Mr. Tim Daniels reports

BORON ONE HOLDINGS INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Boron One Holdings Inc. has closed its previously announced oversubscribed private placement, announced on June 1, 2026. The company accepted subscriptions totalling 20 million units at a price of five cents per unit for gross proceeds of $1-million. Each unit is composed of one common share and one common share purchase warrant exercisable for three years from the date of closing, at an exercise price of six cents in the first year and 10 cents in the following two years, subject to the corporation's option to accelerate the expiry date if the stock trades at 15 cents per common share for the initial exercise period and 25 cents per common share for the subsequent period.

The common shares and warrants comprising the units are subject to a four-month-and-one-day hold period in accordance with the policies of the TSX Venture Exchange and applicable securities legislation.

The company intends to use net proceeds of the private placement for working capital requirements.

The company paid finders' fees to a qualified finder of $70,000 and issued 1.4 million broker warrants. The broker warrants are exercisable on the same terms as the warrants and expire on June 8, 2029.

The private placement is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including approval from the TSX Venture Exchange.

The company also intends to grant 500,000 stock options to a consultant of the company, exercisable at five cents per share in the first year and 10 cents per share thereafter, expiring between Sept. 1, 2029, and June 1, 2030, subject to TSX-V approval.

Notwithstanding the foregoing, the company may accelerate the vesting and the right of the optionee to execute any of the options granted hereunder, at any time, at its sole discretion.

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 carbon footprint and supporting a cleaner, greener future.

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