FAQ: Nicola Mining's Gravel Pit Expansion and Cement Ready Mix Plant Completion
Summary
Nicola Mining Inc. has expanded its gravel pit operations and completed construction of a cement ready mix plant through permits allowing extraction of up to 3.0 million tonnes of inert rock material. This expansion significantly increases the company's mining capacity and diversifies its operations into construction materials.
What is the main announcement from Nicola Mining Inc.?
Nicola Mining Inc. announced the long-term expansion of its wholly owned gravel pit (Permit G1519) and completion of construction of its cement ready mix plant, securing significant permits for increased extraction capacity.
What permits has Nicola Mining secured for its operations?
The company secured a Notice of Departure at the New Craigmont Project allowing extraction of up to 3.0 million tonnes of inert rock material, and an extension of its gravel pit mine life alongside a provincial highway permit received September 5, 2025.
What is the daily extraction capacity under the new permits?
The Notice of Departure permits extraction of approximately 1,500 tonnes per day of inert rock material from the New Craigmont Project.
Who is Nicola Mining’s partner in these operations?
Nicola Mining is working together with partner Lower Nicola Site Services Ltd. on the gravel pit expansion and cement ready mix plant operations.
What other mining assets does Nicola Mining own?
Nicola Mining owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares, and the Treasure Mountain Property with 30 mineral claims and a mineral lease spanning over 2,200 hectares.
What processing capabilities does Nicola Mining have?
The company maintains a 100% owned mill and tailings facility that can process both gold and silver mill feed via gravity and flotation processes, and has signed Mining and Milling Profit Share Agreements with high grade gold projects.
Where are Nicola Mining’s operations located?
The company’s mill and tailings facility are located near Merritt, British Columbia, and the New Craigmont Project is adjacent to Highland Valley Copper, Canada’s largest copper mine.
How can investors get more information about Nicola Mining?
The latest news and updates relating to HUSIF are available in the company’s newsroom at https://ibn.fm/HUSIF, and the full press release can be viewed at https://ibn.fm/4FXiG.
What stock exchanges is Nicola Mining listed on?
Nicola Mining Inc. is listed on the TSX Venture Exchange (TSXV: NIM), Frankfurt Exchange (FSE: HLIA), and OTCQB (OTCQB: HUSIF).
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