from future results expressed or implied by such
statements. Key assumptions upon which the Company’s forward-looking information is based include,
without limitation, that required regulatory approvals and authorizations (including approvals, if any, of
applicable stock exchanges and securities regulatory authorities) will be obtained in a timely manner;
that the depositary and other service providers will be able to perform as contemplated; and that there
will be no material adverse change in the Company’s business, financial condition or prospects.
Forward-looking statements involve known and unknown risks, uncertainties, and assumptions and
accordingly, actual results could differ materially from those expressed or implied in such statements.
Such risks and uncertainties include, without limitation: the risk that the Company may be unable to
satisfy applicable regulatory requirements. Inve stors are cautioned not to place undue reliance on
forward-looking statements.
There can be no assurance that forward-looking statements will prove to be accurate, and even if events
or results described in the forward-looking statement s are realized or substantially realized, there can
be no assurance that they will have the expected consequences to, or effects on, Nicola. Investors are
cautioned against attributing undue certainty to forward-looking statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS
THE EXPECTATIONS OF NICOLA AS OF THE DATE OF THIS PRESS RELEASE AND,
ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE
UNDUE IMPORTANCE ON FORWARD- LOOKING INFORMATION AND SHOULD NOT RELY UPON
THIS INFORMATION AS OF ANY OTHER DATE. WHILE NICOLA MAY ELECT TO, IT DOES NOT
UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A
RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN
ACCORDANCE WITH APPLICABLE LAWS.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.