Nicola Mining Inc. (NASDAQ: NICM) (TSX.V: NIM) (FSE: HLIA) announced that it has engaged ICP Securities Inc. to provide automated market making services using its ICP Premium(TM) algorithm. The agreement, effective April 27, 2026, is designed to improve the liquidity and trading efficiency of Nicola Mining's shares on the TSX Venture Exchange.
Under the terms of the engagement, ICP Securities will receive a monthly fee of C$7,500. The initial term is four months, with automatic renewals for one-month periods thereafter. ICP Securities will act as an arm’s length party and will focus on addressing short-term supply and demand imbalances in the Company’s shares. Importantly, ICP will not receive performance-based compensation or third-party funding, ensuring that its activities are aimed solely at market stability.
Automated market making services like those provided by ICP Securities are crucial for small-cap and junior mining companies, as they help maintain orderly trading and can reduce bid-ask spreads. For investors, this often translates to lower transaction costs and improved ability to buy or sell shares without significant price impact. The engagement signals Nicola Mining's commitment to enhancing shareholder value by ensuring its stock trades efficiently.
Nicola Mining is a junior mining company with a fully permitted mill and tailings facility located near Merritt, British Columbia. The company has signed Mining and Milling Profit Share Agreements with high-grade gold projects and can process both gold and silver mill feed via gravity and flotation processes. Additionally, Nicola owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith, adjacent to Highland Valley Copper, Canada’s largest copper mine. The company also holds 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares.
The engagement of ICP Securities is a strategic move to support the trading of Nicola Mining's shares as it continues to develop its assets. The mining industry often faces volatility due to commodity price fluctuations and company-specific news. Automated market making can help smooth out some of these fluctuations, making the stock more attractive to a broader range of investors.
For further details, the full press release is available at https://ibn.fm/I27tx. Investors can stay updated on Nicola Mining's latest news by visiting the company's newsroom at https://ibn.fm/NICM.
