Borealis Announces Grant of Restricted Share Units

Rhea-AI Summary

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.

Positive

• None.

Negative

• Potential shareholder dilution from 150,000 new RSUs

Vancouver, British Columbia--(Newsfile Corp. - March 21, 2025) - Borealis Mining Company Limited (TSXV: BOGO) (FSE: L4B0) (the "Company" or "Borealis") announces that it has granted an aggregate of 150,000 restricted share units (each, an "RSU") to employees and an officer of the Company pursuant to the terms of the Company's omnibus long-term incentive plan. The RSUs shall vest on the date that is one (1) year from the date of grant.

About Borealis

Borealis is a gold mining and exploration company focused on exploration and resumption of production of the Borealis Mine in Nevada. The Borealis Mine is a fully permitted mine site, equipped with active heap leach pads, an ADR facility, and all necessary infrastructure to support a heap leach gold mining operation. In addition to the mine, the property, comprised of 815 unpatented mining claims of approximately 20 acres each totaling approximately 16,300 acres and one unpatented mill site claim of about five acres located in western Nevada, is highly prospective for additional high-sulfidation gold mineralization. Borealis is led by a strong board and management team, many of whom have founded, managed, and sold highly successful mining and exploration companies.

For further information, please contact:

Kelly Malcolm
President and Chief Executive Officer
info@BorealisMining.com
Office: (289) 371-3371

This news release may contain certain "forward-looking information" within the meaning of applicable securities law. Forward-Looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-Looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245698

FAQ

How many RSUs did Borealis Mining (BOGO) grant in March 2025?

Borealis Mining granted 150,000 restricted share units (RSUs) to employees and an officer.

When will the BOGO RSUs granted in March 2025 vest?

The RSUs will vest one year from the date of grant, which would be March 21, 2026.

What stock exchanges is Borealis Mining (BOGO) listed on?

Borealis Mining is listed on the TSX Venture Exchange (TSXV: BOGO) and Frankfurt Stock Exchange (FSE: L4B0).

What is the purpose of BOGO's RSU grant announced in March 2025?

The RSUs were granted under the company's omnibus long-term incentive plan, typically used to compensate and retain employees and officers.