Mr. Tim Daniels reports

BORON ONE HOLDINGS INC. ENTERS MULTI-YEAR COMMERCIAL OFFTAKE AGREEMENT

Boron One Holdings Inc. has executed a binding offtake agreement for the future sale of high-value boron mineral concentrates and derivative products. The agreement provides for a three-year term, commencing upon the company's establishment of fully operational production facilities.

The agreement is subject to the satisfaction of certain conditions precedent, including but not limited to the company securing all required regulatory permits and approvals for development and operation of its planned mining and processing facilities, as well as the successful completion of a full-scale plant qualification trial to the satisfaction of the buyer.

Under the terms of the agreement, buyer has committed to purchase a minimum of 25,000 tonnes of product per year, with the option to increase volumes up to 50,000 tonnes per year. The agreement contains a take-or-pay clause, committing buyer to a penalty payment for certain shortfalls in its annual purchase.

Product pricing will be linked to prevailing competitive market prices, subject to an agreed minimum floor price. The initial price for the product will be established 90 days prior to the commencement of full commercial production and will be subject to adjustment on each anniversary of that date for the duration of the agreement.

Tim Daniels, president of Boron One, stated:

"This agreement represents an important commercial milestone for the company. With comparable boron products currently priced at levels ranging to well in excess of $1,000 (U.S.) per tonne, the potential annual value of this offtake can be substantial. This anchor commitment strengthens our commercial foundation and supports the continued advancement of our development and financing initiatives."

About the Buyer

The buyer is a mineral commodities trading company, specializing in refined and mineral borate chemicals. It is focused on the delivery of boron-based materials to critical industrial sectors through the sourcing, trading and distribution of refined borate chemicals, mineral borates, specialty boron feedstocks, industrial boron derivatives and boron-based raw materials used in downstream processing.

The buyer established market share across Asia and North America, amongst both traditional users as well as high-growth industrial sectors, by building a foundation of long-term partnerships, market expertise and reliable global logistics co-ordination.

The buyer earned recognition as a leading exporter of American- and Turkish-based boron products, having ranked amongst the top three exporters in its category. The buyer also played a material role in expanding the footprint of U.S.-produced boron products in Asia, driving greater regional market penetration and long-term customer development.

About Boron One Holdings Inc.

Boron One is a leading company dedicated to advancing the decarbonization of the planet through the responsible utilization of its wholly owned boron assets. With a commitment to environmental stewardship and sustainability, Boron One aims to play a crucial role in reducing the world's carbon footprint and supporting a cleaner, greener future for us all.

We seek Safe Harbor.