Nicola Mining Inc. (NASDAQ: NICM) (TSX.V: NIM) (FSE: HLIA) has announced the pricing of its U.S. underwritten public offering of American Depositary Shares (ADSs) and accompanying warrants, aiming to raise approximately $6.0 million in gross proceeds. The offering consists of 930,233 units, each priced at $6.45, with each unit comprising one ADS representing 12 common shares and one warrant exercisable at CAD$12.2213 for a period of five years. The ADSs are expected to begin trading on the Nasdaq Capital Market on April 13, 2026, with the closing anticipated on April 14, 2026. The company has also granted underwriters a 45-day option to purchase up to an additional 139,535 ADSs and/or warrants to cover over-allotments.
Nicola Mining intends to use the net proceeds from the offering for mill expansion, capital expenditures, and working capital. This move underscores the company's commitment to enhancing its operational capabilities and financial flexibility. The offering is being conducted pursuant to an effective shelf registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission. The full press release detailing the offering is available at https://ibn.fm/Q63LB.
The significance of this announcement lies in Nicola Mining's strategic positioning as a junior mining company with a fully permitted mill and tailings facility near Merritt, British Columbia. The company owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith, adjacent to Canada's largest copper mine, Highland Valley Copper. Additionally, Nicola Mining owns the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares. These assets, combined with the proceeds from the offering, position the company for growth in the precious and base metals sectors.
Investors seeking the latest news and updates regarding Nicola Mining can access the company's newsroom at https://ibn.fm/NICM. The offering is a key step for Nicola Mining as it seeks to expand its milling capacity and advance its portfolio of mineral properties.
