Nicola begins shipping gold concentrate with Talisker

Executive Summary

• Nicola Mining Inc. began shipping gold concentrate under its mining, milling and smelting agreement with Talisker Resources Ltd., delivering 707 oz of gold in August.
• The shipments generated approximately US$2.3 million in gross proceeds.
• Recent mill upgrades—including automation and a new large‑capacity concentrator—enhanced flotation recovery and positioned the company for higher future production volumes.

Key Details

• Gold shipped: 707 ounces of gold concentrate sold to Talisker Resources in August 2026.
• Gross proceeds: Approximately US$2.3 million from the August shipment.
• Mill upgrades: Automation of multiple concentrate‑production steps and installation of a large concentrator optimized for free‑gold recovery, improving overall recovery rates.
• Strategic impact: Upgrades support both Talisker’s ore and Nicola’s Dominion gold project, demonstrating the mill’s flexibility to process varied feed grades.
• CEO comment (Peter Espig): Emphasized that the upgrades solidify Nicola as a producer poised to benefit from rising gold and silver prices and highlighted the company’s role as a hub for smaller projects supported by B.C.’s Ministry of Mining and Critical Minerals.
• Additional assets: Nicola retains 100 % ownership of the Treasure Mountain high‑grade silver mine (original mill site) and the New Craigmont copper project, underscoring broader growth potential.

Notable Quotes

“The culmination of our continuous multiple mill facility upgrades is the solidification of Nicola becoming a producer that is poised to benefit from gold and silver prices.” – Peter Espig, CEO

Materiality Assessment: Material – Positive** (the shipment represents a significant revenue event and demonstrates operational progress that is likely to influence investors’ perception of the company’s near‑term financial performance.)