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 > Jarandol Basin

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Comment by blueboron99on Feb 06, 2024 9:43am

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Post# 35865039

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

L&L,

TD provided the CAPEX cost breakdown at the last town hall meeting as follows-

1. Equity Finances would be provided by Osmose $23.5M-US (PP tranche)
2. Off take Agreement of $5M-US by a boron purchaser.
3. Debt Financing of $33M-US from a European bank at a low interest rate.

* As per LOI- PP funds were being distributed to Erin and TD decided to apply monies to CAPEX.
Remainder of funding is distributed to Balkan Gold to pay for Parts 2&3 when submitted to Ministry

This equals $61.5M-US which is the CAPEX costs to construct the Piskanja mine prior to production.

(bb-99)

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