Black Iron Inc. management recently hosted representatives from a company interested to secure offtake rights from the Shymanivske iron ore project at site in Ukraine as part of the currently ongoing competitive offtake process involving several steel mills and global traders. These companies are interested to secure the rights to purchase Black Iron's expected ultra high grade 68% pellet feed at a slight discount to [...]
Black Iron Inc. ; ; is pleased to announce that it has entered into a non-binding royalty term sheet for US$100 million with a prominent United States based institutional investor. Matt Simpson, CEO of Black Iron, stated: "This major planned investment from a high caliber institution is game-changing for Black Iron. It aims to provide the company with a substantial portion of the necessary construction financing, and [...]
As an update on Black Iron Inc.'s formal offtake process that was previously announced, multiple groups participated in the first round resulting in the Company receiving expressions of interest to invest in exchange for securing offtake rights. Offtake allows the investor to secure the rights to purchase Black Iron's initial entire expected annual production of 4 million tonnes of pellet feed at a slight discount to [...]
Black Iron Inc. has set October 9, 2020 as the submission date for expressions of interest to be received from steel mills and global traders to secure the rights to purchase its initial entire expected annual production of 4 million tonnes of pellet feed, in exchange for making a substantial investment towards construction of the Shymanivske iron ore project . There are several multi-billion market capitalization [...]
Black Iron Inc. announces that it has received a substantial increase in interest from groups looking for iron ore offtake given the sharp increase in iron ore prices and China's efforts to diversify away from its strong reliance on Australian iron ore. This includes interest from parties already well advanced in their due diligence such as Glencore and several new steel mills that have been in recent contact with the [...]
Black Iron Inc. announces that it has elected to accelerate the expiry date of the common share purchase warrants dated March 29, 2019 and April 5, 2019 . The Warrants were issued in connection with a private placement of units, with each share purchase warrant being exercisable into one additional common share of the Company at a price of $0.09 per share until March 29, 2022 and April 5, 2022, as applicable. The Warrants [...]
Black Iron Inc. reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management information circular dated June 15, 2020 were elected as directors of the Company at the annual meeting of shareholders of the Company held on July 13, 2020. Detailed results of the vote for the election of directors are as follows: Votes For % Votes For Votes Withheld % Votes Withheld John [...]
Black Iron Inc., announces that Ukraine's President, Volodymyr Zelenskyy, made several supportive statements regarding Black Iron in an article published on his official website on June 21, 2020 regarding his views on the important relationship between Ukraine and Canada. The following is an excerpt from the article: "stressed that economic relations between Ukraine and Canada develop in real steps, not in words. In [...]
Black Iron Inc. announces that it has closed its previously announced non-brokered private placement of units of the Company. Pursuant to the Offering, the Company issued a total of 36,534,420 units at a price of $0.05 per Unit for gross proceeds of $1,826,721. Interest to participate in the Offering was extremely strong and Black Iron management asks that investors who were unable to receive an allocation of the [...]
Black Iron announces it intends to complete a non-brokered private placement financing of up to 36,534,420 units of the Company at a price of $0.05 per Unit for maximum gross proceeds of $1,826,721. Each Unit shall consist of one common share of the Company and one-third of one common share purchase warrant entitling the holder to acquire a Common Share at a price of $0.06 for a period of three years from the date of [...]
Black Iron's globally top ranked iron ore project construction financing plan to be presented at the Spring Investor Summit on March 25th in New York City. The Spring Investor Summit will take place at the Essex House, featuring 100 companies and over 500 institutional and retail investors. About Black Iron Black Iron Inc. is developing an iron ore mine ranked as the lowest cost undeveloped project globally by both CRU [...]
Black Iron Inc. management continue to make very positive progress in discussions with steel mills and global commodity trading companies that are showing strong interest to fund a meaningful amount of the expected US$452 million required to construct phase 1 of its Shymanivske iron ore project in exchange for securing offtake rights. The offtake rights entail purchasing up to the full four million tonnes per annum of [...]
