Welcome to our dedicated page for Borealis Mining news (Ticker: BORMF), a resource for investors and traders seeking the latest updates and insights on Borealis Mining stock.
Borealis Mining Company Limited (OTC Pink: BORMF) generates frequent news as it advances its gold mining and exploration activities in Nevada. Company updates focus on the Borealis Mine near Hawthorne, Nevada, and the Sandman project, both of which are central to its strategy of combining production from existing infrastructure with exploration-driven growth.
News releases have highlighted Borealis’s transition from exploration to initial production at the Borealis Mine through processing of historic oxide stockpiles. The company has reported multiple gold and silver doré pours from its heap leach and ADR plant, along with details on crushing, stacking, and leaching performance. These operational updates provide insight into plant stability, production milestones, and the role of stockpile processing in generating near-term revenue.
Regulatory and permitting developments are another key theme. Borealis has announced approval of a Minor Modification to the Borealis Plan of Operations by the U.S. Forest Service, enabling expanded mining activities, new waste rock facilities, additional haul roads, and relocation of mine infrastructure. Such announcements give context on the steps required for a planned restart of open-pit mining and blasting at the fully permitted Borealis Gold Mine.
Investors following BORMF can also expect news on financing and corporate actions, including proceeds from warrant and option exercises that the company links to its ability to fund mine restart plans. Additional coverage may include marketing agreements, such as Borealis’s online marketing arrangement with i2i Marketing Group, and media features like the EarthLabs Expeditions episode that profiles the Borealis Mine within Nevada’s mining history.
This news page aggregates these operational, regulatory, financial, and promotional updates in one place, helping readers track how Borealis progresses from stockpile-based production toward its stated goal of resuming open-pit mining at the Borealis Mine and advancing its broader Nevada portfolio.
Borealis (OTCQB: BORMF) filed an NI 43-101 Technical Report effective January 5, 2026 and dated February 19, 2026 for the Sandman Gold Project in Humboldt County, Nevada.
PEA (post-tax, US$2,600/oz): NPV (6%) ~US$203M, IRR ~105%, payback ~1.1 years, initial capital ~US$36M, LOM production ~340,000 oz over ~9 years, AISC ~US$1,823/oz.
Borealis (OTCQB: BORMF) reported Q2 fiscal 2026 results and operational ramp-up at the Borealis Mine in Nevada. Key items: Q2 revenue US$1.42M, gross profit US$0.62M, cash US$21.13M, and working capital ~US$26.7M. Mining activity includes 602,000 tons moved and 45,000 tons crushed; operations are fully staffed and crushing has begun after contractor transition.
The company cautioned the restart is a production decision not based on a feasibility study, noting increased technical and economic risk for the restart.
Borealis Mining (OTC: BORMF) released an updated NI 43-101 PEA for the Sandman gold project (Nevada) showing a post-tax NPV(6%) of US$203 million and an IRR of ~105% at a base-case gold price of US$2,600/oz. The study models ~9-year mine life, avg. annual production ~38,000 oz, LOM 340,000 oz, initial capital ~US$36 million, total LOM capital ~US$57 million, payback ~1.1 years and AISC ~US$1,823/oz.
The PEA leverages Borealis' existing ADR capacity to reduce standalone capital, reflects the C$8.9 million acquisition in March 2025 and follows a C$23 million financing in January 2026.
Borealis Mining (OTC: BORMF) announced its first production blast at the Borealis Gold Mine near Hawthorne, Nevada on January 28, 2026. The East Ridge open pit blast fragmented ~40,000 short tons, marking a restart milestone as material will be hauled to the heap leach pad for stacking, leaching and ADR processing.
The project benefits from existing permitted pits, a permitted heap leach pad and an on-site ADR plant, and historically produced over 600,000 ounces of gold. Permit modifications may be required for expansion and timelines are subject to regulatory review.
Borealis Mining (OTC: BORMF) has commenced mobilization of heavy mining equipment to the Borealis Gold Mine in Nevada, marking a move toward restarting open-pit gold operations. The company engaged Ledcor CMI as mining contractor to handle development, production drilling, blasting, material movement, crushing, stacking on the leach pad, and operational support.
Confirmatory drilling began in early January to validate historical data and support short-term mine planning; the first production blast is anticipated in the coming weeks, subject to scheduling and readiness. The project is fully permitted for current operations, though permit modifications may be needed for expanded production.
Borealis (OTC: BORMF) reported Q1 fiscal 2026 results for the three months ended October 31, 2025: revenue US$1.54M, gross profit US$0.89M, and net loss US$0.88M (improved from US$2.27M year‑ago).
Cash was US$8.18M and working capital US$11.87M at quarter end. Operations focused on processing historic oxide stockpiles; the company completed its first gold pour (956.8 oz doré on September 24, 2025; ~406.9 payable gold oz) and reported stable ADR plant performance.
Borealis made a production decision to restart open‑pit mining and blasting in early 2026, subject to regulatory approvals; the company notes this decision is not based on a feasibility study and carries increased economic and technical risk.
Borealis Mining Company (OTC Pink: BORMF) announced completion of a second pour of gold and silver doré from stockpile crushing and heap leaching at the Borealis minesite on November 12, 2025. A total of 42.83 lb (617 troy ounces) of doré was poured; assays are pending to determine grade and value, with preliminary ~50:50 gold-silver ratio. Heap leaching continues with approximately 153,000 tons crushed to date and additional pours expected before year-end. The company also granted 2,300,000 stock options at $1.63 exercisable for five years and 158,500 RSUs vesting in one year. The mine is fully permitted for current operations, though permit modifications may be required for expansion.
Borealis Mining Company (OTC Pink: BORMF) is featured in Episode 7 of EarthLabs Expeditions, released November 4, 2025, which visits Nevada's Walker Lane Trend and the fully permitted Borealis operation.
The episode documents the project's move toward production—describing blasting and hauling plans, a first official gold pour from freshly crushed and stacked oxide ore, and on-site use of a high-tech heap leach and ADR plant. The video is a paid advertisement funded by Borealis.
Borealis Mining (OTC: BORMF) received U.S. Forest Service approval for a Minor Modification to its Borealis Plan of Operations, signed October 16, 2025, clearing a final regulatory step toward a full mine restart.
The modification adds 68.3 acres of disturbance (total approved area 549.7 acres) and permits expanded pit work, new waste facility development, road construction, and relocation of infrastructure. Borealis is debt-free, says it is fully financed, and plans contractor mobilization in December 2025–January 2026 with drill and blast activities in early January 2026.
Ongoing stockpile crushing and heap leach operations continue, with the ADR plant producing gold and silver recoveries to generate near-term revenues.
Borealis Mining (OTC:BORMF) has achieved a significant milestone with its first successful gold and silver doré pour at the Borealis minesite. The pour yielded 956.7 troy ounces of doré in two bars, with preliminary results indicating approximately a 50-50 gold-silver ratio.
The company is actively processing oxide material through heap leaching, with 106,000 tons currently under cyanide solution treatment and an additional 34,000 tons crushed and ready for leaching. The doré has been sent to Asahi Refining in Salt Lake City for refining and sale, with the next pour expected in several weeks.
The Borealis mine, located near Hawthorne, NV, is fully permitted and has historically produced over 600,000 ounces of gold from open pit heap leach operations. The property maintains significant expansion potential and hasn't been extensively drilled since 2011, except for recent efforts in 2024-2025.