Erin Ventures - On the wave of success with boronhttps://news.financial/comments/erin-ventures-uniper-basf-how-business-continues-to-grow-outside-germany#Erin_Ventures_-_On_the_wave_of_success_with_boron Erin Ventures shows where it is really worth investing now with the Element Boron.
Erin Ventures - On the wave of success with boron
Boron is a chemical element in the periodic table of elements with the symbol B and atomic number 5. The trivalent, rare semimetal occurs in deposits worth mining and is enriched there. Boron compounds are finding major use in industries that will be the future in the coming years. For example, elemental boron is used for control rods in nuclear reactors, in radiation protective clothing, and in use for radiation shielding on walls. In the defense industry, it is used in armor and bulletproof vests. Boron is also used in the automotive industry for brake and clutch linings. And in agriculture, boron is an important ingredient in crop protection products.
This industrial diversity encourages the Canadian company Erin Ventures, a junior explorer specializing in boron. The boron market is estimated at USD 4 billion per year. Boron is rare and is found in only seven countries worldwide. In the middle of Serbia, the Company is working its way into the boron deposits there. The boron deposit, named "Piskanja", is 100% owned by Erin Ventures, with a measured mineral resource of 1.39 million t (approx. 35.59% B2O3), an Indicated Mineral Resource of 5.48 million t (approx. 34.05% B2O3) and an Inferred Mineral Resource of 284.7 t (approx. 39.59% B2O3).
For planned production, Erin Ventures expects to produce at least 200,000 t/year. That gives them a market penetration of just under 5%. Sales are focused on the European and Asian markets, which account for over 50% of global demand.
A company like junior explorer Erin Ventures is in a better position. There are boron deposits in only seven countries worldwide, and the Canadian company has secured a large area in Serbia for production. Boron is a sought-after element, whether for use in building alternative energy sources such as nuclear power plants or in agriculture for crop protection. Numerous industries need boron to make their products work.