Boron One: Licensing process update

VICTORIA, BC / ACCESS WIRE / October 28, 2024 / Boron One Holdings Inc. (“Boron One” or the “Company”) (TSXV:BONE), a company committed to decarbonizing planet Earth through the responsible use of its drilling assets, announces that its application for Field Approval for its The Piskanja Boron Project, a necessary step in the mining permitting process, has undergone an evaluation by the Serbian Ministry of Mines.

In its response to Balkan Gold doo, the company’s wholly owned subsidiary, the Ministry of Mines noted that certain revisions and additional information are required before the company’s application can be approved. The company has 30 days to submit the revised documentation for further review.

“We are pleased to be involved in the vetting process for the field approval,” said Tim Daniels, president of Boron One. “It is our experience that it is not unusual for the Department to require additional data and clarification, as they have done in this case. Our technical team will work hard to assess the Ministry’s response and provide additional information as soon as possible. “

About the Piskanja Boron project

Piskanja is Boron One Holdings Inc.’s wholly owned drilling deposit. with a measured mineral resource of 1.39 million tonnes (average 35.59% B2O3), an indicated mineral resource of 5.48 million tonnes (average 34.05% B2O3) and an inferred mineral resource of 284.7 thousand tonnes ( average 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 entitled: “Technical Report and Preliminary Economic Assessment For The Piskanja Borate Project, Serbia, June 24, 2022”. The person responsible for the PEA and the mineral resource estimate contained therein is Prof. Miodrag Banješević 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 committed to advancing the decarbonization of our planet through the responsible use of its wholly owned drilling assets in Serbia. With a commitment to environmental stewardship and sustainability, Boron One aims to play a crucial role in reducing the world’s carbon footprint and supporting a cleaner, greener future for us all.

Headquartered in Victoria, BC, Canada, Boron One shares trade on the TSX Venture Exchange under the symbol “BONE”. For detailed information, please visit Boron One’s website at www.boronone.com or the documents filed by the Company https://www.sedarplus.ca/.

For more information please contact:		Boron’s public quotes:
Blake Fallis, General Manager		TSX Company: BONE
Phone: 1-250-384-1999 or 1-888-289-3746		Berlin: EKV
This email address is being protected from spambots. You need JavaScript enabled to view it.		USA: SEC 12G3-2(B) #82-4432ERVFF
www.boronone.com		OTCBB:ERVFF

Qualified persons

Nenad Rakic, EurGeol, Piskanja Project Field Manager, a qualified person as defined by NI 43-101, has reviewed the technical information underlying this press release and has approved the disclosure herein.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For investors of Boron One Holdings Inc

Certain statements in this press release that are not based on historical information are forward-looking statements that involve substantial known and unknown risks and uncertainties. This press release contains express or implied forward-looking statements regarding, among other things, Boron One’s expectations regarding management’s plans, objectives and strategies, including plans to advance the Company’s Piskanja project to an operating license. These statements are not promises or guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control, and which could cause actual results to differ materially from those contemplated by these forward-looking statements. Existing and potential investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources into reserves, capital and operating costs differing materially from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failure to obtain required governmental, environmental or other project approvals, political risks, uncertainties regarding the availability and costs of financing needed in the future, changes in stock markets, inflation , changes in exchange rates, fluctuations in commodity prices, delays in project development and the other risks involved in the mineral exploration and development industry.

Boron One Holdings Inc. assumes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise, except as expressly required by applicable securities laws. Further information regarding the uncertainties and risks can be found in the disclosure documents filed by Boron One with the securities regulatory authorities, available at www.sedar.com. These and other factors raised in public disclosures and filings by the company should be carefully considered.

Mineral resources are not mineral reserves and have no demonstrated economic viability. There is great uncertainty about the existence of ‘inferred resources’ and about their economic and legal feasibility. Investors are cautioned not to assume that the inferred mineral resource reported in this press release, in whole or in part, will ever be upgraded to a higher category or to reserves. U.S. residents are advised that while mineral resources are recognized under Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. citizens are also cautioned not to assume that any inferred mineral resource is economically or legally mineable in whole or in part.