Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Nicola Mining ( (TSE:NIM) ) has issued an update.
Nicola Mining Inc. has closed an oversubscribed non-brokered private placement, issuing 5,512,001 units at $0.90 per unit for total gross proceeds of approximately $4.96 million, with each unit comprising one common share and a three-year warrant exercisable at $1.10. Proceeds will primarily fund upgrades and expansion of the company’s Merritt mill to increase processing capacity to about 500 tonnes per day, including new milling equipment, a secondary ball mill, additional flotation cells, and critical maintenance spares, supporting enhanced operational reliability and positioning the company to capitalize more effectively on its toll milling agreements and owned projects; the financing also included a modest related-party participation by the company’s corporate secretary under standard minority protection exemptions.
The most recent analyst rating on (TSE:NIM) stock is a Sell with a C$1.00 price target. To see the full list of analyst forecasts on Nicola Mining stock, see the TSE:NIM Stock Forecast page.
Spark’s Take on TSE:NIM Stock
According to Spark, TipRanks’ AI Analyst, TSE:NIM is a Neutral.
The score is held back primarily by weak financial performance—negative gross profit, large ongoing losses, negative equity, and renewed cash burn—despite improved revenue and sharply lower debt. Technicals are mixed but somewhat supportive, while valuation remains unattractive due to negative earnings and no dividend yield data.
To see Spark’s full report on TSE:NIM stock, click here.
More about Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the TSX Venture Exchange and the Frankfurt Exchange that owns a 100% interest in a fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing gold and silver via gravity and flotation. The company has Mining and Milling Profit Share Agreements with high-grade gold projects and holds 100% ownership of the New Craigmont high‑grade copper project adjacent to Canada’s largest copper mine, Highland Valley Copper, as well as the fully permitted Treasure Mountain high‑grade silver mine in British Columbia.
Average Trading Volume: 146,031
Technical Sentiment Signal: Buy
Current Market Cap: C$226.4M
For an in-depth examination of NIM stock, go to TipRanks’ Overview page.