Nicola Mining Inc- Initiation of Coverage

Nicola Mining was crafted from the ashes of Huldra Silver, which operated the Treasure Mountain silver mine and the Merritt Mill. Ex-Goldman Sachs restructuring expert Peter Espig has guided the company through a 12-year turnaround. He swiftly recognised the mill was the crown jewel and put Treasure Mountain on care and maintenance. A series of decisions has positioned Nicola for future success. Firstly, the permit for the Merritt Mill was negotiated on highly favourable terms. Secondly, the New Craigmont Copper Project was acquired in 2015. Thirdly, the 900-acre mill site has been designated as industrial land, enabling the development of several additional cash-flow-generating businesses. Plus, many of these projects have mining permit...