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Nicola Mining Inc. press release

MiningNewsBreaks - Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) Signs Mining and Milling Profit Share Agreement With Red Eye Resources

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MiningNewsBreaks – Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) Signs Mining and Milling Profit Share Agreement With Red Eye Resources

2026-08-17 10:15:00 ET

This article has been disseminated on behalf of Nicola Mining Inc. and may include paid advertising.

Nicola Mining (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) signed a Mining and Milling Profit Share Agreement with privately held Red Eye Resources Ltd., allowing qualifying mineralized material to be transported to Nicola Mining Merritt Mill near Merritt, British Columbia, for processing. The agreement will focus exclusively on precious-metal opportunities, with profits shared equally between the companies. Nicola said its Merritt Mill is the only facility in British Columbia permitted to accept third-party gold and silver mill feed from throughout the province.

The agreement expands Nicola Mining strategy of using the Merritt Mill as a centralized processing platform for high-grade precious-metal projects across British Columbia. The company said the mill provides project owners access to established processing infrastructure without the capital requirements and permitting timelines associated with building standalone facilities, while the collaboration combines Red Eye Resources project-generation and mining expertise with Nicola permitted milling infrastructure and existing projects.

To view the full press release, visit https://ibn.fm/gv6pR

About Nicola Mining

Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility, located near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high grade gold projects. Nicola’s fully permitted mill can process both gold and silver mill feed via gravity and flotation processes.

The Company owns 100% of the New Craigmont Project, a high-grade copper property, which covers an area of 10,913 hectares along the southern end of the Guichon Batholith and is adjacent to Highland Valley Copper, Canada’s largest copper mine. The Company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease, spanning an area exceeding 2,200 hectares.

NOTE TO INVESTORS: The latest news and updates relating to NICM are available in the company’s newsroom at https://ibn.fm/NICM

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