- Business
- Borneo Resource Investments Ltd. (BRNE) operates as an exploration-stage company focused on identifying, securing, proving up, and monetizing asymmetric natural resource opportunities, including critical metals, minerals, and precious metals primarily in the Americas. The company offers mineral exploration and development services; aggregation of electric vehicle (EV) metal and natural resource concession assets; and gold processing capabilities through acquired subsidiaries. It targets mining concessions and resource assets, with operations supported by leased facilities in West Jordan, Utah, and a subsidiary, Silica Scientific Corporation, acquired in 2024. Incorporated in Nevada on June 14, 2004, and previously headquartered in Admiralty, Hong Kong, Borneo Resource Investments Ltd. maintains its principal address at 7533 S Center View Ct, Suite 4759, West Jordan, UT.
In August 2024, the company completed a significant share exchange agreement, acquiring 95.28% of Silica Scientific Corporation's Class A Common Shares in exchange for 77,295,244 Series A Preferred Shares, granting the new shareholders 83.76% voting control. On December 23, 2024, Borneo settled $78,201 in debt by issuing 186,395 Series A Preferred Shares at a deemed price of $0.42 per share, strengthening its balance sheet amid ongoing reorganization efforts. These transactions follow prior debt restructurings and receiver-approved equity conversions from 2018-2019, reflecting a strategic shift toward natural resource assets in new geographies.