Nicola Mining
Nicola Mining is a Canadian public junior mining company operating British Columbia's only mill permitted for third-party gold and silver toll processing, with integrated gold/silver concentrate production, copper and silver exploration projects, and aggregate operations via a First Nations partnership.
- Company typePublic
- Founded2011
- HeadquartersVancouver, Canada
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Nicola Mining does
Nicola Mining Inc. is a Canadian public junior mining company (NASDAQ: NICM, TSX.V: NIM, FSE: HLIA) headquartered in Vancouver, British Columbia, with operations centered on the Merritt Mill & Tailings Facility, the only mill in BC permitted to process third-party gold and silver mill feed from across the province. The company's core business model combines toll milling/profit-share processing for junior miners (including Blue Lagoon Resources, Osisko Development, and Talisker Resources) with its own gold and silver concentrate production sold through a global offtake agreement with Ocean Partners UK Limited. The mill operates at 200 tpd with an expansion to approximately 500 tpd funded and underway. Nicola also operates aggregate production (sand, gravel, rock quarry, and a ready-mix concrete plant) through a partnership with Lower Nicola Site Services (LNSS), a First Nations-affiliated entity, supplying Teck Resources' Highland Valley Mine expansion and the BC Ministry of Transport.
The company's project portfolio includes the New Craigmont Copper Project (22 mineral claims and 10 mineral leases covering 10,800+ hectares in the Guichon Batholith, with exploration drilling targeting porphyry copper systems), the Treasure Mountain Silver Project (2,200+ hectares with 4,000m of underground development on care and maintenance), and a 75% economic interest in the Dominion Creek Gold Project (1,040 hectares, with bulk sample extraction and gold production commenced in 2025–2026). Processing technology includes a flotation-only circuit optimized for sulphide-hosted mineralization, gravity jig separation and tabling for free gold recovery, XRT sorting for copper grade upgrading from historic waste dumps, and pXRF/SWIR analytics for exploration vectoring.
The company generates revenue through toll milling fees, concentrate sales, aggregate sales, and ready-mix concrete, with pricing negotiated contract-by-contract and not publicly disclosed. Capital markets have been the primary funding mechanism, including $11M+ in equity raises across December 2025 through April 2026 (Ocean Partners strategic investment, upsized private placement, and a $6M NASDAQ public offering) to fund mill expansion, exploration, and the transition to integrated gold and silver production.
Nicola Mining firmographics
Firmographics- Name
- Nicola Mining
- Legal name
- Nicola Mining Inc.
- Website
- https://nicolamining.com
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Nicola Mining is a Canadian public junior mining company operating British Columbia's only mill permitted for third-party gold and silver toll processing, with integrated gold/silver concentrate production, copper and silver exploration projects, and aggregate operations via a First Nations partnership.
- Ownership category
- akta.pro rank
Nicola Mining industry classification
Industry- Product category
- Diversified Mining and Mineral Processing
- NAICS
- Support Activities for Metal Mining (213114), Support Activities for Mining (2131), Copper, Nickel, Lead, and Zinc Mining (212230), Construction Sand and Gravel Mining (212321)
- SIC
- Metal Mining (1000), Construction, Mining & Materials Handling Machinery & Equip (3530), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)
- akta.pro primary industry
- Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul) (IMAKAKAD)
- akta.pro secondary industries
- Rock Excavation, Blasting & Quarry-Assist Works (IMAFAKAE), Tailings & Water Management Engineering (TSF Design/Construction, Dams, Water Treatment) (IMAKAOAF), Mine Construction & Development Contracting (Shaft Sinking, Tunneling, Pre-Strip, Civil Works) (IMAKAKAG)
Keywords
Where Nicola Mining is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Nicola Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Supply Chain, Personnel, Others
Revenue model
- Gold and Silver Toll Milling: Processing third-party gold and silver mill feed from mining companies at the Merritt Mill. The company charges toll milling fees and shares profits through Milling and Profit Share Agreements with partners including Blue Lagoon Resources and Osisko Development. Concentrate is sold to Ocean Partners UK Limited.
- Aggregate Sales (Sand, Gravel, Rock): Sale of construction aggregates from the gravel pit and rock quarry under tolling agreement with LNSS. Permitted for approximately 100,000 tonnes annually. Supplying Ministry of Transport for highway infrastructure and Teck's Highland Valley Mine expansion.
- Ready-Mix Concrete Production: Production and sale of ready-mix concrete from the fully completed cement plant at Merritt Mill Property, operated in partnership with LNSS.
