Boron One Announces First Closing of Financing

Boron One Holdings Inc. has completed the first tranche of a private placement financing, successfully raising gross proceeds of $506,750 through the sale of 10,135,000 units priced at $0.05 per unit. The financing structure includes both equity and warrant components, with each unit comprising one common share and one common share purchase warrant exercisable over a three-year period at tiered pricing of $0.05 in the first year and $0.10 in subsequent years.

The warrant structure includes acceleration provisions that allow the company to expedite expiry dates if share prices reach specific thresholds of $0.12 and $0.22 per share during respective exercise periods. The financing included a related party component of 240,000 units issued to an insider, representing less than 25% of the company's market capitalization and thus qualifying for regulatory exemptions. The company paid standard finder's fees of $19,250 and issued 231,000 broker warrants as part of the transaction.

Boron One, headquartered in Victoria, British Columbia, operates as an international mineral exploration and development company focused on boron assets in Serbia. The company trades on the TSX Venture Exchange under the symbol BONE and maintains additional listings in Berlin and OTC markets. The proceeds from this financing will be directed toward working capital requirements as the company continues to advance its boron exploration and development activities.

This financing represents a strategic capital raise for Boron One as the company positions itself within the critical minerals sector, with boron being increasingly recognized for its applications in advanced materials, energy storage, and industrial processes. The completion of this first closing provides the company with immediate working capital while the warrant structure offers potential for additional capital raises over the coming years, dependent on share price performance and market conditions.