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BORON ONE HOLDINGS INC - ERVFF STOCK NEWS

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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.

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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.

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Erin Ventures Inc. has implemented a warrant exercise incentive program to encourage the early exercise of up to 9,618,322 unlisted common share purchase warrants at $0.05 each. The program runs from August 26, 2022, to September 9, 2022, and incentivizes warrant holders with additional purchase warrants. Expected outcomes include gross proceeds of up to $480,916.10 and the issuance of common shares and incentive warrants, subject to TSX Venture Exchange approval. Unexercised warrants will remain valid after the program ends.

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Erin Ventures Inc. has filed an Independent Technical Report providing the Preliminary Economic Assessment (PEA) for its Piskanja boron project in Serbia, as required by NI 43-101. The report includes sensitivity analyses and has been approved by qualified professionals. Temas Resources Corp. may earn a 50% interest in the Piskanja project by issuing shares and incurring expenses. The company highlights potential for mineral resource estimates and future production, while cautioning investors on the inherent risks associated with forward-looking statements and mining operations.

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Erin Ventures Inc. has announced the publication of an initial equity analyst research report by Nick Hatch from MMG Capital Limited. While the report is available for review, the company does not endorse or comment on the opinions or conclusions drawn within it. Erin Ventures, focused on mineral exploration with significant boron assets in Serbia, holds a Measured Mineral Resource of 1.39 million tonnes of boron. The report can be accessed from MMG Capital's website. Erin's shares trade on the TSX Venture Exchange under the symbol EV, and its OTC Pink symbol is ERVFF.

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Erin Ventures Inc. has announced a positive Preliminary Economic Assessment (PEA) for its Piskanja boron project in Serbia, indicating a post-tax Net Present Value (NPV10%) of $524.9 million and an Internal Rate of Return (IRR) of 78.7%. The initial capital cost is projected at $79.9 million, with a payback period of just 12 months. The PEA estimates a gross project revenue of $2.02 billion and a net project cash flow of $1.21 billion over a mine life of 16 years. Average operating costs are set at $167.45 per tonne, with strong potential for resource expansion.

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Erin Ventures Inc. announced a favorable Independent Technical Report and Preliminary Economic Assessment (PEA) for the Piskanja boron project in Serbia. Key highlights include a post-tax Net Present Value (NPV) of $524.9 million, an Internal Rate of Return (IRR) of 78.7%, and a life of mine cash flow of $1.21 billion. Initial capital costs are estimated at $79.9 million with a payback period of just 12 months. The project has potential for resource expansion and aims to contribute to global decarbonization efforts.

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Erin Ventures Inc. held its Annual General and Special Meeting on March 11, 2022, where shareholders approved all proposed resolutions. 66,314,387 common shares, representing 43.10% of the voting power, were present. Director nominees Tim Daniels, James Wallis, Vladan Milosevic, and Dusan Podunavac were all re-elected. Other resolutions included re-appointing Smythe, Chartered Accountants as auditor and re-approving the Stock Option Plan. Further details can be found in Erin's Information Circular dated January 10, 2022.

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Erin Ventures, in collaboration with Temas Resources, reports advancements on the Piskanja Boron Project, detailing an updated Preliminary Economic Assessment (PEA) and Geological Elaborate. The new assessment, which surpasses the 2019 mineral resource estimate, enhances the complexity of the mineral deposit model, crucial for the certification of reserves necessary for the mining license process. The Piskanja deposit in Serbia holds an indicated mineral resource of 7.8 million tonnes at 31.0% B2O3, and an inferred resource of 3.4 million tonnes at 28.6% B2O3.

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Erin Ventures Inc. (TSXV:EV, OTC PINK:ERVFF) announced the commissioning of an updated Preliminary Economic Assessment (PEA) for the Piskanja Boron Project, expected to complete in 90 days. The company’s subsidiary, Balkan Gold, is preparing a Geological Elaborate needed for a Mineral Exploitation License, which will be submitted in Q1/22. Funding for these activities will be provided by Temas Resources Corp., which has an agreement to earn up to a 50% interest in the project by incurring €10.5 million in related expenditures.

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Erin Ventures Inc. has successfully completed a non-brokered private placement offering, raising $544,744.75 by issuing 7,263,263 units at $0.075 per unit. Each unit consists of one common share and one warrant, exercisable at $0.10 for two years. The offering's net proceeds will support the development of the Piskanja boron project in Serbia. The common shares and warrants are subject to a four-month hold period. The offering is pending final acceptance by the TSX Venture Exchange.

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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 9.2M.

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

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9.23M
203.88M
5.42%
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United States of America
Victoria