Boron 101

Boron: a critical element growing in demand

The Boron Market is rapidly emerging as a critical mineral due to its use in numerous high-tech and clean energy applications, making the presence of boron mineralization at the Columbus Project potentially significant.

The boron market is expected to grow to more than $3 billion by 2028¹ with Rio Tinto’s US Borax and Turkey’s state-owned Eti Maden collectively accounting for an estimated 85 percent of global supply².

Significant boron deposits are recognized as being rare and Canter Resources considers the potential for significant boron concentrations at Columbus to be excellent.

Past borax brine production at Columbus (late 1800’s), significant boron concentrations in clays at Ioneer’s ($206M USD market capitalization) feasibility-stage Rhyolite Ridge Project (one of only two known boron-related development-stage projects in the US) located 17 miles from Columbus (sharing the same volcanic source rocks) and significant boron concentrations in brines from the Company’s initial shallow drilling underpin the discovery potential.