Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Production / Operations

Nicola Mining receives six mining lease extensions

By The Northwire Desk — AI Analysis Sep 17, 2025 · 17:59 NIM · 1.05 Nicola Mining Inc.
NIM · Price

Executive Summary

  • Nicola Mining Inc. received six five‑year mining lease extensions (leases 237642‑237647) for its wholly owned New Craigmont property, extending the mine life of its flagship copper project.
  • The extension adds significant value to the 10,800‑hectare New Craigmont land package, which hosts Canada’s highest‑grade historic copper deposit and lies adjacent to Teck Resources’ Highland Valley Copper mine.
  • CEO Peter Espig highlighted that maintaining permits and lease extensions accelerates the transition from exploration to production while supporting ongoing environmental and stakeholder work.

Key Details

  • Lease Extensions: Six mining leases (numbers 237642‑237647) each extended for five years by British Columbia’s Ministry of Mining and Critical Minerals.
  • Project Scope: The extensions cover the entire New Craigmont property (~10,800 ha), Nicola’s flagship copper project located next to Teck Resources’ Highland Valley Copper mine.
  • Strategic Importance: Extending the leases secures long‑term rights to a historic high‑grade copper resource, enhancing the company’s asset base and enabling continued exploration and development activities.
  • Exploration Focus: Recent work has shifted from skarn targeting to vectoring toward a porphyry system within the property.
  • Permit Status: The company maintains Mine Permit M‑68 in good standing; lease extensions help keep all regulatory approvals active.
  • CEO Comment: “Maintaining mine permits (M‑68) and garnering mine lease extensions can significantly expedite a projected moving from exploration to operation…we will continue to work diligently on environmental, consultation and maintaining permits in good standing.” – Peter Espig, CEO.

Notable Quotes

“This year we have actively conducted exploration that was not focused on skarn, but vectoring towards a porphyry system. Maintaining mine permits (M‑68) and garnering mine lease extensions can significantly expedite a projected moving from exploration to operation.” – Peter Espig, CEO, Nicola Mining Inc.

Read the original news release →

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