Borealis Announces Gold Pour and Grant of Options
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.
Azienda Mineraria Borealis (OTC Pink: BORMF) ha annunciato il completamento della seconda colata di doré d'oro e argento proveniente dal triturato degli stockpile e dal heap leaching sul sito Borealis il 12 novembre 2025. In totale sono state fuse 42,83 lb (617 once troy) di doré; le analisi sono in attesa per determinare grado e valore, con rapporto preliminare ~50:50 tra oro e argento. L'heap leaching procede con circa 153.000 ton frantumate fino ad oggi e ulteriori colate sono previste entro la fine dell'anno. L'azienda ha inoltre concesso 2.300.000 stock options a 1,63 USD di esercizio per cinque anni e 158.500 RSU che maturano in un anno. La miniera è pienamente autorizzata per le operazioni attuali, anche se modifiche al permesso potrebbero essere necessarie per l'espansione.
Compañía Minera Borealis (OTC Pink: BORMF) anunció la finalización de una segunda colada de doré de oro y plata proveniente del triturado de reservas y del lixiviación en pila en el yacimiento Borealis el 12 de noviembre de 2025. Se vertió un total de 42,83 lb (617 onzas troy) de doré; se esperan ensayos para determinar la pureza y el valor, con una relación preliminar ~50:50 oro-plata. El lixiviado en pila continúa con aproximadamente 153.000 toneladas trituradas hasta la fecha y se esperan más vertidos antes de fin de año. La empresa también otorgó 2.300.000 opciones sobre acciones a 1,63 USD de ejercicio por cinco años y 158.500 RSU que vencerán en un año. La mina está totalmente permitida para las operaciones actuales, aunque podrían requerirse modificaciones de permisos para la expansión.
보리아리스 광업회사 (OTC Pink: BORMF)는 보리아리스 광산 현장에서 매장 매립 파쇄 및 더미 침출로 인한 금/은 도로가 2차 주입을 완료했다고 발표했다. 2025년 11월 12일에. 총 42.83 lb (617 트로이 온스)의 도로가가 주입되었으며, 등급 및 가치를 결정하기 위한 분석은 보류 중이며 예비 비율은 금-은 약 50:50이다. 더미 침출은 현재까지 약 153,000톤이 파쇄되었으며 연말까지 추가 주입이 예상된다. 회사는 또한 2,300,000주 옵션을 행사가 1.63달러로 5년간 부여했고 158,500 RSU가 1년 후 vesting된다. 광산은 현재 운영에 필요한 모든 허가를 가지고 있지만 확장을 위한 허가 수정이 필요할 수 있다.
Compagnie minière Borealis (OTC Pink: BORMF) a annoncé l'achèvement d'une deuxième coulée de doré d'or et d'argent à partir du broyage des stocks et du lixiviation en tas sur le site minier Borealis le 12 novembre 2025. Un total de 42,83 lb (617 onces troy) de doré a été fondu; des analyses sont en attente pour déterminer le grade et la valeur, avec un ratio préliminaire d'environ ~50:50 or/argent. Le lixiviage en tas se poursuit avec environ 153 000 tonnes broyées à ce jour et d'autres coulées attendues avant la fin de l'année. La société a également accordé 2 300 000 options d'achat d'actions à 1,63 USD d'exercice pour cinq ans et 158 500 RSU qui vestent après un an. La mine est entièrement autorisée pour les opérations actuelles, bien que des modifications de permis puissent être requises pour l'expansion.
Borealis Bergbau AG (OTC Pink: BORMF) kündigte die Fertigstellung einer zweiten Gusscharge von Gold- und Silberdoré aus dem Lagerbahnzerkleinerung und dem Heap-Lagern am Borealis-Bergbaustandort am 12. November 2025 an. Insgesamt wurden 42,83 lb (617 troy ounces) Doré gegossen; Analysen stehen aus, um Grade und Wert zu bestimmen, mit einem vorläufigen ca. 50:50 Gold-Silber-Verhältnis. Das Heap-Lagern geht weiter mit ca. 153.000 Tonnen bislang zerkleinert und weitere Güsse werden vor Jahresende erwartet. Das Unternehmen hat außerdem 2.300.000 Aktienoptionen zu 1,63 USD Ausübungspreis für fünf Jahre gewährt und 158.500 RSU vesting in einem Jahr. Die Mine ist derzeit vollständig genehmigt für den Betrieb, obwohl für eine Expansion Genehmigungsänderungen erforderlich sein können.
