Boron One Announces First Closing of Financing

Boron One Holdings Inc., a mineral exploration company focused on boron assets in Serbia, has announced the successful first closing of a private placement financing. The company accepted subscriptions for 10,025,000 units priced at $0.04 per unit, generating gross proceeds of $401,000. The financing structure includes warrants exercisable at tiered pricing over three years, with exercise prices of $0.05 in the first year and $0.07 in subsequent years.

The transaction included a related party component, with 75,000 units allocated to an insider, representing less than 25% of the company's market capitalization and qualifying for regulatory exemptions under MI 61-101. The company paid $13,000 in finder's fees and issued 325,000 broker warrants as part of the transaction costs. All securities are subject to a standard four-month hold period in accordance with TSXV policies.

Boron One intends to deploy the net proceeds toward working capital requirements as the company continues developing its boron mineral assets in Serbia. The financing provides the Victoria, BC-headquartered company with essential capital to advance its operations in the specialty industrial minerals sector. Boron is a critical material used in various industrial applications including glass manufacturing, ceramics, and emerging battery technologies.

The completion of this financing round demonstrates continued investor interest in boron development projects, particularly given the mineral's importance in industrial applications and potential future demand from clean energy technologies. The transaction remains subject to final TSXV approval and other standard closing conditions, positioning Boron One to continue its exploration and development activities in the Serbian boron market.