Nicola Mining Inc., formerly known as Huldra Silver Corporation, was incorporated under the Corporations Act of British Columbia on March 31, 1980. The Company is a primary exploration and custom grinding company focused on the acquisition, exploration and development of mineral properties in British Columbia, Canada. The Company operates the Merritt Mill and holds interests in the New Craigmont Project, the Treasure Mountain Project and the Dominion Creek Gold Property. 

NU E Power Corp. has appointed Peter Espig to its Board of Directors. Espig brings public company leadership and structured transaction experience, having previously served as President and CEO of Nicola Mining Inc. and Vice President at Goldman Sachs Japan and Olympus Capital. He has structured over CAD$2.0 billion in private equity transactions and completed over CAD$1.0 billion in special purpose acquisition company transactions.

Nicola Mining

Goldman Sachs

NU E Power Appoints Peter Espig to Board of Directors

Dominion Holdings Inc. has confirmed it is considering acquiring SM Investments Corp.’s 34 percent stake in Atlas Consolidated Mining and Development Corp., as part of the Sy family’s broader strategy to <a href="https://www.facebook.com/InsiderPHNews/posts/news-confirmed-sy-consunji-backed-dominion-confirms-insiderph-report-on-plan-to-/122335874594204956/">consolidate its mining interests</a>. The move would also include Dominion’s evaluation of <a href="https://www.facebook.com/InsiderPHNews/posts/news-confirmed-sy-consunji-backed-dominion-confirms-insiderph-report-on-plan-to-/122335874594204956/">Tampakan copper-gold project</a>, one of Southeast Asia’s largest undeveloped copper-gold resources. Currently, Dominion holds <a href="https://www.facebook.com/InsiderPHNews/posts/news-confirmed-sy-consunji-backed-dominion-confirms-insiderph-report-on-plan-to-/122335874594204956/">20.43 percent stake in Atlas</a>, which it acquired from the Ramos family’s Anglo Philippine Holdings Corp. However, the company emphasized that <a href="https://bworldonline.com/corporate/2026/04/28/745841/dominion-holdings-says-no-approved-plans-for-tampakan-investment/">no formal approvals granted</a>, and the terms remain subject to negotiations and corporate approvals.Separately, Nicola Mining Inc. has reported progress on its Dominion Gold Project, having completed development work for a 10,000-tonne bulk sample, with <a href="https://investingnews.com/nicola-mining-provides-update-on-dominion-gold-project/">plans to resume operations</a> in July 2026. The project has revealed additional mineralized veins, expanding the potential scope of the deposit. Dominion Holdings has also indicated that it is exploring various strategic investments but has <a href="https://bworldonline.com/corporate/2026/04/28/745841/dominion-holdings-says-no-approved-plans-for-tampakan-investment/">not yet approved any specific</a> plans related to the Tampakan project.<img src="https://cdn.ainvest.com/aigc/hxcmp/images/compress-1d0212673c971002.png" alt="Dominion says Indophil, Sonar own miner Beind Tampaan project">

Dominion says Indophil, Sonar own miner Beind Tampaan project

Blue Lagoon Resources Inc. (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) has received a combined $10.0 million in financing from its strategic partners, Nicola Mining Inc. and Ocean Partners Holdings Ltd., as the company continues to scale production at its Dome Mountain Gold and Silver Project in British Columbia. This financing includes a $3.0 million equity investment from Ocean Partners and access to a <a href="https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2710-cse/bllg/182445-blue-lagoon-secures-2-million-line-of-credit-from-nicola-mining-enhancing-financial-flexibility-ahead-of-production.html">$2.0 million unsecured line of credit</a> from Nicola Mining, which was previously announced. The remaining $5.0 million in support comes from prior agreements and ongoing financial arrangements with both partners, including a long-term milling agreement and a <a href="https://nicolamining.com/news/nicola-mining-inc-provides-2-million-line-of-credit-to-blue-lagoon-resources-supporting-strategic-partners-and-advancing-gold-production-in-british-columbia">previously disclosed $2.0 million line of credit</a>.The $3.0 million equity investment by Ocean Partners was made at the <a href="https://bluelagoonresources.com/news/">market price of C$0.90</a> per share, with no discount or warrants attached. This move aligns Ocean Partners more closely with Blue Lagoon’s operations, as the company processes and sells gold and silver concentrates from Dome Mountain. Nicola Mining, already a key operational and financial partner, has also extended its support through a toll milling agreement and a <a href="https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2710-cse/bllg/182445-blue-lagoon-secures-2-million-line-of-credit-from-nicola-mining-enhancing-financial-flexibility-ahead-of-production.html">$2.0 million line of credit</a>, which remains undrawn.Blue Lagoon has reached commercial production at Dome Mountain, having <a href="https://bluelagoonresources.com/news/">maintained 100 tonnes per day</a> of underground mining for over 30 consecutive days. The company is now working toward a target of 150 tonnes per day and has <a href="https://bluelagoonresources.com/news/">expanded its operations</a> with a second underground crew and additional equipment. Regular shipments of mineralized material are being sent to Nicola Mining’s Merritt Mill for processing, with <a href="https://bluelagoonresources.com/news/">Ocean Partners receiving concentrates</a>.The financing from Nicola Mining and Ocean Partners enhances Blue Lagoon’s financial flexibility as it ramps up production and prepares for future exploration activities. The company currently has a strong treasury, generates ongoing cash flow from concentrate sales, and holds <a href="https://bluelagoonresources.com/news/">in-the-money warrants worth C$2.5 million</a>. These financial resources, combined with the new financing, position Blue Lagoon to advance its operational and exploration goals without immediate dilution to shareholders.Both partners have expressed confidence in Blue Lagoon’s operational progress and the long-term potential of the Dome Mountain project. Nicola Mining’s support reflects its ongoing collaboration with Blue Lagoon, while <a href="https://bluelagoonresources.com/news/">Ocean Partners’ equity investment</a> underscores its commitment to the project’s success. Blue Lagoon remains focused on achieving consistent production levels and expanding its resource base through exploration, with plans to <a href="https://bluelagoonresources.com/news/">reinvest internally generated cash flow</a> into near-mine and regional drilling programs beginning in Q3 2026.<img src="https://cdn.ainvest.com/aigc/hxcmp/images/compress-1cf5cee2b5171002.png" alt="Nicola Mining Inc: Nicola Mining and its partner Ocean Partners provide $10.0 mln in financing to Blue Lagoon Resources">

