Boron One Holdings Inc. Announces Closing of Financing

Boron One Holdings Inc. (BONE.V) has successfully completed a private placement financing, raising $795,500 through the issuance of 19,887,500 units priced at $0.04 per unit. Each unit consists of one common share and one warrant, with warrants exercisable at $0.05 in the first year and $0.10 in years two and three, subject to acceleration provisions if the stock trades above specified thresholds for consecutive periods.

The financing structure includes finder's fees of $56,700 and 1,295,000 broker warrants with similar exercise terms. All securities are subject to a standard four-month hold period under TSX Venture Exchange policies. The company has stated its intention to deploy the net proceeds toward working capital requirements, with specific focus on testing and planning activities related to future boron ore extraction, processing, and sales operations.

This financing comes at a time when boron, a critical mineral used in advanced materials and clean energy applications, is gaining attention for its role in decarbonization technologies. Boron One's positioning as a company committed to advancing global decarbonization through responsible boron asset utilization aligns with growing demand for critical minerals. The company's international presence, with boron assets in Serbia and headquarters in Victoria, British Columbia, provides geographic diversification in the critical minerals space.

The successful completion of this financing provides Boron One with the necessary capital to advance its development activities and move closer to potential production. With boron's applications in everything from renewable energy storage to advanced ceramics, the company's progress toward extraction and processing capabilities could position it advantageously in the growing critical minerals market.