Financing ·
Nicola Mining Inc. filed its unaudited condensed interim consolidated financial statements for the six months ended…
NICMNicola Mining Inc.
Nicola Mining Inc. filed its unaudited condensed interim consolidated financial statements for the six months ended June 30, 2026. The company reported a net loss of $4,004,563 (CAD), compared to a net income of $705,478 in the prior year period. Cash and cash equivalents increased significantly to $10,200,848 from $1,698,401 at year-end 2025, driven by financing activities including a non-brokered private placement of 5,512,001 units for gross proceeds of $4,960,801 and an underwritten public offering in the US raising US$6.9 million. The company also recognized milling revenue of $2,594,863 and incurred exploration costs of $958,917. Nicola Mining Inc. is a junior mining exploration company engaged in identifying, acquiring, and exploring mineral property interests while operating custom milling services at its Merritt Mill facility in British Columbia.