Nicola Mining Receives Outperform Rating with C$0.70 Price Target, Highlighting Strategic Assets and Unique Processing Capabilities

Nicola Mining Inc. has received significant investment coverage with an Outperform rating and price target of C$0.70 (US$0.50), reflecting the company's robust and diversified asset base in the mining sector. The company's strategic positioning stems from its comprehensive portfolio of mineral assets, most notably the New Craigmont Copper Project located in the prolific Quesnel Trough. This project borders Teck Resources' Highland Valley Copper Mine and encompasses the historic Craigmont mine, which previously produced 900 million pounds of copper between 1961 and 1982 at an impressive average grade of 1.28%.

Beyond its copper interests, Nicola Mining maintains a high-grade Treasure Mountain silver-lead-zinc mine and holds a 75% economic interest in the Dominion Creek gold project. The company's distinctive competitive advantage lies in its ownership of the only mill in British Columbia permitted to process third-party material, which provides a unique revenue stream through its Merritt Mill, sand/gravel pit, and rock quarry. This infrastructure enables Nicola Mining to generate cash flow to support operations and exploration without resorting to dilutive equity issuance, a significant benefit in the capital-intensive mining industry.

The New Craigmont Project covers an expansive 10,913 hectares along the southern end of the Guichon Batholith, positioning the company strategically adjacent to Canada's largest copper mine. The Treasure Mountain Property further extends the company's footprint, comprising 30 mineral claims and a mineral lease spanning over 2,200 hectares. The mill's capability to process both gold and silver through gravity and flotation techniques offers the company additional financial flexibility, supporting its comprehensive approach to resource exploration and development.

This combination of strategic assets and processing capabilities demonstrates Nicola Mining's potential to leverage multiple revenue streams and geological opportunities within British Columbia's rich mining landscape. The investment coverage highlights how the company's unique position as both an explorer and processor creates a sustainable business model that differentiates it from other junior mining companies in the region.