Aankondiging • Jan 21
Borealis Mining Company Limited Commences Mobilization of Mining Equipment At the Borealis Gold Mine in Nevada Borealis Mining Company Limited announced that mobilization of mining equipment has commenced at the Borealis Gold Mine in Nevada, marking a key milestone toward the restart of gold mining operations. Heavy mining equipment, production drill rigs and support equipment are now arriving on site as the Company prepares for initial mining activities. Borealis has engaged Ledcor CMI Inc. ("Ledcor") as its mining contractor. Ledcor is a well-established North American mining and construction contractor with extensive experience in open-pit mining operations, including multiple projects in Nevada. Under the current scope of work, Ledcor will be responsible for mine development, production drilling and blasting, material movement, crushing, stacking on the leach pad, and ongoing operational support as the project progresses toward production. Safety remains a core operational priority for Borealis, and in 2025 Borealis personnel and contractors collectively worked a total of 37,461 hours without a lost-time injury (LTI), reflecting the Company's commitment to disciplined site execution and a strong safety culture. In parallel with site mobilization, Borealis commenced confirmatory drilling at the Borealis Mine in early January. This drilling program is designed to validate historical data, refine grade control, and support short-term mine planning ahead of initial mining activities. Site activities over the coming weeks will focus on equipment commissioning, final site preparations, and the commencement of production drilling, with the first production blast anticipated to occur in the coming weeks, subject to final scheduling and operational readiness. The Borealis Mine is a fully permitted, past-producing open-pit gold mine located in Nevada. Technical information contained in this press release has been reviewed and approved by Kelly Malcolm, P.Geo., a non-independent Qualified Person as defined under National Instrument 43-101. Borealis Mine. The Borealis mine property, located close to the town of Hawthorne, NV, is fully equipped for present mine operations and future expansion, with existing open pits, heap leach pads, modern infrastructure, and a functional ADR facility which produces dore bars. The project has historically produced over 600,0001 ounces of gold from an open pit heap leach operation. It is an under-explored property and has not been drilled since 2011, aside from Borealis' efforts in 2024 and 2025. The property possesses high grade expansion potential with robust historical drilling results, along with a number of untested regional targets. The Borealis Project holds existing federal and state permits for mining and processing operations. However, certain permit modifications may be required for expanded production, and the timeline for such approvals is subject to regulatory review. The Company cannot guarantee the timing or success of any permit modifications that may be required for future expansions. Aankondiging • Jan 16
Borealis Mining Company Limited announced that it has received CAD 20.01 million in funding On January 15, 2026, Borealis Mining Company Limited closed the transaction. The company issued 13,340,000 common shares at an issue price of CAD 1.50 for gross proceeds of CAD 20,010,000. The company also issued additional 2,001,000 common shares at an issue price of CAD 1.50 for gross proceeds of CAD 3,001,500 as underwriter's options. The common shares were issued to purchasers resident in certain provinces of Canada, except Quebec and also issued in the United States. Each compensation warrant entitles the holder to acquire a common share at a price of CAD 1.50 per common share for a period of 24 months from the closing of the offering. The compensation warrants and common shares issuable upon exercise of the compensation warrants are subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the issue date, being May 16, 2026. The common shares are not subject to a statutory hold period pursuant to applicable Canadian securities laws. The offering is subject to final approval by the TSX Venture Exchange. Aankondiging • Jan 06
Borealis Mining Company Limited announced that it expects to receive CAD 20.01 million in funding Borealis Mining Company Limited announced that it has entered into an agreement with Stifel Canada pursuant to which Stifel Canada will act as sole bookrunner, together with a syndicate of underwriters (collectively, the "Underwriters"), in connection with a "bought deal" private placement offering of 13,340,000 common shares of the Company (the "Common Shares") at a price of CAD 1.50 per Common Share (the "Issue Price") for aggregate gross proceeds of CAD 20,010,000 on January 5, 2026. The Company has granted the Underwriters an option (the "Underwriters' Option") to purchase (or arrange for substituted purchasers to purchase) up to an additional 2,001,000 Common Shares at the Issue Price on the same terms and conditions as the Offering. The Underwriters' Option will be exercisable, in whole or in part, at any time up until 48 hours prior to the closing of the Offering. The Offering is expected to close on or about January 15, 2026, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the acceptance of the TSX Venture Exchange. A cash commission equal to 6.0% on the gross proceeds of the Offering and compensation warrants (the "Compensation Warrants") equal to 6.0% of the number of Common Shares of the Company sold under the Offering shall be paid to the Underwriters, subject to the policies of the TSX Venture Exchange and applicable securities laws. Each Compensation Warrant entitles the holder to acquire a common share of the company at a price equal to the Issue Price for a period of 24 months from the date of issue thereof. Aankondiging • Jun 12
