Nicola Mining (OTCQ HUSIF) Bags Dominion Creek Mineral Project Draft Permit.

The precious metals industry is clearly one to watch given the record-breaking rally seen in gold in recent days, and that neatly brings us to the latest developments related to Nicola Mining Inc. (OTC: HUSIF). On Thursday the company was in the news cycle after it made a key new announcement about its Dominion Creek Mineral Project.

Key Permit Awarded

In the news release yesterday, the company announced that it had been awarded the draft bulk sample permit for the project, known for high-grade silver and gold. It was also noted that Nicola Mining owned a 75% stake in the project. The British Columbia Ministry of Mining and Critical Minerals issued the permit in question. The permit provided the regulatory structure for the extraction of 10,000 tons of silver and gold ore at the project.

Further Information

The company also pointed out that in an announcement on August 23, it had provided the information about the completion of due diligence at the site. The necessary reclamation deposit pertaining to the project had also been paid by Nicola Mining; it was further noted. It may be a good time to keep an eye on the stock.

CEO Quote

“The two parties have worked closely together for three years to garner this milestone,” said Peter Espig, President & CEO of Nicola. “High Range President, Alan Raven, has been associated with the project for over two decades and first submitted the application in 2018. To finally be able to move forward with a mine plan is another step forward for Nicola’s goal of creating shareholder value, and we are fortunate to have Alan’s knowledge, experience, and passion to solidify the partnership.”

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