BORON ONE HOLDINGS INC.
NEWS RELEASE – for immediate release
Boron One Holdings Inc. Produces High Value Borate Derivative
-bench scale testing successfully produces high-grade Borax-
November 5, 2024
Victoria, BC
Boron One Holdings Inc. (“Boron One” or the “Company”) [TSXV:
BONE], a company committed to the decarbonization of Planet Earth through the responsible utilization of its boron assets, is pleased to report that it has successfully produced high-grade Borax pentahydrate, derived from feedstock originating from its 100 percent owned Piskanja Boron Property.
Tim Daniels, CEO of Boron One Holdings stated, “We are very excited with the outcome of this testing. Our business model includes the addition of high value boron derivatives in order to help ensure the monetization of our entire deposit, diversify our revenue streams, and maximize shareholder returns by creating some value-added products for the product mix. Importantly, we were able to produce the borax in our testing by utilizing straightforward chemical processes and readily available production equipment.”
The bench-scale testing was conducted on behalf of Boron One by ALS Metallurgy in Australia. The testing confirmed the ability to produce high purity Borax from the Company’s colemanite. QXRD analysis indicated that the process generated Borax pentahydrate with a purity of 99.8 to 100 percent. As a result of this positive bench-scale testing, the Company intends to work to further optimize the parameters and processes involved, followed by bulk-scale production tests.
Tim Daniels continued, “This development is of potential strategic importance to us, as a number of possible off takers and strategic partners that we are in discussions with, have expressed a substantial need for Borax.”
###
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, President
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/.