Nicola Mining Announces Warrant Expiry Accleration
Nicola Mining Announces Warrant Expiry
Accleration
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2025) - Nicola Mining Inc. (
TSXV: NIM
) (
FSE:
HLIA
)
(OTCQB: HUSIF)
, (the "
Company
" or "
Nicola
") today that it is electing to accelerate the expiry
of outstanding common share purchase warrants of the Company originally issued under financings
completed on February 25, 2025 (the "
Financings
") exercisable at C$0.40 per common share
(collectively, the "
Warrants
").
Pursuant to the terms of the Warrants, the Company may accelerate the expiry date of the Warrants if the
closing price of the Company's common shares on the TSX Venture Exchange (the "
TSXV
") equals or
exceeds C$0.60 for 10 consecutive trading days (the "
Acceleration Period
"), to the date which is 30
days following the dissemination of a news release announcing the acceleration. As the closing price of
the Company's common shares has equaled or exceeded C$0.60 per share over each of the last 10
trading days ended July 21, 2025, on the TSXV, it hereby provides notice of the Acceleration Period in
accordance with the terms of the Warrants. The Company is exercising its right to accelerate the expiry
of the Warrants originally issued under the Financings to 5:00 p.m. (Toronto Time) on August 20, 2025
(the "
Accelerated Expiry Date
"). Any Warrants remaining unexercised after the Accelerated Expiry
Date will expire and be of no force and effect.
Proceeds from the exercise of the Warrants will be used for general working capital purposes, which
may include funding exploration and milling activities.
Mr. Peter Espig, CEO of Nicola Mining Inc., commented, "The warrant expiry acceleration is
representative of the Company's successful execution of multiple milestones, which is reflected in our
share price. Nicola is experiencing a confluence of events via gold and silver production and exploration
at New Craigmont, both of which we will continue to provide updates."
None of the securities sold in connection with the Offering will be registered under the United
States Securities Act of 1933, as amended, and no such securities may be offered or sold in
the United States absent registration or an applicable exemption from the registration
requirements. This news release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
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 10,800 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, which 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: Bill Cawker
Phone: (604) 649 0080
Email:
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.
Not for distribution to United States newswire services or for release publication, distribution or
dissemination directly, or indirectly, in whole or in part, in or into the United States.
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/259389