- Capital Markets and Financing: Non-brokered private placements, public offerings, and warrant exercises to fund operations, mill expansion, and exploration. Completed $6 million public offering in April 2026 and $3 million upsized placement in January 2026.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Nicola Mining product offering
Product offeringCore offering
Nicola Mining operates the Merritt Mill & Tailings Facility near Merritt, BC, providing custom toll milling services for third-party gold and silver ore at 200 tpd capacity (expanding to 500 tpd), and produces gold and silver concentrate sold to Ocean Partners UK Limited. The company also operates aggregate operations (sand, gravel, rock quarry, ready-mix concrete plant) through its partnership with Lower Nicola Site Services Ltd., and holds three mineral exploration/development projects: New Craigmont Copper Project, Treasure Mountain Silver Project, and Dominion Creek Gold Project.
Product overview
Nicola Mining is a diversified Canadian mining company operating a portfolio of producing assets and advanced exploration projects in British Columbia. The company's core operations center on the Merritt Mill & Tailings Facility (500 tpd gold-silver processing capacity), complemented by three principal mineral projects: New Craigmont Copper Project (copper exploration with porphyry targets), Treasure Mountain Silver Project (silver-lead-zinc on care and maintenance), and Dominion Creek Gold Project (high-grade gold-silver bulk sample production). The company generates immediate cashflow through custom toll milling services for third-party miners while advancing exploration projects. Additional revenue streams include aggregate operations (sand, gravel, rock quarry, ready-mix concrete) operated in partnership with Lower Nicola Site Services. Nicola produces gold and silver concentrate sold through Ocean Partners UK Limited, making it a hybrid producer-explorator in BC's mining sector.
Differentiator
Problem solved
Functional benefit
Products and services
- Merritt Mill & Tailings Facility Fully permitted gold and silver milling facility near Merritt, BC capable of processing 200 tpd (expanding to 500 tpd) through crushing, grinding, and flotation. Processes custom millfeed from third parties and produces gold flotation concentrate, silver concentrate, and free gold concentrate.
- Custom Toll Milling Services
Quantifiable outcome
- Copper concentrate production capacity expansion to 500 tpd
- +3 more outcomes
Companies that use Nicola Mining
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Nicola Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Nicola Mining partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered supporting, key and core.
- ICP Securities Inc.supportingEngaged for automated market making services to support liquidity and trading activity for NICM shares on NASDAQ Capital Market.
- Global One Media Group Pte. Ltd.supportingSingapore-based investor marketing and media firm engaged to support Nicola's digital investor communications strategy. Produces video interviews and corporate communications distributed through international channels across North America, Europe, and Asia to increase visibility among global investors.
- Rahim Kassim-Lakha (Blue Sail Capital)supportingAppointed as strategic advisor to guide on capital markets strategy and corporate development, supporting the planned NASDAQ uplisting.
- Osisko Development CorporationkeyMining and Milling Profit Share Agreement for toll milling services at Merritt Mill. Enables Osisko to process ore through Nicola's permitted facilities.
- University of British Columbia (UBC) MDRUkeyUBC's Mineral Deposit Research Unit collaboration to explore for porphyry copper targets at New Craigmont. MDRU represents a collaborative initiative between UBC, Lakehead University, Universities of Alberta and Calgary, plus 15 partner organizations. Master's thesis by Warren Wegener concluded Craigmont is part of a porphyry-linked skarn system.
- Lower Nicola Site Services Ltd. (LNSS)coreLNSS is a partnership between Infracon Construction and Lower Nicola Indian Band Development Corporation. They operate the Nicola Quarry gravel pit (100,000 tonnes/year), rock quarry (1,500 tonnes/day), and Ready-Mix Concrete plant. The partnership supplies aggregates for Teck's Highland Valley Mine expansion and BC Ministry of Transport infrastructure repairs.
- High Range Exploration Ltd.coreJoint venture partner for Dominion Creek Gold Project. Nicola holds 50% land ownership and 50% Mining and Milling Profit Share Agreement, resulting in 75% economic interest. Partnership includes bulk sample permit application and ongoing exploration activities.
- Blue Lagoon Resources Inc.coreBlue Lagoon Resources provides high-grade gold and silver millfeed from the Dome Mountain Gold Project for exclusive processing at Nicola's Merritt Mill. Nicola extended a $2 million line of credit and transitioned to flotation-only processing optimized for sulphide-hosted mineralization.
Scale indicators14 records
Recent moves12 records
Expansion highlights7 records
Nicola Mining competitors and assessment
Company assessmentDirect peers
- Osisko Development Corp. BC-focused precious metals developer with a Mining and Milling Profit Share Agreement with Nicola at the Merritt Mill. Same British Columbia jurisdiction, similar size and stage profile, and direct customer/partner relationship makes it the most directly comparable peer.
