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Nicola Mining ( (TSE:NIM) ) has issued an announcement.
Nicola Mining Inc. has upsized its previously announced non-brokered private placement from $1 million to $3 million, driven by strong demand from existing shareholders and new institutional investors. The financing, structured as units comprising common shares and three-year warrants, will fund the purchase and installation of additional milling equipment, including a secondary ball mill and cleaner flotation cells, to expand processing capacity to about 500 tonnes per day, upgrade critical infrastructure, and acquire key spare parts to reduce maintenance downtime. Management says the expansion will allow the company to better capitalize on strong precious metal prices, lower unit production costs, and support continued processing of high-grade material, reinforcing its strategy of disciplined growth and long-term value creation at its British Columbia operations, subject to regulatory approvals.
The most recent analyst rating on (TSE:NIM) stock is a Hold with a C$0.98 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 operates a 100%-owned, fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing gold and silver mill feed via gravity and flotation. The company has Mining and Milling Profit Share Agreements with high-grade gold projects and owns 100% of the New Craigmont high-grade copper project adjacent to Canada’s largest copper mine, as well as the fully permitted Treasure Mountain high-grade silver property in British Columbia.
Average Trading Volume: 116,023
Technical Sentiment Signal: Buy
Current Market Cap: C$207M
See more data about NIM stock on TipRanks’ Stock Analysis page.