STOCK TITAN

BORON ONE HOLDINGS INC - ERVFF STOCK NEWS

Welcome to our dedicated page for BORON ONE HOLDINGS news (Ticker: ERVFF), a resource for investors and traders seeking the latest updates and insights on BORON ONE HOLDINGS stock.

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.

Rhea-AI Summary

Erin Ventures Inc. (TSXV:EV) has announced the appointment of Frontier Flex Marketing as its marketing consultant to enhance market awareness through various communication channels over a six-month period for $48,000 plus expenses. Additionally, the company has engaged HumbleandFredRadio.com for a twelve-month term at $60,000 to host online interviews and promote awareness of the boron market and Erin's role. Humble & Fred's podcast is one of Canada's most downloaded, targeting an affluent audience aged 25 to 54.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Erin Ventures Inc. has signed a Letter of Intent with Osmose Limited to secure CAD$3,550,000 and €22,000,000 in funding for the Piskanja Boron Project.

This funding will occur in three tranches, with Osmose gaining exclusive rights to future funding, contingent upon meeting specific conditions. The first tranche includes a non-brokered private placement at CAD$0.10 per unit. Subsequent tranches will provide project-level funding in exchange for equity in Erin's Serbian operating company, Balkan Gold.

Tim Daniels, President of Erin, expressed optimism about the partnership, citing Osmose's financial and strategic capabilities as beneficial for the project's advancement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
87.8%
Tags
none
-
Rhea-AI Summary

Erin Ventures Inc. has entered into a Letter of Intent (LOI) with Osmose Limited for equity funding totaling CAD$3,550,000 and Euro22,000,000 for its Piskanja Boron Project. The funding is to be released in three tranches, contingent upon Osmose meeting specific terms. The initial tranche includes a non-brokered private placement priced at CAD$0.10 per unit, which will support project feasibility studies and working capital. Osmose can gain ownership interests in Erin's Serbian subsidiary, Balkan Gold, through subsequent funding rounds. This partnership aims to enhance project development with Osmose's European business expertise.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
87.8%
Tags
none
Rhea-AI Summary

Erin Ventures Inc. (TSXV:EV) announced the completion of a non-brokered private placement offering on January 24, 2023, raising $531,300 through the issuance of 10,626,000 units at $0.05 each. Each unit includes one common share and one warrant, with a two-year exercise period at the same price. Proceeds will fund the development of the Piskanja boron project in Serbia and cover general working capital. The offering is subject to TSX Venture Exchange approval and includes fees of $17,985 for finders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Erin Ventures Inc. (TSXV:EV) has initiated a Feasibility Study for its wholly owned Piskanja Boron Project in Serbia. This study is essential for mineral exploitation licensing and will adhere to Serbian mining regulations. It aims to outline the project’s development scenario, including underground mining and environmental safety considerations. The process, conducted by a reputable engineering firm, is expected to take approximately six months. The project boasts a measured mineral resource of 1.39 million tonnes with significant B2O3 content, suggesting a robust potential for future mining operations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Erin Ventures Inc. plans a non-brokered private placement offering of up to 9,000,000 units at $0.05 per unit, aiming for gross proceeds of $450,000.

Each unit consists of one common share and one two-year warrant, also priced at $0.05. There is an acceleration clause if shares trade at $0.10 for ten consecutive days.

The proceeds will finance the Piskanja boron project in Serbia and support working capital. This offering requires approval from the TSX Venture Exchange.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Erin Ventures Inc. has announced the cancellation of its joint venture and option agreement with Temas Resources Corp., eliminating Temas' potential equity participation in Erin's Piskanja Boron Project. Erin reports ongoing discussions with other strategic partners and is on schedule to acquire an exploitation permit for the project. President Tim Daniels indicated a rising interest in Piskanja, driven by robust preliminary economic assessments and increasing boron demand in the green energy sector. Piskanja remains fully owned by Erin, with significant mineral resources reported.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Erin Ventures Inc. has successfully completed a Geological Elaborate for its Piskanja Boron Project in Serbia, marking a significant step towards obtaining a mineral exploitation license. The Geological Elaborate is a technical study that demonstrates sufficient resource quality and quantity for potential economic exploitation. This follows data repurposing from a previously published Preliminary Economic Assessment (PEA). The project includes a Measured Resource of 1.39 million tonnes at 35.59% B2O3 and further resources totaling 5.48 million tonnes and 284.7 thousand tonnes. The company aims to complete a feasibility study soon.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Erin Ventures (TSXV: EV) plans to submit a Geological Elaborate to the Serbian Mining Ministry within 30 days, crucial for obtaining a 'Certificate of Reserves' as part of the mining license process for its Piskanja boron project. The project contains significant mineral resources, with a Measured Resource of 1.39 million tonnes at 35.59% B2O3 and an Indicated Resource of 5.48 million tonnes at 34.05% B2O3. The company aims to advance mining operations promptly following the formation of a new Serbian government.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary

Erin Ventures Inc. has successfully closed its early warrant exercise incentive program, which encouraged the exercise of 9,618,322 common share purchase warrants. 7,499,570 warrants were exercised, generating proceeds of $374,978.50 for working capital. Each participant received Incentive Warrants, allowing for the purchase of additional shares at $0.05 each until September 9, 2023. The program awaits final regulatory approval. It is deemed a positive step for the company's financing and investor engagement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

FAQ

What is the current stock price of BORON ONE HOLDINGS (ERVFF)?

The current stock price of BORON ONE HOLDINGS (ERVFF) is $0.0557 as of October 9, 2024.

What is the market cap of BORON ONE HOLDINGS (ERVFF)?

The market cap of BORON ONE HOLDINGS (ERVFF) is approximately 11.8M.

What is Boron One Holdings Inc focused on?

Boron One Holdings Inc is dedicated to the decarbonization of Planet Earth through the responsible utilization of its boron assets.

What is the flagship project of Boron One Holdings Inc?

The Piskanja Boron Project in Serbia is the flagship project of Boron One Holdings Inc.

What are Boron One's Measured Mineral Resources?

Boron One's Measured Mineral Resources at the Piskanja Boron Project are 1.39 million tonnes averaging 35.59% B2O3.

What recent acquisition has Boron One made?

Boron One recently acquired a mineral exploration license covering 21 square kilometers in the Jarandol Basin.

Where is Boron One Holdings Inc headquartered?

Boron One Holdings Inc is headquartered in Victoria, B.C., Canada.

BORON ONE HOLDINGS INC

OTC:ERVFF

ERVFF Rankings

ERVFF Stock Data

11.84M
188.50M
5.42%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Victoria