Nicola Mining Inc. is positioning itself for significant growth in the mining sector by preparing to restart its fully permitted mill near Merritt, British Columbia, with plans for continuous production through 2033. The company's strategic approach centers on leveraging its unique provincial industrial site designation and comprehensive permit portfolio.
CEO Peter Espig highlighted the company's six active permits covering gold, silver, copper, quarrying, and milling. This diverse permit range distinguishes Nicola Mining as Canada's only designated mining industrial site, granting province-wide processing rights for gold and silver operations.
The company's restart strategy involves multiple strategic assets, including the 100% owned New Craigmont Project, a high-grade copper property spanning 10,913 hectares adjacent to Highland Valley Copper, Canada's largest copper mine. Additionally, the Treasure Mountain Property, encompassing 30 mineral claims over 2,200 hectares, further supports the company's multi-metal growth potential.
By securing Mining and Milling Profit Share Agreements and maintaining a fully permitted mill capable of processing gold and silver through gravity and flotation methods, Nicola Mining is establishing a robust operational framework. The planned June 2025 mill restart represents a calculated move to capitalize on emerging opportunities in the mining sector.
The company's comprehensive approach—combining permitted infrastructure, diverse mineral assets, and strategic location—positions Nicola Mining to potentially deliver sustained value for investors and contribute to British Columbia's mining ecosystem.
