Nicola Mining Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSXV:NIM Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
09 Oct 25	SellCA$14,073	Peter Espig	Individual	12,237	CA$1.15
08 Sep 25	SellCA$8,977,335	Concept Capital Management Ltd	Company	11,083,123	CA$0.81
09 Dec 24	BuyCA$15,000	Peter Espig	Individual	44,776	CA$0.33

Insider Trading Volume

Insider Buying: NIM insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of NIM?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	6,215,866	3%
VC/PE Firms	43,408,898	20.9%
Institutions	47,590,017	23%
General Public	110,079,722	53.1%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 24.2%.

Top Shareholders

Top 6 shareholders own 46.9% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
20.9%	Concept Capital Management Ltd	43,408,898	CA$37.8m	39.3%	89.47%
14.8%	Columbia Management Investment Advisers, LLC	30,598,376	CA$26.6m	45.1%	no data
8.2%	BMO Asset Management Corp.	16,991,641	CA$14.8m	0%	no data
2.92%	Peter Espig	6,048,722	CA$5.3m	6.38%	no data
0.057%	Frank Hogel	117,144	CA$101.9k	0%	no data
0.024%	Paul Johnston	50,000	CA$43.5k	100%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/06 05:16
End of Day Share Price	2025/11/06 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nicola Mining Inc. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ben Pirie	Atrium Research
Mark La Reichman	NOBLE Capital Markets, Inc.