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NIM.V ·

Nicola Mining Announces Flow-Through Share Private Placement

Financings

NOT

TSX.V: N

NICO

VANCO

announc

common

$350,000

Income Ta

Finders’

the TSX V

All secur

expiring

subject t

constitut

Minority

the forma

The aggr

on the C

hectares

Ltd.’s Hi

None of

States Se

United S

This ne w

shall ther

would be

On behal

“Peter Es

Peter Esp

CEO & D

T FOR DIST

NIM

OLA MININ

OUVER, B. C

e a non-br o

n shares (ea c

(the “Offer

ax Act (Cana

fees may be

Venture Exc

rities issued

four month

o the appr o

te a relate d

Security Hol

al valuation

regate gross

Company’s w

along the s

ighland Vall

the securitie

ecurities Act

tates absent

ws release s h

re be any sal

e unlawful.

lf of the Boa

pig”

pig

Director

TRIBUTION

DISSEM

G ANNOUN

C., Decembe r

okered pri v

ch, a “ Share

ring”). Each

ada). Insider

e payable in

hange (the “

in connecti

hs and one d

oval of the

d part y tra n

lders in Speci

and minorit

proceeds fr

wholly-own

southern en d

ey Copper, C

es sold in c o

of 1933, as

registration

hall not con s

le of the secu

rd of Directo

N TO UNIT

MINATION

NCES FLOW

r 13, 2019 –

vate placem e

e”) at a pr i

Share will b

rs may parti

connection

“Exchange”)

ion with th e

day after cl o

Exchange. A

nsaction un d

al Transactio

ty sharehold

rom the sale

ned New C r

d of the G u

Canada’s lar

onnection wi

amended, a

n or an appli

stitute an o f

urities in any

ors

ED STATES

IN THE UN

W-THROUG

Nicola Mi n

ent consisti n

ce of $0.10

be issued o n

icipate in the

with the Of

).

e Offering w

osing of the

Any partici p

der Multila

ons (“MI 61-

der approval

of the Offe r

raigmont Pr o

uichon Bath o

rgest copper

ith the Offe r

and no such

cable exemp

ffer to sell o

y jurisdictio

S NEWSWIR

NITED STA

GH SHARE

ning Inc. (th

ng of the i

per Share f

n a “flow-th r

e Offering.

ffering in acc

will be sub jec

Offering. C

pation b y i n

ateral Instr u

-101”) but is

l requiremen

ring will be

operty, wh i

olith and is

r mine.

ring will be

securities m

ption from th

or the solici t

n in which s

RE SERVIC

ATES

PRIVATE P

he “ Compan

issuance of

for gross p r

rough” basis

cordance wi

ct to a stat u

Completion o

nsiders in t

ument 61-1 0

expected to

nts of MI 61-

used for fu r

ich covers a

adjacent t o

registered u

may be offe r

he registrati

tation of an

such offer, so

CES OR FOR

PLACEMEN

ny”) is pleas

up to 3,5 0

roceeds of u

s pursuant t

ith the polici

utory hold p

of the Offer i

the Offerin g

01 - Protecti

o be exempt

-101.

rther explor

an area of 1

o Teck Reso

under the U

red or sold i

on requirem

offer to bu y

olicitation o

R

NT

ed to

00,000

up to

to the

ies of

eriod

ing is

g will

ion o f

from

ration

10,084

urces

United

in the

ments.

y nor

r sale

For additional information contact:

Peter Espig

Telephone: 778.385.1213

Email: [email protected]

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.

Cautionary Statement Regarding Forward-Looking Statements

This news release includes certain “forward-looking stat ements” under applicable Canadian securities legislation

that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could

cause actual results, performance, prospects, and opport unities to differ materially from those expressed or implied

by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to,

statements with respect to the expectations of manageme nt regarding the proposed Offering, the expectations of

management regarding the use of proceeds of the Offering, closing conditions for the Offering, the expiry of hold

periods for securities distributed pursuant to the Offe ring, and Exchange approval of the proposed Offering.

Although the Company believes that the expectations reflected in the fo rward-looking information are reasonable,

there can be no assurance that such expectations will prove to be correct. Such forwar d-looking statements are

subject to risks and uncertainties that may cause actual r esults, performance or developments to differ materially

from those contained in the statemen ts including that: the Company may no t complete the Offering on terms

favorable to the Company or at all; the Exchange may not approve the Offering; the proceeds of the Offering may not

be used as stated in this news release; the funds raised from the sale of the Shares may not be renounced in favour of

the Shareholders; the Company may be unable to satisfy all of the conditions to the Cl osing; and those additional

risks set out in the Company’s public documents file d on SEDAR at www.sedar. com. Although the Company

believes that the assumptions and factors used in prepar ing the forward-looking statements are reasonable, undue

reliance should not be placed on these statements, which only apply as of the date of this news release, and no

assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by

law, the Company disclaims any intention or obligation to update or revise an y forward-looking statement, whether

as a result of new information, future events, or otherwise.