Black Iron Inc. has closed the first of two planned tranches of its previously announced non-brokered private placement financing of units of the Company . The Company issued 17,508,440 units at a price of $0.06 per Unit for gross proceeds of $1,050,506. Certain insiders of the Company, including members of senior management and the board of directors, have subscribed for Units pursuant to the First Tranche . The Insider [...]
Black Iron announces it intends to complete a non-brokered private placement financing of up to 25,000,000 units of the Company at a price of $0.06 per Unit for maximum gross proceeds of $1,500,000 . Each Unit shall consist of one common share of the Company and one-half of one common share purchase warrant entitling the holder to acquire a Common Share at a price of $0.09 for a period of three years from the date of [...]
Black Iron Inc. is pleased to announce that Ukraine's Ministry of Defence has developed a plan to transfer the parcel of land originally sought by the Company as a location of the processing plant, tailings and waste rock for its Shymanivske iron ore project , as outlined in the Company's re-scoped Preliminary Economic Assessment . The parcel of land proposed by Ukraine's MOD to Black Iron in September 2018 was deemed [...]
Black Iron Inc. is pleased to announce the signing of a non-binding Memorandum of Understanding with a subsidiary of Glencore plc , pursuant to which the parties agree to engage in formal negotiations to finance the construction of the Shymanivske Iron Ore Project . The MOU contemplates Glencore making an investment to help fund construction of the Project in exchange for securing the offtake of up to the full phase one [...]
Black Iron Inc. continues to advance the Shymanivske Iron Ore Project towards construction. In the second half of this year, the Company hosted a few multibillion-dollar companies at site as part of their due diligence to fund a portion of Project construction in exchange for purchase of the ultra high grade 68% iron content pellet feed iron concentrate expected to be produced. Additionally, several meetings with Ukraine [...]
SECFilings.com, a leading financial news and information portal offering free real time public company filing alerts, announces the publication of an article covering what's driving iron-ore prices and why investors may want to diversify into development-stage opportunities, like Black Iron Inc.. . Benchmark iron ore prices have risen from less than $66.00 per ton in early September to more than $75.00 per ton in recent [...]
SECFilings.com, a leading financial news and information portal offering free real time public company filing alerts, announces the publication of an article covering Black Iron Inc. . There's no doubt that commodity prices have been under pressure this year. Silver and copper are both down nearly 20 percent, platinum is down more than ten percent, gold prices are down more than eight percent, and palladium is down more [...]
Black Iron Inc. management are pleased to announce that the Company has received a formal proposal from Ukraine’s government to lease to the Company a plot of land connected to the Company’s Shymanivske iron ore body for the location of the Project’s processing plant, tailings and waste rock. This marks a significant milestone in the Project’s development and further demonstrates Ukraine [...]
Black Iron reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management information circular dated May 29, 2018 were elected as directors of the Company at the Annual and Special Meeting of shareholders of the Company held on June 27, 2018. Detailed results of the vote for the election of directors are as follows: Votes For % Votes For Votes Withheld % Votes Withheld [...]
TORONTO, May 09, 2018 -- Black Iron Inc. is pleased to announce the positive results of a recently completed technical study undertaken to evaluate the suitability of the iron content product expected to be produced from Black Iron’s Shymanivske project located in Kryviy Rih, Ukraine, as a raw material for the production of sinter for iron-making. This study conducted by the China Iron and Steel Research Institute [...]
TORONTO, May 02, 2018 -- Black Iron Inc. is pleased to announce the positive results of a study commissioned by Black Iron to determine the Company’s position on the global business cost curve and capital intensity in the context of new development iron ore projects. CRU Group , an internationally recognised top global business intelligence provider and consultancy specializing in commodities, was commissioned to [...]