Borealis Mining Company Limited Announces Initiation of Crushing Ahead of Schedule At the Borealis Mine Borealis Mining Company Limited announced that crushing of its ~327,000 ton mineralized stockpile at the Borealis Gold Project in Nevada began ahead of schedule on June
6. Crushing rates are expected to range from 2,500 tpd to 4,500 tpd, depending on the crushing characteristics of the material. Drip line application on the first panel of crushed material is expected to begin the week of July 7th, with a tentative target of a first gold pour during the week of August 11th. Bulk sample results from 2024 suggest an average grade of 0.016 oz/st Au (0.55 g/mt Au) and an expected recovery of ~70% via conventional heap leaching. The two-stage crushing is targeted to continue through to Fourth Quarter 2025, while gold pours are expected to continue to mid-2026, at the least. While Borealis expects to issue guidance on the restart of blasting and mining separately, the tentative target for this restart is also Fourth Quarter 2025. Aankondiging • Jun 05
Borealis Mining Company Limited Announces Contractor Mobilization at Borealis Gold Project in Nevada Borealis Mining Company Limited announced the mobilization of contractors at the Borealis Gold Project in Nevada, on schedule to start crushing the ~327,000 ton mineralized stockpile at the site on June 9, 2025. The first gold pour from this material is expected in late July. bulk sample results from 2024 suggest an average grade of 0.016 oz/st Au (0.55 g/mt Au) and an expected recovery of ~70% via conventional heap leaching. The two-stage crushing is targeted to continue through to Fourth Quarter 2025, while gold pours are expected to continue to mid-2026, at the least. While Borealis expects to issue guidance on the restart of blasting and mining separately, the tentative target for this restart is also Fourth Quarter 2025. Aankondiging • Mar 28
Borealis Mining Company Limited, Annual General Meeting, May 21, 2025 Borealis Mining Company Limited, Annual General Meeting, May 21, 2025. Aankondiging • Mar 14
Borealis Mining Company Limited (TSXV:BOGO) completed the acquisition of Gold Bull Resources Corp. (TSXV:GBRC) for CAD 9.7 million. Borealis Mining Company Limited (TSXV:BOGO) signed non-binding proposal letter to acquire Gold Bull Resources Corp. (TSXV:GBRC) on October 2, 2024. Borealis Mining Company Limited (TSXV:BOGO) entered into a definitive agreement to acquire Gold Bull Resources Corp. (TSXV:GBRC) for CAD 9.5 million on December 9, 2024. Pursuant to the Transaction, each common share in Gold Bull will be acquired and exchanged for 0.93 Borealis common shares (“Borealis Shares”) resulting in the issuance of approximately 13.8 M Borealis Shares. Transaction delivers Gold Bull shareholders a significant premium with an acquisition price of approximately CAD 0.60 per Gold Bull share or a ratio of 0.93 Borealis Shares for each Gold Bull share, based on a 20-day volume weighted price average. Upon completion of the arm’s length Transaction, existing Borealis and Gold Bull shareholders will own approximately 86% and 14% of Borealis, respectively.
Gold Bull is required to pay Borealis a termination fee of CAD 0.1 million. The Transaction will be completed pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia). The consummation of the Transaction is subject to a number of conditions customary to transactions of this nature, including, among others, the adoption of a resolution approving the Transaction at a special meeting of Gold Bull shareholders (the “Meeting”) by: (i) at least 66 2/3% of votes cast by Gold Bull shareholders present in person or represented by proxy at the Meeting; and (ii) a majority of the votes cast by Gold Bull shareholders present in person or represented by proxy at the Meeting, excluding votes attached to any particular shareholder as required under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
Gold Bull expects to hold the Meeting in late January or early February 2025 and the Transaction is expected to close shortly thereafter, subject to court approvals and other customary closing conditions. In addition to shareholder and court approvals, the Transaction is also subject to, among other things, obtaining customary regulatory approvals including applicable court and stock exchange approvals. The Transaction has been unanimously approved by the boards of directors of Borealis and Gold Bull. The Gold Bull board of directors is unanimously recommending that Gold Bull shareholders vote in favour of the Transaction. The transaction is expected to be completed by early March, 2025. As of March 6, 2025, Supreme Court of British Columbia has issued its final order approving the arrangement and shareholders of Gold Bull approved the deal. As of March 6, 2025, the transaction is expected to close on or around March 13, 2025.
Chris Irwin of Irwin Lowy LLP is acting as Borealis’ legal advisor. RwE Growth Partners Inc. provided Gold Bull with an oral fairness opinion and financial advisor. Kathy Tang of Cozen O’Connor LLP is acting as Gold Bull’s legal advisor. TSX Trust Company acted as transfer agent to Borealis. Computershare Investor Services Inc acted as transfer agent to Gold Bull Resources.
