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Nicola Mining partners with Red Eye Resources to share profits from precious metal milling in BC.

Company Fundamentals
17 Aug 2026
Newsfile Corp
View Source
Bullish
pluang ai news

Nicola Mining Inc. has signed a profit-sharing agreement with Red Eye Resources allowing Red Eye to process qualifying mineralized material at Nicola's Merritt Mill in British Columbia. This collaboration focuses on precious metals, with profits split equally, leveraging Nicola's unique milling permit to support smaller projects without large capital costs. The partnership aims to boost near-term economic value by combining Red Eye's project expertise with Nicola's established infrastructure, aligning with BC's push to strengthen its domestic mining industry.

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