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Nicola Mining ( (TSE:NIM) ) has provided an update.
Nicola Mining Inc. has confirmed that, in connection with its recently completed non-brokered private placement of 5,512,001 units at $0.90 per unit for gross proceeds of approximately $4.96 million, it paid aggregate cash finder’s fees of about $126,588 to eligible finders. The share issuance and associated fees underline the company’s continued access to equity capital to support development of its milling operations and portfolio of copper, gold, and silver assets in British Columbia, while remaining compliant with applicable securities regulations in the jurisdictions where it operates.
The most recent analyst rating on (TSE:NIM) stock is a Hold 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 Frankfurt Exchange that owns a 100% controlled mill and tailings facility near Merritt, British Columbia, capable of processing gold and silver feed via gravity and flotation. The company has Mining and Milling Profit Share Agreements with high-grade gold projects and holds 100% interests in 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: 151,579
Technical Sentiment Signal: Buy
Current Market Cap: C$259.9M
For detailed information about NIM stock, go to TipRanks’ Stock Analysis page.