Nicola Mining Announces Strategic Investment from Ocean Partners

Core Viewpoint - Nicola Mining Inc. is strengthening its balance sheet through a strategic non-brokered private investment of $1,000,000 from Ocean Partners UK Limited as it prepares to uplist onto NASDAQ in Q1 of 2026 [1]. Investment Offering - The Company will issue 1,111,112 units at a price of $0.90 per unit, aiming for gross proceeds of up to $1,000,000 [2]. - Each unit consists of one common share and one transferable common share purchase warrant, with each warrant allowing the purchase of an additional share at $1.10 for three years post-closing [3]. Warrant Details - The expiry of the warrants may be accelerated if the closing price of the Company's shares on the TSX Venture Exchange reaches $1.70 or greater for ten consecutive trading days [3]. Use of Proceeds - The gross proceeds from the offering will be allocated for general working capital [5]. Regulatory Compliance - All securities issued will be subject to a statutory holding period of four months and one day post-closing, and the offering is subject to Exchange approval [4]. Strategic Advisory Appointment - Rahim Kassim-Lakha has been appointed as Strategic Advisor, bringing nearly 30 years of experience in capital markets and M&A, and will guide the Company on capital markets strategy and corporate development [7]. Company Overview - Nicola Mining Inc. is a junior mining company with a 100% owned mill and tailings facility located near Merritt, British Columbia, and has signed profit share agreements with high-grade gold projects [8]. - The Company owns the New Craigmont Project, a high-grade copper property covering over 10,800 hectares, and the Treasure Mountain Property, a fully-permitted high-grade silver mine spanning over 2,200 hectares [9].