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 > Temas Resources announces termination of Piskanja Project

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Comment by UterRebornon Dec 24, 2022 5:28pm

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Post# 35191282

RE:RE:Temas Resources announces termination of Piskanja Project

I am sure there was more to the decision to terminate the JV, but going forward Temas was looking at massive dilution to their stock. In the beginning when their SP was $1-2, this seemed like a good deal. I believe the $5 million credit line they have converts to equity. They could have funded Piskanja, with minor dilution. But, given the financial obligations they have, coupled with a $0.05 SP, not too pretty going forward.
At least we got a free ride for Part 1 of the license.
JMHO

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