Core Viewpoint - Borealis Mining Company Limited has successfully completed its second pour of gold and silver doré, totaling 42.83 pounds (617 troy ounces) from stockpile crushing and heap leaching operations at its minesite [1][2]. Group 1: Production and Operations - The company is awaiting assay results to determine the grade and value of the doré, with preliminary results indicating a roughly 50-50 gold-silver ratio [2]. - Heap leaching and crushing of the stockpile of oxide material continues, with approximately 153,000 tons crushed to date [2]. - The company anticipates additional pours before the end of the year and has completed its annual stack testing to ensure compliance with environmental standards [2]. Group 2: Financial Incentives - Borealis has granted 2,300,000 stock options and 158,500 restricted share units (RSUs) to certain officers, directors, employees, and consultants, in accordance with its long-term incentive plan [4]. - The stock options are exercisable at a price of $1.63 per common share for a period of five years, while the RSUs vest one year from the date of grant [4]. Group 3: Mine and Project Overview - The Borealis mine property is fully permitted and equipped for current operations and future expansion, having historically produced over 600,000 ounces of gold [6]. - The property is under-explored, with no drilling since 2011, except for recent efforts in 2024 and 2025, indicating high-grade expansion potential [6]. - The Borealis Project holds existing federal and state permits for mining and processing operations, although modifications may be required for expanded production [7]. Group 4: Company Background - Borealis is focused on the exploration and resumption of production at the Borealis Mine in Nevada and advancing its Sandman project, which has compelling economics based on recent commodity price increases [8]. - The company is led by a strong management team with a history of founding and managing successful mining and exploration companies [8].