Nicola Mining Announces Plans to Uplist on NASDAQ and Filing of Short Form Base Shelf Prospectus

Executive Summary

• Nicola Mining Inc. filed a listing application with Nasdaq to uplist its common shares under the ticker “NICM.”
• The company submitted a Preliminary Short Form Base Shelf Prospectus to Canadian regulators, permitting future offerings of up to C$10 million in qualified securities during a 25‑month period after receipt of the Final Shelf Prospectus.
• No specific terms or amounts have been set; the offering cannot commence until the Final Shelf Prospectus is issued.

Key Details

• Nasdaq Listing Application: Filed October 27, 2025 for uplisting to the Nasdaq Capital Market; proposed ticker “NICM.”
• Preliminary Shelf Prospectus: Submitted on October 7, 2025 to Ontario, Alberta and British Columbia securities regulators.
• Qualified Securities: May include preferred shares, debt securities, warrants, subscription receipts, common shares and units (or any combination).
• Maximum Offering Size: Up to C$10 million of qualified securities over a 25‑month period after receipt of the Final Shelf Prospectus.
• Regulatory Conditions: No sales or offers may occur until a receipt for the Final Short Form Base Shelf Prospectus is issued by the Canadian regulators.
• Shelf Prospectus Benefits: Allows issuance without a four‑month mandatory hold period in Canada and provides flexibility to raise capital as needed.
• Forward‑Looking Statements: The release contains numerous forward‑looking statements regarding timing of filings, regulatory approvals, and future financing activities.

Notable Quotes

(No direct quotes from executives were included in the release.)