Nicola Mining Inc. reported a material increase in throughput of high-grade gold and silver mill feed sourced from its partnership with Blue Lagoon Resources at the Dome Mountain Gold Project. The company has transitioned its fully permitted Merritt Mill to a flotation-only recovery circuit to better process sulphide-hosted mineralization, enhance metallurgical recoveries and improve concentrate grades. This operational shift represents a strategic move to optimize the processing of specific ore types. The high-grade gold-silver flotation concentrate produced is being sold to Ocean Partners UK Limited, creating a revenue stream from the mill's operations. The increased throughput from the Blue Lagoon partnership directly contributes to the mill's utilization and financial performance.
Concurrently, Nicola Mining announced continued underground development activities at the Dome Mountain project. The company is also progressing with equipment procurement for a planned bulk sample extraction at its Dominion Gold Project, with operations scheduled to commence in July 2026. These parallel developments indicate a multi-project strategy aimed at building a pipeline of mineral feed for the Merritt Mill. A significant corporate objective reiterated in the announcement is the pursuit of a planned first-quarter 2026 NASDAQ uplisting. Achieving increased and efficient mill throughput is a fundamental operational metric that can support such a transition to a larger U.S. exchange, potentially enhancing liquidity and investor profile.
The company's operational base includes its 100% owned Merritt Mill and tailings facility in British Columbia. Nicola Mining also maintains full ownership of the New Craigmont Project, a high-grade copper property covering 10,913 hectares adjacent to Canada's largest copper mine, Highland Valley Copper. Its portfolio further includes the 100% owned Treasure Mountain Property, spanning over 2,200 hectares. The latest news and updates relating to the company are available in its newsroom at https://ibn.fm/HUSIF. The full details of the recent announcement can be viewed at https://ibn.fm/f9oH4.
The reported increase in mill throughput is not merely an isolated production figure. It demonstrates the effective execution of the company's partnership model and its ability to adapt mill processes for specific ore types. Successful mill operations provide the foundational cash flow and operational credibility that support broader corporate ambitions, including advancing other owned projects and achieving a major exchange listing. For stakeholders, these developments signal progress on key operational and strategic fronts central to the company's growth trajectory.
