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 reports on Nevada gold mining and development activity tied to the Borealis Mine and the Sandman Gold Project in Humboldt County. Recurring updates include NI 43-101 technical reports, preliminary economic assessments, engineering work, metallurgy, permitting, resource modeling, geotechnical studies and environmental inputs for Sandman.
Company news also addresses the use of Borealis' existing adsorption-desorption-recovery facility in project planning, along with capital-structure disclosure, governance matters, operating results and foreign-issuer security disclosures connected with BORMF.
Borealis (OTCQB:BORMF) reported record unaudited Q3 fiscal 2026 revenue of US$6.1 million and gross profit of US$1.83 million, driven by ramp-up at the Borealis Mine. The quarter ended April 30, 2026 also saw gold sales of 1,265.189 ounces.
For the nine months, revenue reached US$9.02 million and gross profit US$3.34 million. Borealis reported a quarterly net loss of US$0.78 million but held US$18.87 million in cash, US$26.61 million in working capital, and advanced engineering and drilling at the Sandman Gold Project.
Borealis (OTCQB:BORMF) reported record quarterly revenue of US$6.06 million and gross profit of US$1.83 million for the quarter ended April 30, 2026, driven by ramp-up at the Borealis Mine.
Nine-month revenue reached US$9.02 million. Cash was US$18.87 million, working capital US$26.61 million, and shareholders’ equity US$17.50 million. Net loss was US$0.78 million. Operations included 726,000 tons mined and 664.787 ounces of gold sold. Borealis advanced the Sandman Gold Project, including a 5,000-metre drill program and ongoing engineering and permitting work.
Borealis (OTCQB:BORMF) has launched a 5,000 metre drill program at its Sandman gold project in Nevada, starting around June 19, 2026. The program will support metallurgical and geotechnical studies, mine planning and permitting, and resource expansion drilling across four deposits with pit-constrained resources and a robust PEA.
Borealis Mining (OTCQB: BORMF) has initiated detailed engineering, permitting and technical programs at the Sandman Gold Project in Humboldt County, Nevada to advance toward a construction decision.
The company engaged M3 and RESPEC for engineering and technical work, retained Sunstone for environmental baseline studies and Hunton Andrews Kurth for U.S. permitting, and is evaluating use of its existing ADR facility (~220 miles) to reduce initial capital.
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.