BORON ONE HOLDINGS INC.
NEWS RELEASE – for immediate release
Boron One Granted New Exploration License as it
Progresses Through Exploitation Approvals
February 5, 2024
Victoria, Canada
Boron One Holdings Inc. (“Boron One” or the “Company”) [TSXV: BONE], a company dedicated to the decarbonization of Planet Earth through the responsible utilization of its boron assets, is pleased to report that it has been granted a new exploration license by the Serbian Ministry of Mining and Energy for the Company’s wholly owned Piskanja Boron Project. This new 3-year license ensures Boron One’s continued exclusive rights to the Piskanja property, as the Company progresses through the mineral exploitation approval process for Piskanja (the “Approval Process”) with the Mining Ministry. As previously reported by the Company, it has received a “Certificate of Reserves” from the Mining Ministry as the first requisite step in the Approval Process, and is readying the mandatory documentation for submission in order to receive the “Approval of the Exploitation Field” as the next step in the Approval Process.
Tim Daniels, CEO of Boron One added, “Requesting a new exploration license was prudent to ensure continuity in our exclusive rights to the Piskanja deposit while we are in process to complete the exploitation licensing procedure. Our original Piskanja exploration license had expired, but exclusive exploitation rights do not commence until we receive an Approval of the Exploitation Field from the Ministry, prompting this interim action to ensure our uninterrupted rights to Piskanja between those two events.” Tim Daniels continued, “Additionally, this new exploration license affords us an opportunity to attempt to expand the extent of the known mineral resource at Piskanja, as there remain unexplored regions of the property that lie outside the currently known mineral body footprint, but within the boundaries of the Piskanja exploration license area.”
About the Piskanja Boron Project Piskanja is Boron One Holdings Inc.’s wholly owned boron deposit with a Measured Mineral Resource of 1.39 million tonnes (averaging 35.59% B2O3), an Indicated Mineral Resource of 5.48 million tonnes (averaging 34.05% B2O3), and an Inferred Mineral Resource of 284.7 thousand tonnes (averaging 39.59% B2O3), calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves (CIM Standards), as disclosed in the Company’s report titled, “Technical Report and Preliminary Economic Assessment For The Piskanja Borate Project, Serbia, June 24, 2022”. The responsible person for the PEA and the Mineral Resource Estimate contained within, is Prof. Miodrag Banjeevi PhD. P.Geo, EurGeol, a Qualified Person in accordance with the CIM Definition Standards on Mineral Resources and Reserves (CIM Standards), and independent of Boron One Holdings Inc.
On behalf of the Board of Directors,
Tim Daniels
About Boron One Holdings Inc. (formerly known as Erin Ventures Inc.) Boron One Holdings Inc. is a leading company dedicated to advancing the decarbonization of our planet through the responsible utilization of boron assets. With a commitment to environmental stewardship and sustainability, Boron One aims to play a crucial role in reducing the carbon footprint and supporting a cleaner, greener future.
Headquartered in Victoria, B.C., Canada, Boron One’s shares are traded on the TSX Venture Exchange under the symbol "BONE". For detailed information please see Boron One's website at
www.boronone.com or the Company's filed documents at
https://www.sedarplus.ca/.
For further information, please contact: Blake Fallis, General Manager
Phone:
1-250- 384-1999 or
1-888-289-3746 info@boronone.com www.boronone.com Boron’s Public Quotations Canada TSX Venture:
BONE Berlin:
EKV US: SEC 12G3-2(B) #82-4432ERVFF
OTCBB:
ERVFF