Boron One Holdings Inc. Announces Strategic Letter of Intent

Boron One Holdings Inc., through its subsidiary Balkan Gold d.o.o., has signed a Letter of Intent with Serbian mining firm Resavica RKU. The agreement explores strategic cooperation focused on optimizing Resavica's Pobrdje Colemanite Mine and leveraging infrastructure for Boron's Piskanja Project. The collaboration aims to enhance the mine's efficiency and extend its economic life.

The projects in the Jarandol Basin area show synergies that could benefit both parties. The Letter of Intent outlines the study of these synergies, aiming for a thorough analysis of technical, economic, and social parameters.

Boron One's President, Tim Daniels, emphasized the strategic flexibility provided by the potential cooperation, highlighting its innovative model for public-private partnerships. The agreement supports Boron's vision of reducing carbon footprints through responsible use of boron resources.