Boron One Holdings Inc. announced that it has applied to the Serbian Mining Ministry for an "Approval of the Exploitation Field", for the Company's wholly owned Piskanja Boron Project. This submission marks a fundamental step forward in the mine licensing process. Once granted, an "Approval of The Exploitation Field" provides exclusive rights to develop and monetize a mineral deposit in Serbia.

Boron One's submission for this Approval includes a Serbian compliant Feasibility Study, an Environmental Impact Assessment Synopsis, the "Certificate of Reserves" for Piskanja, and required permits from various Serbian Governmental Ministries, all in accordance with Serbian mining regulations. Following the granting of the Approval of the Exploitation field, Boron One will continue with the licensing and development processes by completing and submitting blueprinted mine and processing designs for approval, the final requisite step before commencing the construction of the facilities.