Nicola Mining Lists on Nasdaq, Raises US$6M with ADS Offering
Nicola Mining priced 930,233 ADSs and 930,233 warrants at US$6.45 each, raising US$6.0 million in a U.S. underwritten offering. The ADSs, each representing 12 common shares, will begin trading on Nasdaq Capital Market under symbol NICM on April 13, 2026.
1. Offering Details
Nicola Mining priced 930,233 American Depositary Shares and 930,233 warrants at US$6.45 per ADS and accompanying warrant, generating gross proceeds of US$6.0 million before discounts, commissions and expenses. Underwriters have a 45-day option to purchase up to an additional 139,534 ADSs and 139,534 warrants.
2. Nasdaq Listing
The ADSs will start trading on the Nasdaq Capital Market under the symbol NICM on April 13, 2026, while the warrants will remain unlisted and exercisable immediately upon issuance with a five-year term.
3. Use of Proceeds
Net proceeds from the offering are earmarked for mill expansion, property, plant and equipment expenditures, and general and administrative and working capital requirements.
4. Company Assets
Nicola Mining owns a fully permitted mill and tailings facility in British Columbia, the New Craigmont Project with over 10,800 hectares of copper mineralization adjacent to Highland Valley Copper, and the Treasure Mountain Property spanning over 2,200 hectares.