Black Iron Renews Letter of Intent for Key Rail Capacity for the Shymanivske Project
Toronto, Ontario--(Newsfile Corp. - May 9, 2019) - Black Iron Inc. (TSX: BKI) (OTC Pink: BKIRF) (FSE: BIN) ("Black Iron" ) has renewed its Letter of Intent ("LOI") with Ukraine's National Railway to provide up to 10 Mtpa of capacity to move product from the railway line located within two kilometers of Black Iron's Shymanivske Project ("the Project") to Port Yuzhny, a deep water port in the Black Sea. As Black Iron moves closer to commencing construction of the...
2019-05-09 8:30 AM EDT
Black Iron Closes Upsized and Fully Subscribed Final Tranche of Private Placement
Toronto, Ontario--(Newsfile Corp. - April 5, 2019) - Black Iron Inc. (TSX: BKI) (OTC Pink: BKIRF) (FSE: BIN) ("Black Iron" or the "Company"), an iron ore development project ranked by CRU as the lowest cost undeveloped pellet feed project globally, announces that it has upsized and closed the second and final tranche of its previously announced non-brokered private placement (the "Second Tranche") of units of the Company (the "Offering"). Pursuant to the Second Tranche, the Company issued a...
2019-04-05 8:30 AM EDT
Black Iron Closes First Tranche of Private Placement with Strategic Participation
Toronto, Ontario--(Newsfile Corp. - March 29, 2019) - Black Iron Inc. (TSX: BKI) (OTC Pink: BKIRF) (FSE: BIN) ("Black Iron" or the "Company") has closed the first (the "First Tranche") of two planned tranches of its previously announced non-brokered private placement financing of units of the Company (the "Offering"). The Company issued 17,508,440 units (the "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...
2019-03-29 5:28 PM EDT
Black Iron Announces Private Placement Financing
Toronto, Ontario--(Newsfile Corp. - March 21, 2019) - Black Iron Inc. (TSX: BKI) (OTC Pink: BKIRF) (FSE: BIN) ("Black Iron" or the "Company") announces it intends to complete a non-brokered private placement financing of up to 25,000,000 units of the Company (the "Units") at a price of $0.06 per Unit for maximum gross proceeds of $1,500,000 (the "Offering"). Each Unit shall consist of one common share of the Company (each a "Common Share") and one-half of one common share purchase...
2019-03-21 5:45 PM EDT
Black Iron Makes Progress to Secure Key Land
Toronto, Ontario--(Newsfile Corp. - March 14, 2019) - Black Iron Inc. (TSX: BKI) (OTC Pink: BKIRF) (FSE: BIN) ("Black Iron" or the "Company") is pleased to announce that Ukraine's Ministry of Defence ("MOD") 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 (the "Project"), as outlined in the Company's re-scoped Preliminary Economic Assessment ("PEA"). The...
2019-03-14 8:30 AM EDT
Black Iron Signs MOU with Glencore for Funding Construction of the Shymanivske Iron Ore Project
Toronto, Ontario--(Newsfile Corp. - February 20, 2019) - Black Iron Inc. (TSX: BKI) (OTC Pink: BKIRF) (FSE: BIN) ("Black Iron") is pleased to announce the signing of a non-binding Memorandum of Understanding (the "MOU") with a subsidiary of Glencore plc ("Glencore"), pursuant to which the parties agree to engage in formal negotiations to finance the construction of the Shymanivske Iron Ore Project (the "Project"). The MOU contemplates Glencore making an investment to help fund construction of...
2019-02-20 8:30 AM EST
Black Iron: Spike in Iron Ore Prices Supports Economics of Shymanivske Project
Iron ore prices up ~25% YTD with 65% iron content product currently selling for US$106/tonne as of February 12, 2019; Black Iron plans to produce a 68% iron content productLicense revocation and production cuts at the world's largest iron ore producer contributed to upward price trends in the iron ore marketPellets and pellet feed, as planned to be produced by Black Iron, are expected to receive the most sustainable positive price impactThese market developments further bolster Black Iron's...
2019-02-14 8:30 AM EST