Nicola Mining Inc. has announced a $1 million strategic non-brokered private placement from Ocean Partners UK Limited. The investment is intended to bolster the company's financial position as it prepares for a planned uplisting to the NASDAQ stock exchange in the first quarter of 2026.
Under the terms of the offering, Ocean Partners has agreed to purchase up to 1,111,112 units at a price of $0.90 per unit, generating gross proceeds of up to $1 million. Each unit consists of one common share of Nicola Mining and one transferable warrant. The warrant is exercisable at $1.10 per share for a period of three years. The transaction is subject to customary closing conditions and requires approval from the TSX Venture Exchange, where Nicola Mining is currently listed under the symbol NIM. The company is also listed on the Frankfurt Stock Exchange (FSE: HLIA) and the OTCQB Venture Market (OTCQB: HUSIF).
The strategic nature of this investment from Ocean Partners is significant for Nicola Mining as it provides capital without the typical costs associated with brokered offerings. This capital infusion directly strengthens the company's balance sheet, a critical factor for meeting the more stringent financial and liquidity requirements for listing on a major U.S. exchange like NASDAQ. A successful uplist would provide Nicola Mining with access to a larger, more liquid pool of institutional and retail investors in the United States, potentially enhancing its share valuation and corporate profile.
Nicola Mining's operational assets provide context for the investment. The company owns a fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing gold and silver ore. Its primary development asset is the 100%-owned New Craigmont Project, a high-grade copper property covering 10,913 hectares adjacent to Teck Resources' Highland Valley Copper mine, the largest copper mine in Canada. The company also wholly owns the Treasure Mountain Property, a significant land package exceeding 2,200 hectares. This combination of processing infrastructure and exploration assets forms the foundation of its business strategy.
The announcement underscores a vote of confidence from a strategic partner during a pivotal period for the company. For investors and the mining sector, this move highlights the ongoing capital formation activities within the junior mining space and the importance of strategic partnerships in funding growth and achieving key corporate milestones like exchange uplistings. Further details on the private placement are available in the company's official news release. Investors can also monitor ongoing developments through the company's dedicated newsroom.
