On April 15, 2024, Nicola Mining Inc. closed the transaction. The company issued 5,499,994 flow-through common shares at a price of CAD 0.23 per share for gross proceeds of CAD 1,264,998.62. The company paid an aggregate of CAD 88,549.90 to one finder in connection with the offering.

All securities issued in connection with the offering are subject to a statutory hold period expiring August 13, 2024.The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement. The transaction included participation from 13 placees and 3 pro group with total pro group involvement of 1,369,564 shares.