Reported Earnings • Apr 04
Second quarter 2026 earnings released: US$0.022 loss per share (vs US$0.066 loss in 2Q 2025) Second quarter 2026 results: US$0.022 loss per share (improved from US$0.066 loss in 2Q 2025). Revenue: US$1.42m (up 39% from 2Q 2025). Net loss: US$2.96m (loss narrowed 70% from 2Q 2025). Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Announcement • 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. Announcement • 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. 
