Boron One Applies for New Exploration Licence

Boron One Holdings Inc. has submitted an application for a new three-year exploration licence for the Piskanja Project, replacing the current licence set to expire in January 2027. The application ensures exclusive exploration rights are maintained while the company advances metallurgical testing, feasibility study amendments, and regulatory permitting in Serbia.

The company plans to initiate a drilling program focused on two objectives: step-out drilling to the west and south to test extensions of the known mineral resource, and infill drilling in the central deposit to support conversion of existing Mineral Resources to the Measured category. The current Mineral Resource Estimate (MRE) stands at 1.05 million tonnes (Measured) and 6.09 million tonnes (Indicated) averaging 31.99% B2O3.

Boron One Holdings Inc. has secured a licence renewal, a procedural step that de-risks the near-term timeline and secures the project through January 2030. This development aligns with the company’s stated path to advance the Piskanja project toward a Feasibility Study.

The company also outlined planned step-out and infill drilling programs, which serve as logical follow-ups to the October 2026 Preliminary Economic Assessment (PEA) and the August 2026 Feasibility Study amendment update.

The release did not disclose any new financial metrics, offtake agreements, or strategic partnerships. Instead, the news confirms operational continuity rather than introducing a new catalyst. The impact is incremental and expected, maintaining the project's development trajectory without altering the capital requirements or near-term valuation drivers.

Boron One Holdings Inc. is a Canadian mining company focused on the exploration and development of the Piskanja Boron Project in Serbia. The flagship project targets the extraction and processing of borate minerals, including Ulexite, Colemanite, Boric Acid, and Borax. Processing involves conventional, environmentally sustainable methods, including chemical-free beneficiation for Colemanite and calcination for Ulexite.

A Preliminary Economic Assessment (PEA) released in October 2026 highlighted strong economic metrics for the project. Based on an initial capital cost of $79.9M, the assessment reported a post-tax net present value (NPV) of $638.8M, an internal rate of return (IRR) of 89.0%, and a capital payback period of less than 12 months.

The company also holds the Jarandol Basin exploration license, covering 21 km² adjacent to Piskanja, which targets potential resource extensions.