Nicola Mining Inc. has provided an update on its plan to pursue a Nasdaq listing through an American Depositary Receipt structure. The company stated this strategy is intended to provide access to U.S. capital markets while preserving its existing share capital structure on its home exchange. According to the company, ADRs can be structured to meet Nasdaq price requirements without requiring a reverse share consolidation, allowing Nicola to maintain its current share count while expanding access to U.S. investors through a dual-market trading framework.
The company confirmed that its proposed listing remains under Nasdaq review pursuant to Rule IM-5101-3, adopted in December 2025. This rule grants the exchange expanded discretionary authority to evaluate qualitative risks such as potential market manipulation before approving an initial listing. The company's news and updates are available in its newsroom at https://ibn.fm/HUSIF.
Nicola Mining maintains a 100% owned mill and tailings facility near Merritt, British Columbia, and has signed Mining and Milling Profit Share Agreements with high grade gold projects. The company's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes. Nicola owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith, adjacent to Highland Valley Copper, Canada's largest copper mine.
The company also owns 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares. The full press release can be viewed at https://ibn.fm/sGlQt. This development represents a strategic move by the junior mining company to broaden its investor base while maintaining its existing market presence, potentially increasing liquidity and visibility in North American markets.
