- Business
- Boron One Holdings Inc. is a Canadian junior mining and mineral-development company focused on the acquisition, exploration, development and prospective production of boron mineral resources. The Company’s principal asset is the wholly owned Piskanja borate deposit in the Jarandol Basin, Kopaonik region of Serbia, approximately 250 kilometers south of Belgrade. Through its wholly owned Serbian subsidiary, Balkan Gold d.o.o., Boron One conducts exploration and project-development activities in Serbia, including the adjacent 21-square-kilometer Jarandol Basin license area. Its prospective products include commercial-grade colemanite concentrate and other high-value boron and borate products for industrial customers, with potential end markets including glass and ceramics; agricultural products and fertilizers; detergents and chemicals; insulation and fiberglass; solar and wind-energy components; semiconductor manufacturing; electric-vehicle alloys and battery applications. The Company is advancing metallurgical testing, mine and processing engineering, feasibility-study amendments, permitting and regulatory approvals required for the Piskanja project’s planned commercial development. Boron One is headquartered in Victoria, British Columbia, Canada, and its common shares trade on the TSX Venture Exchange under the symbol BONE. The Company traces its Piskanja project interest to a Serbian mining license granted in 2010 and formerly operated under the Erin Ventures name. Recent developments include the securing of its first binding three-year, take-or-pay commercial offtake agreement for future boron products, providing for minimum annual purchases of 25,000 tonnes and potential expansion to 50,000 tonnes per year upon commencement of commercial operations; completion of seasonal geological mapping and exploration work at Jarandol Basin to define drilling targets; completion of an oversubscribed non-brokered private placement raising gross proceeds of C$1.0 million; production of commercial-grade colemanite concentrate from Piskanja test samples using conventional processing methods; and continued work to amend and resubmit the Serbian-compliant feasibility study in support of approval of the exploitation field.