Nevada Mining

Borealis Mining Company has transitioned to initial gold production, reporting $1.54M in revenue for Q1 FY2026, despite a net loss. The company successfully processed stockpiles and achieved its first gold pour. Financially strong with $8.18M cash, Borealis plans to restart open-pit mining in early 2026, acknowledging associated risks. Key permits are secured, and exploration continues across multiple projects, leveraging existing infrastructure and an experienced management team.