Mr. Tim Daniels reports

RECENT CORPORATE EVENTS RECAP

Boron One Holdings Inc. has provided a recap on recent commercial, exploration and financing milestones, against the backdrop of a rapidly evolving critical minerals market for boron. In 2025, the United States officially added boron to its Critical Minerals List, reflecting its role in defence, semiconductor and clean energy supply chains. Global boron supply remains highly concentrated, with two producers accounting for an estimated 80 per cent to 85 per cent of world supply. Boric acid prices have also trended higher amid tightening global availability, with benchmark prices in key markets rising through 2025 and into 2026. Demand for boron continues to expand beyond traditional glass and agricultural uses into solar panel and wind turbine components, semiconductor manufacturing, and electric vehicle battery and alloy applications.

Boron One has entered an important new chapter. Given recent progress and market context shaping our path toward production, here are a few highlights from the past few months.

First binding offtake agreement: The company has secured its first binding, multiyear commercial offtake agreement for its future high-value boron products. The agreement provides for a minimum volume commitment of 25,000 tonnes per year, with an option to scale up to 50,000 tonnes per year and is structured as a take-or-pay agreement with a guaranteed floor price. The agreement has an initial three-year term, commencing upon the start of commercial operations.

Exploration progress at the Jarandol basin, Serbia: The company's wholly owned subsidiary, Balkan Gold doo, has completed its field exploration program for the season at the Jarandol basin. The company has fulfilled all applicable regulatory submissions with the Serbian Ministry of Mining, and its exploration licence remains 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.

Private placement: The company also closed an oversubscribed non-brokered private placement, raising gross proceeds of $1-million through the issuance of 20 million units at a price of five cents per unit. Net proceeds will be used to advance engineering work, complete technical studies and support the company through the regulatory permitting process.

Outlook: Boron One's leadership team is focused on three priorities: 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.

About Boron One Holdings Inc.

Boron One Holdings is a leading company dedicated to advancing the decarbonization of our 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 carbon footprint and supporting a cleaner, greener future.

Headquartered in Victoria, B.C., Canada, Boron One's shares are traded on the TSX Venture Exchange under the symbol BONE.

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