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Nicola Mining Inc. entered into a Mining and Milling Profit Share Agreement with Red Eye Resources Ltd., allowing the…
HUSIFNicola Mining Inc.
Nicola Mining Inc. entered into a Mining and Milling Profit Share Agreement with Red Eye Resources Ltd., allowing the latter to transport qualifying mineralized material to Nicola's Merritt Mill in British Columbia for processing. Profits generated under this arrangement will be shared equally between the two companies. This agreement leverages Nicola's unique permitting position as the only facility in the province authorized to accept third-party gold and silver mill feed, enabling collaboration with project owners without requiring significant capital investment or new permitting timelines. The company operates in the precious metals mining industry, owning a fully permitted milling facility and exploration properties including the New Craigmont copper project.