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NICOLA MINING INC.

For the period ended Dec 31, 2025. Filed Apr 27, 2026.

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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.

FY2025 · Filed Apr 27, 2026

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NICM$4.84-2.4%Stored close · as of Nov 5, 2026
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Contents

EX-99.1 · Changes to Contracts

Changes to Contracts

Nicola Mining Inc. | Annual Information Form Page 15

The Company does not currently anticipate any material renegotiation or termination of contracts that would significantly affect its business. However, the Company’s operations rely heavily on custom milling agreements, particularly with Ocean Partners UK. Any changes to this offtake agreement could impact revenue and working capital. Similarly, profit-sharing agreements with High Range and Osisko are integral to the Merritt Mill’s utilization. While no changes are expected, any termination or renegotiation of these agreements could adversely affect operational continuity and financial performance.

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