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.

Nicola Mining Inc. and Ocean Partners UK Limited committed a combined $10.0 million in financing to Blue Lagoon Resources Inc. Nicola invested $5.0 million via private placement at $0.60 per share, acquiring 8,333,333 common shares. This capital supports the development of Blue Lagoon's Dome Mountain Gold and Silver Project toward a targeted production rate of 150-200 tonnes per day. The investment builds on Nicola's prior $1.0 million strategic stake in January 2024. Ocean Partners also contributed $5.0 million, bringing its total commitment to Blue Lagoon to $8.0 million. The financing strengthens the relationship between mine development and Nicola's Merritt Mill processing infrastructure. Nicola Mining Inc. is a junior mining company operating gold and silver projects with owned milling facilities in British Columbia.