Boron One Holdings Inc. Advances the Licensing Process for its Piskanja Boron Project
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BORON ONE HOLDINGS INC.
NEWS RELEASE – for immediate release
Boron One Holdings Inc. Advances the Licensing Process
for its Piskanja Boron Project
- Boron One Applies for Exploitation Field Approval -
July 2, 2024
Victoria, Canada [ACCESSWIRE]
Boron One Holdings Inc. (“Boron One”, the “Company”) [TSXV: BONE], a company committed to the
decarbonization of Planet Earth through the responsible utilization of its boron assets, is pleased to
announce that it has applied to the Serbian Mining Ministry for an “Approval of the Exploitation
Field”, for the Company’s wholly owned Piskanja Boron Project . This submission marks a
fundamental step forward in the mine licensing process.
Once granted, an “Approval of the Exploitation Field” provides exclusive rights to develop and
monetize a mineral deposit in Serbia. Boron One's submission for this Approval includes a Serbian
compliant Feasibility Study, an Environmental Impact Assessment Synopsis, the “Certificate of
Reserves” for Piskanja, and required permits from various Serbian Governmental Ministries, all in
accordance with Serbian mining regulations.
Tim Daniels, President of Boron One, stated, “Applying for the Exploitation Field Approval is a
significant milestone for us as we progress in the development of Piskanja.” Daniels added, “While
we await the Ministry's approval, we are actively pursuing other critical tasks, such as securing
strategic partners, sourcing engineering groups for the design and construction of our mining and
processing facilities, and establishing relationships with off-takers who require our boron.”
Following the granting of the Approval of the Exploitation Field, Boron One will continue with the
licensing and development processes by completing and submitting blueprinted mine and
processing designs for approval, the final requisite step before commencing the construction of the
facilities.
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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 Resourc e of 284.7 thousand
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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. (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:
Blake Fallis, General Manager TSX Venture: BONE
Phone: 1-250- 384-1999 or 1-888-289-3746 Berlin: EKV
[email protected] US: SEC 12G3-2(B) #82-4432ERVFF
www.boronone.com OTCBB: 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. These statements are neither
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promises nor guarantees but are subject to a variety of risks and uncertainties, many of which are
beyond the Company’s 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 govern mental,
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, de lays 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 Exc hange 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.