Business
Nicola Provides Year in Review: 2022
Vancouver, British Columbia--(Newsfile Corp. - December 20, 2022) - Nicola Mining Inc. ( TSXV: NI...
About this update from Nicola Mining Inc.
[{"type":"text","content":"Nicola Provides Year in Review: 2022Vancouver, British Columbia--(Newsfile Corp. - December 20, 2022) - Nicola Mining Inc. (TSXV: NIM) (FSE: HLI) (OTCQB: HUSIF) (the \"Company\" or \"Nicola\") is providing \"Year in Review: 2022\", with the hope that it provides additional clarity on several key milestones that were achieved in 2022. In addition to highlighting the significance of noteworthy events, we are hopeful that this letter provides insight into our plans for 2023.The year began with the Company announcing that it had completed shipment of 196 tonnes (175 dry metric tonnes) of gold and silver concentrate via a Mining and Milling Partnership Agreement with Blue Lagoon Resources Inc. (CNSX: BLLG). Serendipitously, 2022 ended with the Company announcing that it had, on December 2nd, signed a memorandum of understanding with Osisko Development Corp (NYSE: ODV) (TSXV: ODV). However, the year is characterized by much more than Mining and Milling Partnership Agreements and the processing of gold and silver concentrate.On March 14, 2022, Nicola announced that it had entered into a Rock and Gravel Extraction and Preferential Engagement Agreement (the \"Agreement\") with Lower Nicola Site Services Ltd. (\"LNSS\") an indirectly majority-owned company. LNSS is a partnership between the Lower Nicola Indian Band Development Corporation and Infracon Construction Inc. The Agreement highlights our commitment to Environmental, Social, and Governance (\"ESG\") and desire to work closely with interested First Nations groups. Additionally, it provided the opportunity for Nicola to step up as a \"good citizen.\" Together with LNSS, we were able to play a pivotal role in the rebuilding of key infrastructure required by several nearby communities adversely affected by the November 2021 floods. Since receipt of a Notice of Departure1 (\"NoD\") and subsequent approval from the Ministry of Forests2 Nicola and LNSS have worked closely together to provide local communities with gravel and riprap, for which the Company receives a royalty. Creativity in finding revenue streams to fund reclamation and exploration can be attributed to the Company's C-Suite's ability to think \"out of the box.\" We remain steadfast in our environmental commitments and are currently in the process of hiring a full-time Environmental Site Manager tasked with ...