Nicola Mining management commentary attributes nine-month 2026 milling revenue growth to increased Blue Lagoon ore processing

• Nicola Mining’s management commentary reported a CAD 6.02 million nine-month loss through September 30, 2026, versus CAD 3.29 million a year earlier.
• Milling revenue rose to CAD 4.11 million from CAD 632,000, primarily driven by increased processing of Blue Lagoon ore, management noted.
• Gross margin reached CAD 1.22 million; management attributed fluctuations primarily to timing differences between milling cost recognition and related revenue.
• The third-quarter loss of CAD 2.01 million primarily reflected Dominion Creek restart costs and share-based compensation, according to management.
• Nine-month operating cash outflow increased to CAD 6.22 million, primarily reflecting Dominion Creek operations and the timing of liability settlements, management noted.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nicola Mining Inc. published the original content used to generate this news brief on November 13, 2026, and is solely responsible for the information contained therein.