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The latest announcement is out from Nicola Mining ( (TSE:NIM) ).
Nicola Mining Inc. has upsized its previously announced non-brokered private placement to $4.9 million, issuing 5,444,444 units at $0.90 per unit, each comprising one common share and one transferable warrant exercisable at $1.10 for three years, subject to potential acceleration. The financing, which has attracted strong support from existing shareholders and new institutional investors, will fund the purchase and installation of additional milling equipment, including a secondary ball mill and cleaner flotation cells, to expand processing capacity to roughly 500 tonnes per day and improve plant reliability, underscoring the company’s focus on scaling its processing operations and enhancing operational resilience.
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 that owns a fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing gold and silver via gravity and flotation. The company has profit-sharing mining and milling 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 property in British Columbia.
Average Trading Volume: 127,379
Technical Sentiment Signal: Buy
Current Market Cap: C$211.2M
For a thorough assessment of NIM stock, go to TipRanks’ Stock Analysis page.