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 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. The transaction is subject to customary conditions and TSX Venture Exchange approval.
Nicola Mining is a junior mining company listed on the TSX Venture Exchange and Frankfurt Exchange. The company 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 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, Nicola owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares.
This strategic investment from Ocean Partners underscores confidence in Nicola Mining's operations and future growth prospects. The funds are expected to support the company's advancement toward a NASDAQ listing, which could enhance its visibility and access to capital markets. The uplisting to NASDAQ is a significant milestone that may attract a broader investor base and provide greater liquidity for shareholders.
For more details, the full press release is available at https://ibn.fm/0kYyj. Latest news and updates relating to HUSIF can be found in the company's newsroom at https://ibn.fm/HUSIF.
