Nicola Mining Inc. has announced an additional $1 million strategic non-brokered private investment from Ocean Partners UK Limited. The company stated the investment will strengthen its balance sheet as it prepares for a planned NASDAQ uplisting in the first quarter of 2026. Under the offering, Ocean Partners has agreed to purchase up to 1,111,112 units at $0.90 per unit for gross proceeds of up to $1 million. Each unit consists of one common share and one transferable warrant exercisable at $1.10 per share for three years, subject to customary conditions and TSX Venture Exchange approval.
The strategic investment comes as Nicola Mining positions itself for growth and increased market visibility through the planned NASDAQ listing. The company maintains a 100% owned mill and tailings facility near Merritt, British Columbia, and 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, providing operational flexibility and revenue potential from third-party ore processing.
Nicola Mining's asset portfolio includes 100% ownership of the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith. The property is adjacent to Highland Valley Copper, Canada's largest copper mine, providing strategic positioning in a proven mining district. 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.
The investment from Ocean Partners represents a vote of confidence in Nicola Mining's development strategy and asset base as the company works toward its NASDAQ uplisting timeline. The additional capital will support the company's operational and corporate development initiatives during this transitional period. The full details of the investment agreement are available in the official press release at https://ibn.fm/0kYyj.
The planned NASDAQ uplisting represents a significant milestone for Nicola Mining, potentially providing access to deeper capital markets and increased institutional investor interest. The company's diversified asset base, including its milling operations and copper and gold properties, positions it to capitalize on favorable commodity markets while pursuing its growth objectives. The strategic investment from Ocean Partners provides financial flexibility as the company navigates the uplisting process and continues to advance its mining projects in British Columbia.
