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.

TSXV:BONE - Post by User

Boron One Holdings Inc > Jarandol Basin

<< Previous

Bullboard Posts

Next >>

Comment by UterRebornon Feb 06, 2024 9:43am

121 Views

Post# 35865036

RE:RE:RE:RE:RE:RE:RE:Jarandol Basin

Upon finalization of Osmose deal, they purchase 35.5M shares of BONE (~$4.26M) and thus own ~15% of BONE. With cash injection for CofR+FS (a little late mind you), they will own 25% of Piskanja. I don't know what the details of the final offer will be, but Osmose will own at most under 20% of BONE and either 25 or 45% of Piskanja. Any reasonable buy-out option will make them a good return.

It is with the $4.26M plus potentially warrants that BONE could fund the drilling.

As far as Jarondal, my DD indicates they still have rights to it. We shall see.

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario