NICOLA MINING INC.

Nicola Mining Inc. has announced its Annual General and Special Meeting to be held on August 5, 2026, in Vancouver. Shareholders will vote on key corporate matters, including the election of five directors and the appointment of auditors for the upcoming fiscal year. The meeting agenda also includes the re-approval of the company's 2022 Equity Incentive Plan, which covers stock options and performance-based share awards.

Nicola Mining Inc. reported a significant increase in milling revenue to $1.5 million for the three months ended March 31, 2026, achieving a positive gross margin of $366,023. The company also saw its shareholders' equity turn positive to $750,085 from a deficit. Despite these operational improvements, the net loss for the period widened to $1.01 million. Nicola successfully completed a private placement for $4.96 million and, subsequent to quarter-end, closed a US public offering raising US$6.9 million, while also commencing its 2026 exploration drilling program.