Nicola Mining Inc: Nicola Mining and its partner Ocean Partners provide $10.0 mln in financing to Blue Lagoon Resources

Nicola Mining: Maxim Group initiates Buy rating, PT $12.On June 18, 2026, Maxim Group initiated coverage of Nicola Mining Inc. (NICM), assigning the stock <a href="https://www.gurufocus.com/news/8922524/nicola-mining-nicm-receives-buy-rating-with-12-target-from-maxim">a Buy rating</a> with a price target of $12. The firm highlighted Nicola Mining’s strategy to enhance production at its Merritt Mill in British Columbia by sourcing material from third-party providers. This approach is expected to precede <a href="https://www.gurufocus.com/news/8922524/nicola-mining-nicm-receives-buy-rating-with-12-target-from-maxim">a more integrated operational model</a> as the company moves toward bulk sampling and asset development.Nicola Mining, a junior exploration and custom milling company, operates primarily in the Metals &amp; Mining industry with <a href="https://www.gurufocus.com/news/8922524/nicola-mining-nicm-receives-buy-rating-with-12-target-from-maxim">a market capitalization of approximately</a> $117.84 million. The company holds interests in properties such as the Treasure Mountain and New Craigmont, focusing on copper, gold, and silver mining.Maxim’s forecast anticipates <a href="https://www.gurufocus.com/news/8922524/nicola-mining-nicm-receives-buy-rating-with-12-target-from-maxim">a significant revenue increase</a>, from C$1.5 million in 2025 to C$11.6 million in 2026. However, Nicola Mining’s GF Score™ of 14/100 indicates weaknesses in profitability and financial strength, with <a href="https://www.gurufocus.com/news/8922524/nicola-mining-nicm-receives-buy-rating-with-12-target-from-maxim">a P/S ratio of 51.43</a>, suggesting the stock may be overvalued relative to its sales.In recent months, <a href="https://www.gurufocus.com/news/8922524/nicola-mining-nicm-receives-buy-rating-with-12-target-from-maxim">one insider purchased 50,000 shares</a> of NICM, signaling some internal confidence. Investors are advised to consider both the positive outlook from Maxim and the company’s financial challenges before making investment decisions.

Nicola Mining: Maxim Group initiates Buy rating, PT $12.

Based on the 15-minute chart for Nicola Mining, the moving average at 20 days has triggered a shift in market sentiment, as the short-term downward trend indicates that sellers have gained control of the market and are exerting pressure on the price. This is evident in the downward movement of the price, which suggests a change in market direction.——————
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The 20-day moving average for Nicola Mining Inc. (NIM.VN) has recently crossed below key short-term averages, signaling a shift in market sentiment and reinforcing a bearish outlook. This crossover suggests that sellers have taken control, as evidenced by the continued downward pressure on the stock price. On May 15, 2026, the stock opened at $0.83 and <a href="https://finance.yahoo.com/quote/NIM.V/">traded within a range</a> of $0.77 to $0.83, reflecting ongoing volatility and uncertainty among traders. Technical indicators further support this bearish trend. The RSI stands at 42.25, indicating oversold conditions, while the MACD and stochastic oscillator show mixed signals, with <a href="https://www.investing.com/equities/nicola-mining-adr-technical">MACD suggesting a buy</a> and stochastic signaling overbought conditions. Meanwhile, the <a href="https://www.investing.com/equities/nicola-mining-adr-technical">majority of moving averages</a>, including the 5-day, 10-day, and 20-day, are in sell territory, reinforcing the downward bias. Pivot points also highlight key levels to watch, with <a href="https://www.investing.com/equities/nicola-mining-adr-technical">classic support at $6.17</a> and resistance at $6.48, though these levels appear distant given the current price action. The stock’s 52-week range remains wide, from $0.36 to $1.35, but <a href="https://finance.yahoo.com/quote/NIM.V/">recent performance suggests</a> a retest of lower support levels may be imminent. Investors should remain cautious, as technical indicators suggest a continuation of the downward trend in the near term. As always, it is advisable to consider broader market conditions and company fundamentals alongside technical signals before making investment decisions.
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