Nicola Mining Clarifies Private Placement Terms and Strategic Financial Move

Nicola Mining ( (TSE:NIM) ) just unveiled an announcement.

Nicola Mining Inc. has clarified the terms of its non-brokered private placement, which closed on March 12, 2025. The company issued 4,038,955 units, generating gross proceeds of $1,130,907.40, with net proceeds after fees totaling $1,067,080. Each unit consists of one common share and one-half of a transferable share purchase warrant. The proceeds from this offering are intended for general working capital, potentially impacting the company’s operational flexibility and financial health.

More about Nicola Mining

Nicola Mining Inc. is a junior mining company listed on the TSX Venture Exchange and Frankfurt Exchange. It operates a 100% owned mill and tailings facility near Merritt, British Columbia, and has agreements with high-grade gold projects. Nicola’s mill processes gold and silver through gravity and flotation methods. The company owns the New Craigmont Project, a high-grade copper property, and the Treasure Mountain Property, which includes multiple mineral claims and a lease.

YTD Price Performance: 13.79%

Average Trading Volume: 36,579

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$52.35M

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