Boron One Holdings Inc. has secured its first binding, multi-year commercial offtake agreement for future high-value boron products, locking in a take-or-pay arrangement backed by a guaranteed floor price.

The agreement establishes a minimum volume commitment of 25,000 tonnes of product per year, with an option for the buyer to scale purchases up to 50,000 tonnes annually. The initial three-year term commences upon the start of commercial operations.

Alongside the commercial milestone, Boron One closed an oversubscribed non-brokered private placement, raising gross proceeds of $1,000,000 through the issuance of 20,000,000 units at a price of $0.05 per unit. Net proceeds from the capital raise will be directed toward advancing engineering work, completing technical studies, and supporting the regulatory permitting process.

On the ground in Serbia, the company’s wholly owned subsidiary, Balkan Gold d.o.o., has wrapped up its seasonal field exploration program at the Jarandol Basin. All applicable regulatory submissions have been successfully filed with the Serbian Ministry of Mining, leaving the exploration license in good standing. Surface geological mapping was completed across six separate areas, establishing targets for an upcoming drilling program intended to expand known mineralization near the company's core deposit.

Looking ahead, Boron One is focused on securing additional offtake partnerships with international industrial customers, advancing metallurgical testing and engineering design for its planned extraction and processing facilities, and continuing to work with Serbian regulatory authorities to advance permitting toward commercial production.

Read the full announcement: Recent Corporate Events Recap