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BORON ONE HOLDINGS INC (ERVFF) is a leading company dedicated to the decarbonization of Planet Earth through the responsible utilization of its boron assets. The company, formerly known as Erin Ventures Inc., is focused on advancing the decarbonization agenda by leveraging its wholly owned boron assets. With a commitment to environmental stewardship and sustainability, Boron One aims to play a crucial role in reducing the carbon footprint and supporting a cleaner, greener future. The company's flagship project, the Piskanja Boron Project in Serbia, has demonstrated significant potential with Measured, Indicated, and Inferred Mineral Resources. The recent acquisition of a mineral exploration license covering 21 square kilometers in the Jarandol Basin further underscores Boron One's commitment to expanding its footprint in the boron sector.
Boron One Holdings has taken a significant step in developing its Piskanja Boron Project by applying for the 'Approval of the Exploitation Field' from the Serbian Mining Ministry. This approval, once granted, will give Boron One exclusive rights to develop and monetize the mineral deposit in Serbia. The application includes a Serbian-compliant Feasibility Study, Environmental Impact Assessment, Certificate of Reserves, and necessary permits from various government ministries. While awaiting approval, Boron One is actively seeking strategic partners and engineering groups for the mine and processing facilities' design and construction. They are also establishing relationships with potential boron off-takers. Once the approval is granted, Boron One will finalize and submit blueprint designs, the last step before starting construction.
Boron One Holdings has successfully closed its warrant exercise incentive program, initially announced in May 2024. The program aimed to encourage the exercise of up to 10,626,000 unlisted common share purchase warrants. As a result, 5,366,000 warrants were exercised, raising $268,300 for general working capital. Participating holders received an equal number of new warrants, allowing them to purchase additional shares at $0.07 until December 2026. These new warrants are subject to a four-month hold period and can be accelerated if the company's shares trade above $0.15 for ten days. The program awaits final approval from the TSX Venture Exchange.
Boron One Holdings has provided an update on the licensing process for its Piskanja Boron Project in Serbia. The Ministry of Environmental Protection has mandated an environmental impact assessment (EIA) for the project and defined the study's scope. Boron One had preemptively engaged the Mining Institute of Belgrade to prepare the EIA. The decision has been publicly posted, and the company is awaiting final documentation detailing the EIA requirements. Boron One plans to submit for 'Approval for the Exploitation Field', marking the next step in the licensing process. The full EIA submission is not required until 2025.
Boron One Holdings has successfully closed a non-brokered Unit Private Placement, raising $132,000 through the sale of 2,640,000 Units at $0.05 per unit. Each unit includes one common share and one warrant, exercisable at $0.07 for 30 months. The company paid $7,320 in finder's fees and plans to use the net proceeds for general working capital. Securities issued are subject to a hold period until October 8, 2024. Boron One Holdings focuses on mineral exploration and development, particularly in Serbia. The company's stock is traded on the TSX Venture Exchange under the symbol 'BONE'.
Boron One Holdings announced an update to its early warrant exercise incentive program, initially detailed on May 6, 2024. The program encourages the exercise of up to 10,626,000 unlisted common share purchase warrants issued from a private placement on January 25, 2023. Each warrant is exercisable at $0.05 per share. Participants exercising these warrants during the early exercise period (May 29, 2024 - June 12, 2024) will receive an additional new warrant, exercisable at $0.07 for 30 months. This could fund working capital purposes. The program requires TSX Venture Exchange approval and limits insider exercises to 10% of total eligible warrants. Boron One's trading symbol is BONE on the TSX Venture Exchange.
Boron One Holdings Inc. announces the implementation of a warrant exercise incentive program to encourage the exercise of unlisted common share purchase warrants, potentially raising up to $531,300 in gross proceeds. The program offers an additional incentive to warrant holders who exercise early, subject to final regulatory approvals and stock exchange conditions.
Boron One Holdings Inc. provided an update on the mineral exploitation licensing process for its Piskanja Boron Project. The company has been granted a Certificate of Reserves, a important step in the process, and is ready to proceed to the Approval for the Exploitation Field pending the final permit from the Environment Ministry.
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