Boron One Announces Increase to Private Placement

Executive Summary

• Boron One increased its non‑brokered private placement by an additional $100,000, bringing total gross proceeds to up to $600,000 at $0.05 per unit.
• Each unit consists of one common share and one common share warrant; warrants allow subscription for an additional share over a three‑year period with tiered exercise prices.
• The company received an extension from the TSX Venture Exchange to file required documentation until February 20, 2026 and will use net proceeds for working capital.

Key Details

• Placement Size: Additional $100,000; total potential gross proceeds up to $600,000.
• Unit Price: $0.05 per unit.
• Unit Composition: 1 common share + 1 common share warrant.
• Warrant Terms:
• Exercise price $0.05 in the first year, $0.10 in years two and three.
• Expiry after 3 years from closing, subject to acceleration if BONE trades ≥ $0.12 (first year) or ≥ $0.22 (subsequent period).
• Extension: TSX Venture Exchange filing deadline extended to February 20, 2026.
• Finder’s Fee: Company may pay cash or securities (or combination) to qualified finders per TSX Venture policy.
• Use of Proceeds: Net proceeds earmarked for working capital requirements.
• Conditions: Placement subject to receipt of all necessary approvals, including TSX Venture Exchange approval.

Notable Quotes

• Tim Daniels, President: “On behalf of the Board of Directors…” (statement confirming board endorsement).