- Skeena Resources: Junior gold developer in British Columbia's Golden Triangle. Comparable in market cap tier, BC jurisdiction, single-asset focus, and reliance on third-party processing infrastructure or build-out decisions relevant to Nicola's toll milling thesis.
- Artemis Gold Inc. BC-based gold developer advancing the Blackwater Mine. Comparable in BC jurisdiction, gold focus, and the scale of mill infrastructure required, putting Artemis in the same competitive set for BC milling capacity and junior miner investor capital.
- Talisker Resources Ltd. Junior BC gold miner with an ore purchase agreement for processing at Nicola's Merritt Mill and ongoing relationship with Ocean Partners for accelerated offtake. Directly comparable given BC focus, junior scale, and dependence on Nicola's toll milling services.
- Ascot Resources Ltd. BC-focused gold producer advancing the Premier Gold Project near Stewart. Comparable BC jurisdiction, similar mid-cap profile, and similar build-out of milling/processing infrastructure, making it a relevant comp for Nicola's mill economics.
- Blue Lagoon Resources Inc. Junior BC gold/silver miner providing millfeed to Nicola's Merritt Mill under an exclusive arrangement plus a $2M line of credit. Direct customer and partner; similar size and stage; useful comp for the junior miner side of Nicola's toll milling book.
- SilverCrest Metals Inc. Mid-tier precious metals producer with operations in Mexico and BC. Comparable in silver/gold concentrate production model and concentrate offtake structure, making SilverCrest a useful comp for Nicola's Merritt Mill concentrate economics.
- Endeavour Silver Corp. Mid-tier silver-gold producer with multiple operating mines. Comparable in silver/gold concentrate focus, offtake economics, and the path from junior explorer to mid-tier producer that Nicola is pursuing through Dominion Creek and Treasure Mountain.
Broad incumbents
- Equinox Gold Corp. Mid-tier gold producer with multiple operating mines across the Americas. Broader incumbent comp relevant for understanding where Nicola sits on the producer spectrum and what scale-up path looks like as Merritt Mill expands and Dominion Creek moves into production.
- Teck Resources Limited: Major diversified miner headquartered in Vancouver and operator of the Highland Valley Mine, which is a direct customer of Nicola's aggregate operations. Useful comp for understanding BC mining economics, regulatory dynamics, and infrastructure counterparty relationships.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Nicola Mining social profiles
Digital presenceNicola Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nicola Mining leadership team
Management profileNumber of profiles
Profiles13 records
Nicola Mining subsidiaries and ownership
Company hierarchySubsidiaries2 records
Nicola Mining funding detail
Funding detailFunding overview
Funding rounds18 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nicola Mining M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nicola Mining
What does Nicola Mining do?
Nicola Mining operates the Merritt Mill & Tailings Facility near Merritt, BC, providing custom toll milling services for third-party gold and silver ore at 200 tpd capacity (expanding to 500 tpd), and produces gold and silver concentrate sold to Ocean Partners UK Limited. The company also operates aggregate operations (sand, gravel, rock quarry, ready-mix concrete plant) through its partnership with Lower Nicola Site Services Ltd., and holds three mineral exploration/development projects: New Craigmont Copper Project, Treasure Mountain Silver Project, and Dominion Creek Gold Project.
Is Nicola Mining a public or private company?
Nicola Mining is a public company. It is classified as public and is currently operating.
When was Nicola Mining founded?
Nicola Mining was founded in 2011. It employs 101 to 250 people.
Where is Nicola Mining based?
Nicola Mining is headquartered in Vancouver, Canada, in the North America region.
How does Nicola Mining make money?
Four revenue lines are on record. Gold and Silver Toll Milling is the primary driver. The others are aggregate Sales (Sand, Gravel, Rock), ready-Mix Concrete Production and capital Markets and Financing.
Who are Nicola Mining's main competitors?
Direct peers on record are Osisko Development Corp., Skeena Resources, Artemis Gold Inc., Talisker Resources Ltd., Ascot Resources Ltd., Blue Lagoon Resources Inc., SilverCrest Metals Inc. and Endeavour Silver Corp.. Broad incumbents are Equinox Gold Corp. and Teck Resources Limited.
Does Nicola Mining have an API?
No public API is recorded for Nicola Mining.
What industry is Nicola Mining in?
Nicola Mining's product category is Diversified Mining and Mineral Processing. Its primary akta.pro industry code is IMAKAKAD, Mine Operations Contracting (Open-Pit & Underground Development, Production, Load/Haul), with a secondary code of IMAFAKAE, Rock Excavation, Blasting & Quarry-Assist Works. Its NAICS code is 213114 and its SIC code is 1000.