Nicola Mining Announces Extension of Agreement with Lower Nicola Site Services Ltd. and Completion of Drill Exploration for 2026 at Treasure Mountain
Key Highlights
- ➤LNSS extends Craigmont rock and gravel agreement through March 3, 2033
- ➤2026 Treasure Mountain drilling completed: four holes totaling approximately 800 metres
- ➤MB Zone core shows preliminary intense pyrite, pyrrhotite and sphalerite mineralization
- ➤Assays pending for 2026 Treasure Mountain silver and New Craigmont copper programs
Expert Statements
Peter Espig, Chief Executive Officer and Director of Nicola Mining
“The extension of our agreement with LNSS is important not simply because it lengthens a commercial relationship, but because it reflects the durability of a model in which economic participation, responsible site stewardship and regional infrastructure needs can reinforce one another.”
Peter Espig, Chief Executive Officer and Director of Nicola Mining
“In resource development, the quality of a partnership is ultimately measured by whether it creates alignment that endures beyond an individual project or market cycle.”
Peter Espig, Chief Executive Officer and Director of Nicola Mining
“Our relationship with LNSS has demonstrated that commercial discipline and meaningful Indigenous economic participation are not competing objectives; when structured thoughtfully, they are mutually reinforcing.”
Peter Espig, Chief Executive Officer and Director of Nicola Mining
“We are very pleased to extend this relationship and to continue building long-term value for Nicola, LNSS and the communities in which we operate.”
Peter Espig, Chief Executive Officer and Director of Nicola Mining
“We are equally excited to receive assays from both our 2026 New Craigmont (copper) and Treasure Mountain (silver), which we will announce when received.”
Peter Espig, Chief Executive Officer and Director of Nicola Mining
“The Company expects to provide a summary of the Treasure Mountain 2026 Exploration Program in the near future.”
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2026) - Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) (the "Company" or "Nicola") is pleased to announce that Lower Nicola Site Services Ltd. ("LNSS") has exercised its option to extend the Rock and Gravel Extraction and Preferential Engagement Agreement (the "Agreement") originally entered into between Nicola and LNSS in March 2022. The parties have confirmed that the Agreement will now remain in effect until March 3, 2033.
LNSS is an indirectly majority-owned company formed through a partnership between the Lower Nicola Indian Band Development Corporation and Infracon Construction Inc. Under the original Agreement, LNSS was granted the exclusive right to extract gravel and rock from the Company's Craigmont Mine Site, located approximately 14 kilometres from Merritt, British Columbia, with Nicola receiving a per-tonne royalty for material extracted.
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