Boron One Holdings Inc. Advances with Potential Partner
Rhea-AI Summary
Boron One Holdings (ERVFF) is advancing diligence with a potential strategic partner that uses substantial annual volumes of borate concentrates, while launching a non-brokered private placement of C$500,000 to C$800,000 via units at C$0.04 each.
Each unit includes one common share and one warrant exercisable for three years: C$0.05 in year one, C$0.10 in years two and three, with acceleration triggers at sustained trading thresholds. Net proceeds are intended for working capital, testing and planning for future boron extraction, processing and sale; financing remains subject to TSX Venture Exchange approval.
Positive
- Potential strategic partner diligence underway for multiyear commercial relationship
- Up to C$800,000 financing planned to fund working capital and testing
Negative
- Issuance of units and warrants will dilute existing shareholders if subscribed and exercised
- Warrants carry low initial exercise price (C$0.05) and acceleration clauses affecting expiry
- Financing completion is conditional on TSXV approval and other customary conditions
Not for distribution in the US
VICTORIA, BC / ACCESS Newswire / March 31, 2026 / Boron One Holdings Inc. ("Boron One" or the "Company") (TSXV:BONE), a company committed to advancing global decarbonization through the responsible utilization of its boron assets, is pleased to announce that it is progressing through a diligence process with a potential strategic partner that utilizes substantial annual volumes of borate mineral concentrates and derivatives in its industrial operations. The parties are actively evaluating product specification alignment, production planning, and the structure of a multiyear commercial relationship.
"Boron is widely acknowledged as a critical, strategically important mineral, with supply constraints persisting," said Tim Daniels, President of Boron One. "Accordingly, customers are looking to secure their needs through extended offtake agreements or deeper integration into their supply chains. That dynamic strongly supports the position of a new supplier entering the sector."
Additionally, the Company announces that it is undertaking a non-brokered private placement of a minimum of
The Company intends to use net proceeds of the private placement for working capital requirements, including testing and planning with respect to future boron ore extraction, processing and sale.
The company may pay a finder's fee to qualified finders who assist in selling the units, in cash or securities or a combination of both, as permitted by TSX Venture Exchange policy and applicable securities laws.
The private placement is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including approval from the TSX Venture Exchange.
On behalf of the Board of Directors,
Tim Daniels, President
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About the Piskanja Boron Project
Piskanja is Boron One Holdings Inc.'s wholly owned boron deposit with a Measured Mineral Resource of 1.39 million tonnes (averaging
About Boron One Holdings Inc. (formerly known as Erin Ventures Inc.)
Boron One Holdings Inc. is a leading company dedicated to advancing the decarbonization of our planet through the responsible utilization of its wholly owned boron assets in Serbia. With a commitment to environmental stewardship and sustainability, Boron One aims to play a crucial role in reducing the world's carbon footprint and supporting a cleaner, greener future for us all.
Headquartered in Victoria, B.C., Canada, Boron One's shares are traded on the TSX Venture Exchange under the symbol "BONE". For detailed information please see Boron One's website at www.boronone.com or the Company's filed documents at https://www.sedarplus.ca/.
For further information, please contact: | Boron's Public Quotations: |
Qualified Persons
Nenad Rakic, EurGeol, Piskanja Project Field Manager, a qualified person as defined by NI 43-101, has reviewed the technical information that forms the basis for this news release, and has approved the disclosure herein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For Boron One Holdings Inc. Investors
Certain statements made in this press release that are not based on historical information are forward-looking statements that involve substantial known and unknown risks and uncertainties. This press release contains express or implied forward-looking statements relating to, among other things, Boron One's expectations concerning management's plans, objectives and strategies, including its plans for advancing the Company's Piskanja Project through to an exploitation license. These statements are neither promises nor guarantees but are subject to a variety of risks and uncertainties, many of which are beyond our control, and which could cause actual results to differ materially from those contemplated in these forward-looking statements. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry.
Boron One Holdings Inc. undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise except as expressly required by applicable securities law. Further information regarding the uncertainties and risks can be found in the disclosure documents filed by Boron One with the securities regulatory authorities, available at www.sedar.com. These and other factors made in public disclosures and filings by the Company should be considered carefully.
Mineral resources are not mineral reserves and do not have demonstrated economic viability. "Inferred Resources" have a great amount of uncertainty as to their existence, and economic and legal feasibility. Investors are cautioned not to assume that all or any part of an inferred mineral resource reported in this news release will ever be upgraded to a higher category or to reserves. U.S. persons are advised that while mineral resources are recognized under Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. persons are also cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable.
SOURCE: Boron One Holdings Inc.
View the original press release on ACCESS Newswire
FAQ
What are the terms of Boron One's March 31, 2026 private placement (ERVFF)?
How will Boron One (ERVFF) use proceeds from the C$500k–C$800k financing?
