Boron One Holdings Inc. Completes an Environmental Impact Assessment for its Piskanja Boron Project

Rhea-AI Summary

Boron One Holdings Inc. (TSXV:BONE) has announced the completion of an independent Environmental Impact Assessment (EIA) for its Piskanja Boron Project. The EIA was commissioned in anticipation of receiving an "Exploitation Field Approval" and will be part of the regulatory package submitted to authorities afterward. The company, focused on decarbonization through responsible boron asset utilization, views this as a crucial step in ensuring environmentally responsible project development.

Positive

• Completion of Environmental Impact Assessment (EIA) brings project closer to regulatory approval
• Progress towards Exploitation Field Approval indicates advancement in licensing process

Negative

• None.

VICTORIA, BC / ACCESS Newswire / May 26, 2025 / Boron One Holdings Inc. ("Boron One" or the "Company") [TSXV:BONE], a company dedicated to the decarbonization of Planet Earth through the responsible utilization of its boron assets, is pleased to announce the completion of an independent Environmental Impact Assessment ("EIA") for its Piskanja Boron Project to ensure that every aspect of the project is evaluated with the utmost care for environmental stewardship.

Boron One commissioned the EIA in anticipation of receipt of an "Exploitation Field Approval", the current licensing step in which the Company is engaged. This EIA is a key component of the regulatory package that will be submitted to authorities post receipt of the Exploitation Field Approval, as the project moves into the next phase of its licensing process.

"We are delighted to have reached this important milestone," said Tim Daniels, President of Boron One. "This study is an essential roadmap, guaranteeing that the development of Piskanja is carried out responsibly, with a strong commitment to environmental sustainability and minimal ecological disruption."

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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 35.59% B2O3), an Indicated Mineral Resource of 5.48 million tonnes (averaging 34.05% B2O3), and an Inferred Mineral Resource of 284.7 thousand tonnes (averaging 39.59% B2O3), calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves (CIM Standards), as disclosed in the Company's report titled, "Technical Report and Preliminary Economic Assessment For The Piskanja Borate Project, Serbia, June 24, 2022". The responsible person for the PEA and the Mineral Resource Estimate contained within, is Prof. Miodrag Banješević PhD. P.Geo, EurGeol, a Qualified Person in accordance with the CIM Definition Standards on Mineral Resources and Reserves (CIM Standards), and independent of Boron One Holdings Inc.

On behalf of the Board of Directors, Tim Daniels

About Boron One Holdings 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:	Boron's Public Quotations:
Blake Fallis, General Manager	TSX Venture:BONE
Phone: 1-250- 384-1999 or 1-888-289-3746	Berlin:EKV
info@boronone.com	US:SEC 12G3-2(B) #82-4432ERVFF
www.boronone.com	OTC PINK:ERVFF

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 https://www.sedarplus.ca/. 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: Erin Ventures, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the significance of the EIA completion for Boron One Holdings' Piskanja Project?

The EIA completion is a key milestone for Boron One Holdings as it's a crucial component of the regulatory package required for project advancement and ensures environmentally responsible development of the Piskanja Boron Project.

What is the current licensing status of BONE's Piskanja Boron Project?

The project is currently in the Exploitation Field Approval stage, with the EIA to be submitted to authorities after receiving this approval.

What is Boron One Holdings' main business focus?

Boron One Holdings focuses on decarbonization through the responsible utilization of its boron assets.

Who is leading Boron One Holdings' Piskanja Project?

Tim Daniels, President of Boron One Holdings, is leading the Piskanja Project development.