What you need to know: • Nicola announced that it had completed development work at Dominion Creek for extraction to commence in July 2026; New veins discovered. • NIM announced plans to uplist on the NASDAQ as well as a short-form base prospectus for up to C$10M. • NIM announced its 2026 exploration plans at Treasure Mountain and the expansion of the gravel pit and the completion of the cement ready mix plant at Lower Nicola Site Services. This morning, Nicola Mining Corp. (NIM:TSXV, HUSIF:OTC) announced that it has completed work and all mine development for the 10,000t bulk sample at Dominion Creek. The bulk sample extraction has been pushed back to July 2026 (from 2,000t planned in Q4/25), as while developing, NIM discovered additional veins and the project size has grown. Over the last month, Nicola has also provided other updates, including announcing plans to uplist on the NASDAQ, its 2026 drill program at Treasure Mountain and an expansion of the gravel pit and completion of the cement ready mix plant at Lower Nicola Site Services. We are maintaining our BUY rating and our $1.50/share target price on Nicola Mining. Recent Updates Today’s Announcement – Dominion Creek This morning, Nicola announced that development work for the 10,000t bulk sample at Dominion Creek is complete and, as development continued, three additional veins were discovered, growing the project size. These newly exposed veins represent attractive exploration targets as they are open at depth. The bulk sample extraction has been pushed from the planned 2,000t extracted in Q4/25 to July 2026. This delay is due to the larger project size and the high rainfall this August and September, increasing the risk of haul road damage if overused. Uplisting to NASDAQ On October 27th, NIM filed to list on the NASDAQ under the symbol “NICM” and submitted a C$10M base shelf prospectus in Canada, providing flexibility for future financings. Exploration at Treasure Mountain On October 15th, NIM provided an update on preparatory work at the fully permitted Treasure Mountain Silver Project in B.C., ahead of a 2026 diamond drilling program. The 2026 campaign will build on previous geophysical surveys and soil sampling targeting sulphide-rich, silver-bearing veins northwest of the past producing mine.