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Nicola Mining ( (TSE:NIM) ) has provided an update.
Nicola Mining Inc. has secured a $1 million strategic non-brokered private placement from Ocean Partners UK Limited, issuing 1,111,112 units at $0.90 each, with accompanying warrants exercisable at $1.10 for three years, to bolster its balance sheet ahead of a planned NASDAQ uplisting in the first quarter of 2026. The financing, subject to TSX Venture Exchange approval and standard hold periods, will be used for general working capital and underscores growing institutional support as the company advances its mining assets; Nicola also strengthened its capital markets expertise by appointing Blue Sail Capital founder Rahim Kassim-Lakha as Strategic Advisor, signaling a more aggressive push on corporate development and funding strategies.
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.
Nicola Mining’s overall stock score reflects significant financial challenges, with negative equity and declining cash flows being major concerns. However, positive corporate events and technical indicators provide some optimism for future growth. The valuation remains unattractive due to ongoing losses and lack of dividends.
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. It owns a fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing gold and silver via gravity and flotation, and has Mining and Milling Profit Share Agreements with high-grade gold projects. The company holds 100% interests in the New Craigmont high-grade copper project adjacent to Canada’s largest copper mine, Highland Valley Copper, and in the fully permitted Treasure Mountain high-grade silver property in British Columbia.
Average Trading Volume: 114,572
Technical Sentiment Signal: Buy
Current Market Cap: C$215.4M
See more insights into NIM stock on TipRanks’ Stock Analysis page.