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Nicola Mining Receives 5-Year Mining Lease Extension For Its Flagship Copper Project New Craigmont Property
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Nicola Mining Receives 5-Year Mining Lease Extension For Its Flagship Copper Project New Craigmont Property
Sep 17, 2025 11:20 AM

01:53 PM EDT, 09/17/2025 (MT Newswires) -- Nicola Mining ( HUSIF ) on Wednesday said it received six mining lease extensions for five years from British Columbia's Ministry of Mining and Critical Minerals, which extends its wholly owned New Craigmont property, located adjacent to Teck Resources (TECK-B.TO) Highland Valley copper mine.

"This year we have actively conducted exploration that was not focused on skarn, but vectoring towards a porphyry system," said Chief Executive Peter Espig. "Maintaining mine permits (M-68) and garnering Mine Lease Extensions can significantly expedite a projected moving from exploration to operation."

Shares of the company were last seen down $0.01 to $1.09 on the TSX Venture Exchange.

Price: 1.09, Change: -0.01, Percent Change: -0.91

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