Boron One Holdings Inc V.BONE

Alternate Symbol(s): ERVFF

Metals & Mining Industrial Metals & Minerals

Boron One Holdings Inc. is a Canada-based international mineral exploration and development company with its assets in Serbia. The Company is engaged in the acquisition, exploration, and development of its resource properties. Its project includes Piskanja. Piskanja is located in a historical mining region with infrastructure for mining, including roads, rail, electric power, experienced miners, and others. The site is situated 250 kilometers (km) south of Belgrade, Serbia, accessible by paved roads. Lithology at Piskanja is typical of sedimentary basins, primarily consisting of shales, marls, and limestone, with two primary gently undulating borate beds. The mineralization is primarily dense, compact colemanite with some ulexite. The Company’s subsidiary is Balkan Gold Corp.

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Boron One Holdings Inc > Buyout after Mining License

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Comment by Cancap22on Dec 08, 2022 9:38am

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Post# 35158718

RE:RE:RE:RE:RE:RE:Buyout after Mining License

There seem to be a couple of extremely important phrases tha could limit the percentage.

".....will only be incurred under and pursuant to programs prepared by the Operator and approved by the technical committee set out in the Agreement" This is controlled by Balkan Gold.

"....the Company has provided Temas with the irrevocable right and option to EARN up to a 50%..."

"....until such time as Temas has exercised the Option and EARNED its 50%"

All I am suggesting is that Balkan gold has not necessarily given away 50% of the large project. As the remain operator, they choose the programs that provide Temas the opportunity to EARN?

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