Nicola Mining Inc. (TSXV: NIM) (FSE: HLIA) (OTCQB: HUSIF) has announced an additional $1 million strategic non-brokered private investment from Ocean Partners UK Limited. The company stated that this 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.
This investment comes as Nicola Mining positions itself for a major exchange upgrade. 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. Its fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.
Nicola Mining also owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith, adjacent to Highland Valley Copper, Canada's largest copper mine. Additionally, the company owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares.
The strategic investment from Ocean Partners UK Limited underscores confidence in Nicola Mining's growth trajectory and its ability to execute its business plan. The funds will be used to advance the company's projects and support its uplisting efforts.
For more details, the full press release is available at https://ibn.fm/0kYyj.
