10:59 AM EST, 11/04/2025 (MT Newswires) -- Nicola Mining ( HUSIF ) on Tuesday said it completed work at Dominion for 2025 and has completed all mine development for the 10,000 bulk sample, which is planned to recommence in July of 2026.

The company said that initially it had planned to ship up to 2000 tonnes to the Nicola mill in 2025 for processing, but said it "opted to wait" until next year for two reasons, weather and project size.

It noted that abnormally high rainfall during August and September "would likely degrade" the haul road from overuse.

The company also said that during the mine development phase, which started in August following completion of haul road upgrades, a landing area was constructed to provide access for vein extraction. The company said that the development phase included lowering the entire landing by approximately 6 meters to create a face suited for vein extraction and said that while developing the landing, three additional veins were discovered.

The company said that the samples from the newly exposed veins, Mid-West Vein, West Vein and 16 East Vein, were taken by site crew and brought to Paragon Geochemical for analysis.

"We have been pleasantly surprised with the work at Dominion, which clearly indicates that the project is larger than initially anticipated," said Nicola Mining's ( HUSIF ) chief executive officer Peter Espig. "For the 2026 Program, we now have 5 open faces that are accessible from the Landing to give approximately 6 metres of strike length for extraction. These exposed veins also represent attractive exploration targets as they are open at depth."

The company's shares were last seen down $0.02 to $0.93 on the TSX Venture Exchange.

Price: 0.94, Change: -0.01, Percent Change: -1.05