Boron One Receives Certificate of Reserves for its Piskanja Boron Project
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BORON ONE HOLDINGS INC.
NEWS RELEASE – for immediate release
Boron One Receives Certificate of Reserves
for its Piskanja Boron Project
January 15, 2024
Victoria, Canada [ACCESSWIRE]
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 delighted
to announce that it has received a “Certificate of Reserves” for the Company’s wholly owned Piskanja
Boron Project, from the Serbian Mining Ministry . The issuance of the Certificate of Reserves is a
requisite step in the mineral exploitation licensing process, and is the result of the approval of the
Company’s Geological Elaborate.
Having now received the Certificate of Reserves, the Company is preparing to submit its recently
completed Serbian-compliant Feasibility Study and other ancillary documentation to the Mining
Ministry, in order to receive an “Approval for the Exploitation Field”, as the next step in the licensing
process.
Tim Daniels, President of Boron One added, “ We are excited and proud to have received the
Certificate of Reserves, as it is one of the key milestones towards developing Piskanja into a going
concern mine. Importantly, as the process for the Approval for the Exploitation Field is much more
streamlined, we are expecting a considerably shorter vetting timeline than what we experienced for
the Certificate of Reserves”.
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
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.
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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. With a commitment to
environmental stewardship and sustainability, Boron One aims to play a crucial role in reducing the
carbon footprint and supporting a cleaner, greener future.
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 through to an exploitation license.
These statements are neither pr omises 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
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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 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.