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Nicola Mining Corrects Disclosure on Major Shareholder’s Ownership

Story Highlights
  • Nicola Mining corrected a prior circular that overstated Concept Capital Management’s shareholdings.
  • After share sales and debenture conversion, Concept Capital Management now holds 43,408,898 Nicola shares accurately disclosed.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nicola Mining Corrects Disclosure on Major Shareholder’s Ownership

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The latest update is out from Nicola Mining ( (TSE:NIM) ).

Nicola Mining Inc. has issued a clarification after a review by the British Columbia Securities Commission revealed an error in its June 2025 management information circular regarding the shareholdings of Concept Capital Management (CCM). The company now states that CCM’s correct ownership at that time should have been 31,165,659 common shares rather than the previously reported 38,054,331, and that following subsequent share sales and the conversion of debentures, CCM currently holds 43,408,898 shares, with insider disclosure records now confirmed as accurate.

The most recent analyst rating on (TSE:NIM) stock is a Buy with a C$1.20 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, operating a 100%-owned, fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing gold and silver ore via gravity and flotation. The company has profit-share mining and milling 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: 125,925

Technical Sentiment Signal: Buy

Current Market Cap: C$207M

For an in-depth examination of NIM stock, go to TipRanks’ Overview page.

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