
Nicola Mining Inc. (TSXV:NIM) – Balance Sheet Materially Improves
Impact: Positive
Nicola has significantly de-risked its balance sheet with the full repayment of Senior Secured Debt owed to Waterton allowing the company to focus on its ongoing exploration efforts. We continue to view Nicola as a high-potential copper exploration story and await results from diamond drilling of the mineralized halo surrounding the existing pit and previously identified porphyry targets.