شركة بوراليس للتعدين (OTC Pink: BORMF) أعلنت اكتمال صب دفعة ثانية من doré الذهب والفضة من سحق المستودعات والتسريب القمعي في موقع منجم بوراليس في 12 نوفمبر 2025. إجمالي 42.83 رطل (617 أونصة تروي) من doré صُبّت؛ الاختبارات جاهزة لتحديد الدرجة والقيمة، مع نسبة أولية تقارب 50:50 بين الذهب والفضة. يستمر التسريب القمعي مع سحق حوالي 153,000 طن حتى تاريخه وتوقّع صَبّات إضافية قبل نهاية العام. كما منحت الشركة 2,300,000 خيار أسهم بسعر تنفيذ 1.63 دولار لمدة خمس سنوات و 158,500 RSU ستتحقق في عام واحد. المنجم حاصل على جميع التراخيص اللازمة للعمليات الحالية، على الرغم من أن تعديلات الترخيص قد تكون مطلوبة للتوسع.
- Second doré pour of 42.83 lb (617 troy oz)
- 153,000 tons of oxide stockpile crushed to date
- Operational ADR facility producing doré bars
- Assay results pending for grade and value, creating short-term uncertainty
- Permit modifications may be required for expanded production; timing uncertain
Toronto, Ontario--(Newsfile Corp. - November 12, 2025) - Borealis Mining Company Limited (TSXV: BOGO) (OTC Pink: BORMF) (FSE: L4B0) (the "Company" or "Borealis") is pleased to announce that it has successfully completed its second pour of gold and silver doré from the previously announced stockpile crushing and heap leaching at the Borealis minesite. A total of 42.83 pounds, equivalent to 617 troy ounces of doré, was poured as shown in Figure 1.
Borealis is awaiting assay results from the pour to determine the grade and value of the doré but preliminary results indicate roughly a 50-50 gold-silver ratio, plus some additional waste metal. Heap leaching and crushing of the stockpile of oxide material continues, with approximately 153,000 tons crushed to date. Gold and silver are actively being collected in Borealis' carbon columns and the Company anticipates additional pours before year-end. In conjunction with this pour, the Company completed its annual stack testing, a regulatory requirement that ensures the plant is operating within environmental standards.
Figure 1: Gold and silver doré from the second pour at the Borealis mine from production of previously mined stockpile material.
To view an enhanced version of this graphic, please visit:
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Grant of Stock Options and RSUs
In addition, the Company is pleased to announce that it has granted an aggregate of 2,300,000 stock options to purchase common shares in the capital of the Company and an aggregate of 158,500 restricted share units ("RSUs") convertible into common shares of the Company to certain officers, directors, employees and consultants of the Company and a company performing investor relation activities to the Company in accordance with the omnibus long term incentive plan of the Company. The stock options are exercisable at a price of
Qualified Person and QA&QC
The scientific and technical content of this news release was reviewed, verified, and approved by Kelly Malcolm, P.Geo., Chief Executive Officer of the Company, and a Qualified Person as defined by Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Borealis Mine
The Borealis mine property, located close to the town of Hawthorne, NV, is fully permitted and equipped for present mine operations and future expansion, with existing open pits, heap leach pads, modern infrastructure, and a functional ADR facility which produces doré bars. The project has historically produced over 600,0001 ounces of gold from an open pit heap leach operation. It is an under-explored property and has not been drilled since 2011, aside from Borealis' efforts in 2024 and 2025. The property possesses high grade expansion potential with excellent historical drilling results, along with a number of untested regional targets. 1Please see the Borealis Mine technical report entitled "NI 43-101 Technical Report, Project Status Report, Borealis Mine, Nevada, U.S.A." authored by Douglas Reid, P.Eng. of SRK Consulting, dated February 16, 2024. The report can be found on SEDAR+ or the Borealis website.
The Borealis Project holds existing federal and state permits for mining and processing operations. However, certain permit modifications may be required for expanded production, and the timeline for such approvals is subject to regulatory review. The Company cannot guarantee the timing or success of any permit modifications that may be required for future expansions.
About Borealis
Borealis is a gold mining and exploration company focused on exploration and resumption of production of the Borealis Mine in Nevada and the advancement of its Sandman project also 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. The Sandman project, recently acquired through the acquisition of Gold Bull Resources Inc., is an advanced exploration project with a recently completed (2021) NI 43-101 compliant resource and a recent (2023) Preliminary Economic Assessment which indicates compelling economics, particularly in light of the increase in commodity prices since publication of the study. 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.
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FAQ
How much doré did Borealis (BORMF) pour on November 12, 2025?
What ratio of gold to silver did the November 2025 BORMF pour show?
How much oxide material has Borealis crushed for heap leaching in 2025 (BORMF)?
What equity incentives did Borealis grant on November 12, 2025 (BORMF)?
Are Borealis's November 2025 pour assay results available (BORMF)?
Will Borealis require new permits to expand production at the Borealis mine (BORMF)?
