Investors
Corporate Presentation
Analyst Coverage
Borealis Mining is currently covered by the following equity research analysts.
Please note that the views and estimates expressed by these analysts are their own and do not represent those of Borealis Mining or its management.

Pierre Vaillancourt
Haywood Securities

Ron Stewart
Red Cloud Securities
Eleanor Magdzinski
SCP Equity Research
Capital Structure
| Description | Capitalization |
| Common Shares | 148,281,116 |
| Warrants | 8,143,332 |
| Broker Warrants | 1,027,711 |
| Options / RSUs | 7,326,300 |
| Market Cap (July 14, 2026) | ~C$158M |
Financial Statements & MD&A
2026
- Period ended April 30, 2026 – MD&A | Financial Statements
- Period ended January 31, 2026 – MD&A | Financial Statements
2025
- Period ended October 31, 2025 – MD&A | Financial Statements
- Year ended July 31, 2025 – MD&A | Financial Statements
- Period ended April 30, 2025 – MD&A | Financial Statements
- Period ended January 31, 2025 – MD&A | Financial Statements
2024
- Period ended October 31, 2024 (Restated) – MD&A | Financial Statements
- Period ended July 31, 2024 – MD&A | Financial Statements
- Period ended March 31, 2024 – MD&A | Financial Statements
Borealis ESTMA Report
About Borealis Mining Company Ltd.
Borealis is a Nevada gold producer focused on mining and exploration at its Borealis Mine, advancing its Sandman development project, and exploring its Big Balds project. The Borealis Mine is a fully permitted, actively producing mine site with operating heap leach pads, an ADR facility, and all the infrastructure needed for heap leach gold production. In addition to the mine, the property is highly prospective for additional high-sulfidation gold mineralization. It comprises 815 unpatented mining claims of approximately 20 acres each, totaling approximately 16,300 acres, and one unpatented mill site claim of about five acres in western Nevada. The Sandman project is a development-stage project with an NI 43-101 compliant resource and a 2026 Preliminary Economic Assessment that indicates compelling economics, particularly at current gold prices. Borealis is led by a strong board and management team, many of whom have founded, managed, and sold highly successful mining and exploration companies.
About The Borealis Project & Mine
The 100%-owned Borealis Mine is a fully permitted mine site equipped with active heap leach pads, an ADR facility, and all necessary infrastructure to support present mining operations and future expansion. It is an underexplored property located in one of Nevada's most productive gold belts, with multiple high-priority exploration targets and significant potential for additional high-sulfidation gold mineralization. Borealis is also advancing its Sandman gold project, an advanced-stage exploration asset with an updated Preliminary Economic Assessment published in 2026.
Contact Information
Borealis Mining Company Ltd.
217 Queen St W #401,
Toronto, ON M5V 0R2
Kelly Malcolm
CEO & Director
kmalcolm@borealismining.com
The scientific and technical information on this website has been reviewed and approved by Kelly Malcolm, P.Geo., President & CEO at Borealis Mining Company, a Qualified Person as defined by NI 43-101.