Nicola Mining Receives Outperform Rating with C$0.70 Price Target, Highlighting Strategic Assets and Revenue Diversification

Nicola Mining Inc. has received significant market recognition through new investment coverage that assigns the company an Outperform rating with a price target of C$0.70 (US$0.50), positioning it as a compelling investment opportunity in the mining sector. This assessment reflects the company's robust and diversified asset base, which includes several strategically important properties across British Columbia. The company's portfolio features the New Craigmont Copper Project located in the prolific Quesnel Trough, a region known for its mineral richness and mining history.

The New Craigmont Project represents a particularly valuable asset, bordering Teck Resources' Highland Valley Copper Mine and encompassing the historic Craigmont mine site. This historic operation previously produced 900 million pounds of copper between 1961 and 1982, achieving an impressive average grade of 1.28% during its productive years. The project covers an expansive 10,913 hectares along the southern end of the Guichon Batholith, strategically positioning Nicola Mining adjacent to Canada's largest copper mine. This geographical advantage provides significant exploration potential and operational synergies in one of North America's most established mining districts.

Beyond its copper interests, Nicola Mining maintains additional valuable assets including the high-grade Treasure Mountain silver-lead-zinc mine. The Treasure Mountain Property extends the company's mineral footprint significantly, comprising 30 mineral claims and a mineral lease spanning over 2,200 hectares. The company also holds a 75% economic interest in the Dominion Creek gold project, further diversifying its exposure to precious metals. This multi-commodity approach reduces operational risk while maximizing exposure to various commodity cycles within the mining industry.

A distinctive competitive advantage for Nicola Mining is the company's ownership of the only mill in British Columbia permitted to process third-party material. This unique infrastructure asset provides an additional revenue stream through its Merritt Mill operations, complemented by sand/gravel pit and rock quarry activities. The mill's technical capability to process both gold and silver through gravity and flotation techniques offers significant operational flexibility. This processing infrastructure enables Nicola Mining to generate consistent cash flow to support ongoing operations and exploration activities without resorting to dilutive equity issuance, a critical advantage in the capital-intensive mining sector where funding often presents significant challenges.

The combination of strategic asset positioning, diversified revenue streams, and unique processing capabilities demonstrates Nicola Mining's comprehensive approach to resource exploration and development. The company stands to leverage multiple geological opportunities within British Columbia's rich mining landscape while maintaining financial stability through its milling operations. This balanced strategy positions Nicola Mining as a company with both near-term revenue generation potential and long-term growth prospects through its exploration portfolio, making the Outperform rating and C$0.70 price target a reflection of the company's multifaceted value proposition in the competitive mining industry.