Borealis Mining Commences Mobilization of Mining Equipment at Borealis Gold Mine

Core Viewpoint - Borealis Mining Company Limited has commenced mobilization of mining equipment at the Borealis Gold Mine in Nevada, marking a significant step towards restarting gold mining operations [1] Group 1: Operational Developments - Heavy mining equipment, production drill rigs, and support equipment are arriving on site as the company prepares for initial mining activities [1] - Borealis has engaged Ledcor CMI Inc. as its mining contractor, responsible for mine development, production drilling, blasting, material movement, and ongoing operational support [2] - Confirmatory drilling has begun to validate historical data and support short-term mine planning ahead of initial mining activities [3] Group 2: Safety and Performance - In 2025, Borealis personnel and contractors worked a total of 37,461 hours without a lost-time injury, reflecting the company's commitment to safety [2] - The mobilization of equipment is seen as a clear indication of Borealis moving into execution, with a focus on safety and operational readiness [4] Group 3: Project Details - The Borealis Mine is a fully permitted, past-producing open-pit gold mine with existing infrastructure and a staged approach to production ramp-up [4] - The property has historically produced over 600,000 ounces of gold and possesses high-grade expansion potential with robust historical drilling results [6] - The project holds existing federal and state permits for mining and processing operations, although modifications may be required for expanded production [7] Group 4: Future Prospects - Borealis is also advancing its Sandman project in Nevada, which has a recently completed NI 43-101 compliant resource and a Preliminary Economic Assessment indicating compelling economics [9] - The company is led by a strong management team with a history of founding and managing successful mining and exploration companies [9]