Welcome to our dedicated page for Borealis Explora news (Ticker: BOREF), a resource for investors and traders seeking the latest updates and insights on Borealis Explora stock.
Borealis Explora (BOREF) provides investors with comprehensive updates on its gold mining operations and exploration activities in Nevada. This page aggregates all material developments related to the company’s heap leach processing, ADR facility operations, and strategic resource expansion efforts.
Access authoritative updates on operational milestones including carbon stripping efficiency improvements, doré production volumes, and exploration program results. The curated news collection covers permitted mine operations, oxide mineralization discoveries, and processing technology optimizations without speculative commentary.
Key updates include quarterly production reports, resource estimate revisions, drilling program outcomes, and infrastructure expansion announcements. All content undergoes strict verification to ensure compliance with mining disclosure standards and financial reporting regulations.
Bookmark this page for direct access to Borealis Explora’s official communications regarding its Nevada operations, including technical process enhancements and exploration target validation. Check regularly for unfiltered updates on precious metal recovery rates and permitted facility developments.
Borealis Mining Company (TSXV: BOGO) has announced plans to commence gold production at its Borealis Gold Project in Nevada, with crushing and stacking operations beginning June 9th, 2025. The company has appointed Robert Buchan as Non-Executive Chairman.
The project features a stockpile of ~327,000 short tons of oxide and transition material, with recent bulk sample testing showing an average grade of 0.016 oz/st Au and expected recovery of ~70% through conventional heap leaching. First gold pour is anticipated by late July 2025, with production continuing until at least Q2 2026.
The company plans to resume open pit mining in Q4 2025. The Borealis mine, located near Hawthorne, NV, is fully permitted and equipped with existing infrastructure, including heap leach pads and an ADR facility. The project has historically produced over 600,000 ounces of gold from open pit heap leach operations.
Borealis Mining Company (TSXV: BOGO) (FSE: L4B0) has announced the grant of 150,000 restricted share units (RSUs) to its employees and an officer. The RSUs are awarded under the company's omnibus long-term incentive plan and will vest after a one-year period from the grant date on March 21, 2025.
Borealis Mining Company (TSXV: BOGO) has completed the acquisition of Gold Bull Resources Corp. and its advanced Sandman Gold project in Nevada. The transaction, approved by Gold Bull shareholders on February 28, 2025, involved exchanging each Gold Bull share for 0.93 Borealis shares, resulting in 14,048,403 new Borealis shares being issued.
The deal provides Borealis with a low-capex, high-IRR gold project in Nevada, featuring significant exploration potential. A key synergy is the ability to use Borealis' ADR facility to process Sandman's loaded carbon, reducing capital expenses and permitting risks. Post-transaction, existing Borealis shareholders own 86% of the company, while former Gold Bull shareholders hold 14%.
The acquisition also includes the Big Balds exploration project near the Bald Mountain gold mine. Gold Bull shares will be delisted from TSXV around March 14, 2025.
Borealis Mining Company (TSXV: BOGO) has announced significant drill results from its Borealis Gold Project in Nevada's Walker Lane trend. Notable oxide intercepts include 30.5m of 4.48 g/t Au & 20.5 g/t Ag (including 6.1m of 15.16 g/t Au) at the Cerro Duro deposit.
The drilling program confirmed and exceeded historical assay results near historic open pits, with additional findings in historical backfill material showing potential for heap-leachable gold. The Cerro Duro deposit, classified as a high-sulfidation epithermal system, contains historical resources of 95,600 ounces of gold and 476,500 ounces of silver in the Measured and Indicated categories.
The company plans to continue exploration throughout 2025 and aims to submit a permit application to the Bureau of Land Management in early 2026. The project benefits from existing infrastructure, including open pits, heap leach pads, and an ADR facility, with historical production exceeding 600,000 ounces of gold.
Borealis Mining Company (TSXV: BOGO) has announced the restatement and re-filing of its unaudited interim financial statements for the period ending October 31, 2024. The restatement was necessary to correct the comparative column of the statements of loss and comprehensive loss and statements of cash flows for the three months ended October 31, 2023.
The company clarified that no adjustments were made to the statements of financial position or statements of changes in shareholders' deficiency. Additionally, all figures reported for the period ending October 31, 2024, remain unchanged, including the Consolidated Statement of Financial Position, Loss and Comprehensive Loss, Changes in Shareholders' Equity, and Cash Flows. The management's discussion and analysis also remains unaffected.
Borealis Mining Company has announced significant gold production updates from its Borealis Mine. The company sold its final 2024 doré shipment to Asahi Refining, containing 190.79 troy oz of gold and 119.88 troy oz of silver. Additionally, approximately 24 tonnes of spent gold-laden carbon was shipped to Just Refiners, containing an estimated 368 troy oz of gold and 997 troy oz of silver.
The company plans to increase gold production in 2025 by crushing its ~330,000 ton stockpile of mineralized oxide material. To prepare for this, Borealis is replacing the carbon in its ADR circuit to improve loading capacity and leaching efficiency. The Borealis mine, located near Hawthorne, NV, is fully permitted and equipped with existing open pits, heap leach pads, modern infrastructure, and a functional ADR facility. The project has historically produced over 600,000 ounces of gold from open pit heap leach operations.
Borealis Mining Company has entered into a definitive agreement to acquire Gold Bull Resources through a share exchange ratio of 0.93 Borealis shares for each Gold Bull share, valuing Gold Bull at approximately $0.60 per share. The transaction represents a significant premium of 86.3% to Gold Bull's 30-day VWAP.
The acquisition adds Gold Bull's Sandman Project in Nevada, which contains 433,000 Indicated and 60,800 Inferred gold ounces. The 2023 PEA for Sandman shows promising economics with a post-tax IRR of 81%, NPV of US$121 million, and average annual gold production of 37.9k oz at US$1,800/oz gold price. The project requires low initial capital of US$31.5 million.
Upon completion, existing Borealis and Gold Bull shareholders will own approximately 86% and 14% of the combined entity, respectively. The transaction is expected to close in late January or early February 2025, subject to shareholder and regulatory approvals.
Borealis Mining Company has announced an agreement with ICP Securities to provide automated market making services. The agreement includes the use of ICP's proprietary algorithm, ICP Premium™, in compliance with TSX Venture Exchange policies. Under the terms, ICP will receive a monthly fee of $7,500 for an initial four-month term, with no performance-based compensation or stock options. ICP's primary role will be addressing temporary supply and demand imbalances in Borealis shares, with ICP bearing all costs related to trading activities.
Borealis Mining has announced significant drill results from its Graben target at the Borealis Gold Project in Nevada. Key highlights include drillhole DHBM011 yielding 2.25 g/t Au over 99.1m including 4.06 g/t Au over 21.3m, and DHBM013 returning 2.11 g/t Au over 36.6m including 8.24 g/t Au over 4.6m. The Graben historical gold deposit shows large widths of consistent gold mineralization within a silicified and sulfidized body. The company plans to return to the Graben area in early 2025 for additional testing and is permitted for a 55,000-tonne underground bulk sample.
Borealis Mining has expanded its Nevada property by adding 3.66 square miles through claim staking, bringing the total package to 26.56 square miles. The new claims include 14 historical drillholes with significant gold mineralization, featuring intercepts such as 20m of 0.55g/t gold and 12m of 0.62g/t gold. Historical surface samples show gold grades between 0.3g/t and 1.57g/t, with silver grades up to 5 ounces per tonne. The expansion is located near Headwater Gold's recently staked claims, which operate under a Newmont earn-in agreement. The Borealis mine has historically produced over 600,000 ounces of gold from open pit heap leach operations.