Borealis Mining Company Limited (TSXV:BOGO) completed the acquisition of Gold Bull Resources Corp. (TSXV:GBRC) for CAD 9.7 million on March 13, 2025. Each common share of Gold Bull (“Gold Bull Shares”) was acquired and exchanged for 0.93 common shares of Borealis (“Borealis Shares”) resulting in the issuance of 14,048,403 Borealis Shares to former Gold Bull shareholders. Following the completion of the Acquisition, Borealis now beneficially owns and controls an aggregate of 15,105,810 representing all issued and outstanding Gold Bull Shares. The Gold Bull Shares are expected to be delisted from the TSX Venture Exchange (the "TSXV") as of the close of trading on or around March 14, 2025. Borealis will apply for Gold Bull to cease to be a reporting issuer under applicable Canadian securities laws. Aankondiging • Feb 26
Borealis Mining Company Limited has completed a Composite Units Offering in the amount of CAD 10.000004 million. Borealis Mining Company Limited has completed a Composite Units Offering in the amount of CAD 10.000004 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 17,857,150
Price\Range: CAD 0.56
Discount Per Security: CAD 0.0336
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 1,785,714
Price\Range: CAD 0.56
Discount Per Security: CAD 0.0112 Aankondiging • Jan 23
Borealis Mining Company Limited Announces Production of Approximately 550 Oz of Gold from the Borealis Mine Borealis Mining Company Limited provided an update on revenue-generating and operational activities from the Borealis Mine site. The Company has sold its final shipment of dore produced in 2024 to Asahi Refining for a total of 190.79 troy oz and 119.88 troy oz of recoverable gold and silver, respectively. The Company also has shipped 24 tonnes of spent and gold-laden carbon to be processed at Just Refiners containing an estimated 368 troy ounces of gold and 997 troy ounces of silver. Three dore bars were recently sold to Asahi Refining of Salt Lake City, UT. This shipment of dore contained 190.79 troy oz of gold and 119.88 t Troy oz of silver, recovered from stripping loaded carbon as part of ongoing residual leaching of Borealis' permitted heap leach pad. Borealis intends to increase the amount of gold production in 2025 through the crushing of its 330,000 ton stockpile of mineralized oxide material. In preparation for the upcoming stockpile crushing and processing program, Borealis is replacing the carbon in its ADR circuit, which will allow for increased loading capacity and efficiency of leaching and stripping. As part of the replacement of the carbon, Borealis has emptied the carbon columns in its ADR facility of spent gold-laden carbon. This spent carbon, containing approximately 368 troy ounces of gold, 997 troy ounces ofsilver as determined by independent assays of representative samples, has been shipped to Just Refiners of Reno, NV, for refining and eventual sale. The exact number of saleable ounces of both gold and silver will be determined once the refining process is complete. The Borealis mine property, located close to the town of Hawthorne, NV, is fully permitted and equipped for present mine operations and future expansion, with existing open pits, heap leach pads, modern infrastructure, and a functional ADR facility which produces dore bars. The project has historically produced over 600,000 ounces of gold from an open pit heap leach operation. It is an under-explored property and has not been drilled since 2011. The property possesses high grade expansion potential with excellent historical drilling results, along with a number of untested regional targets. Aankondiging • Dec 11
Borealis Mining Company Limited (TSXV:BOGO) entered into a definitive agreement to acquire Gold Bull Resources Corp. (TSXV:GBRC) for CAD 10.3 million. Borealis Mining Company Limited (TSXV:BOGO) entered into a definitive agreement to acquire Gold Bull Resources Corp. (TSXV:GBRC) for CAD 10.3 million on December 9, 2024. Pursuant to the Transaction, each common share in Gold Bull will be acquired and exchanged for 0.93 Borealis common shares (“Borealis Shares”) resulting in the issuance of approximately 13.8 M Borealis Shares. Transaction delivers Gold Bull shareholders a significant premium with an acquisition price of approximately CAD 0.60 per Gold Bull share or a ratio of 0.93 Borealis Shares for each Gold Bull share, based on a 20-day volume weighted price average. Upon completion of the arm’s length Transaction, existing Borealis and Gold Bull shareholders will own approximately 86% and 14% of Borealis, respectively.
The Transaction will be completed pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia). The consummation of the Transaction is subject to a number of conditions customary to transactions of this nature, including, among others, the adoption of a resolution approving the Transaction at a special meeting of Gold Bull shareholders (the “Meeting”) by: (i) at least 66 2/3% of votes cast by Gold Bull shareholders present in person or represented by proxy at the Meeting; and (ii) a majority of the votes cast by Gold Bull shareholders present in person or represented by proxy at the Meeting, excluding votes attached to any particular shareholder as required under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61-101”).
Gold Bull expects to hold the Meeting in late January or early February 2025 and the Transaction is expected to close shortly thereafter, subject to court approvals and other customary closing conditions. In addition to shareholder and court approvals, the Transaction is also subject to, among other things, obtaining customary regulatory approvals including applicable court and stock exchange approvals. The Transaction has been unanimously approved by the boards of directors of Borealis and Gold Bull. The Gold Bull board of directors is unanimously recommending that Gold Bull shareholders vote in favour of the Transaction. Irwin Lowy LLP is acting as Borealis’ legal advisor. RwE Growth Partners Inc. provided Gold Bull with an oral fairness opinion. Cozen O’Connor LLP is acting as Gold Bull’s legal advisor. Aankondiging • Oct 31
Borealis Mining Company Limited (TSXV:BOGO) acquired 64 Claims at the Borealis property in Nevada. Borealis Mining Company Limited (TSXV:BOGO) acquired 64 Claims at the Borealis property in Nevada on October 29, 2024.
Borealis Mining Company Limited (TSXV:BOGO) completed the acquisition of 64 Claims at the Borealis property in Nevada on October 29, 2024.