Borealis receives $9.06M from exercise of securities

Executive Summary

• Borealis Mining Company Ltd. received CAD $9,060,278.84 from the exercise of warrants, broker warrants and compensation options that expired on September 14, 2025.
• The company issued 12,616,025 common shares, substantially strengthening its cash position and capital structure.
• Management indicated the proceeds will fund the resumption of full production at the fully permitted Borealis mine.

Key Details

• Total proceeds received: CAD $9,060,278.84 (≈ US $6.5M).
• Shares issued in connection with the exercises: 12,616,025 common shares.
• Warrants, broker warrants and compensation options exercised were largely set to expire on September 14, 2025.
• Proceeds are intended to provide capital needed to resume full production at the Borealis mine site in Nevada.
• President & CEO Kelly Malcolm stated the company is now in a “very strong financial position” and will update the market on plans to add to treasury through gold revenue.
• The Borealis mine is fully permitted, equipped with open pits, heap‑leach pads, and an ADR facility; historically produced >600,000 ounces of gold.

Notable Quotes

• “We’re very pleased with the support shown from our existing shareholders…The company is in a very strong financial position, which should provide us with all the required capital to resume full production at the Borealis mine site.” – Kelly Malcolm, President & CEO

Qualified Person: Kelly Malcolm, P.Geo., CEO (NI 43‑101 qualified).