Nicola Mining Inc. (TSX.V: NIM) (FSE: HLIA) (OTCQB: HUSIF) has completed its 2026 mining campaign at the Dominion Creek Gold Project in British Columbia, shipping approximately 1,300 tonnes of high-grade mill feed to its Merritt processing facility. The announcement matters because it marks the transition of Dominion Creek from development to cash-flow-generating operation, with the company expecting the material to contribute to fourth-quarter revenue alongside feed from Red Eye Resources and processing under its agreement with Blue Lagoon Resources.
The campaign focused on three mineralized structures: the Pit Vein, 16 Vein, and the newly identified 16 East Vein. Although operations began later than planned due to equipment delivery delays and additional mine development, Nicola completed necessary infrastructure improvements and deployed equipment expected to enhance future productivity. The company said the completion of mine development and mobilization of key equipment position Dominion Creek for increased material extraction and potential gold production in 2027. The identified veins remain open in multiple directions, and newly discovered structures present additional exploration opportunities.
CEO Peter Espig noted that Nicola advanced Dominion Creek from acquisition through mine development and bulk-sample extraction in approximately three years, demonstrating its strategy of combining targeted mineral asset investments with its wholly owned Merritt processing facility. The company also plans to evaluate additional acquisition opportunities with potential pathways to monetization within approximately three years. For investors, the campaign's completion validates Nicola's model of leveraging its permitted mill and tailings facility to generate operating opportunities from high-grade gold projects. The Merritt facility is capable of processing gold- and silver-bearing mill feed using gravity and flotation circuits, and Nicola seeks to use this infrastructure to create value while advancing its broader mineral asset portfolio.
Nicola owns 100% of the New Craigmont Project, a copper exploration property encompassing more than 10,800 hectares along the southern margin of the Guichon Batholith, adjacent to Highland Valley Copper, Canada's largest copper mine. The company also holds a 100% interest in the Treasure Mountain Property, comprising 30 mineral claims and a mineral lease over more than 2,200 hectares. The latest news and updates relating to HUSIF are available in the company's newsroom at https://ibn.fm/HUSIF. The full press release can be viewed at https://ibn.fm/x00xW.
The announcement was disseminated by MiningNewsWire, a specialized communications platform focused on the global mining and resources sectors. MiningNewsWire is one of 75+ brands within the Dynamic Brand Portfolio at IBN, which provides wire solutions via InvestorWire, editorial syndication to 5,000+ outlets, and social media distribution to millions of followers. The campaign's completion is significant because it demonstrates Nicola's ability to execute its hub-and-spoke strategy, using its Merritt facility as a central processing hub for multiple gold projects, which could drive recurring revenue and reduce reliance on external processing. With equipment now mobilized and infrastructure improved, the company is better positioned to scale production at Dominion Creek and pursue further acquisitions that can be monetized through its wholly owned mill.
