Black Iron Inc.

Black Iron Inc. ;; management want to reassure investors that the Company is continuing development of its Shymanivske Iron Ore Project located in Central Ukraine on the west side of the Dnieper River while carefully monitoring Russia's incursion into Eastern Ukraine. The adjacent iron ore mines to the Project continue to operate without interruption and our employees are going to work to as usual. The Company intends to [...]

Black Iron Inc. has received a number of inbound inquires from shareholders over the past two weeks seeking an update on the Shymanivske Iron Ore Project and progress with reaching binding offtake, land transfer and Ukraine government investment support agreements. Further to the press release of the Company on June 30, 2021 and March 8, 2021, solid progress is being made by Wood PLC on the Project's feasibility study and [...]

RAB Capital Holdings Limited , a private investment holding corporation owned by Mr. William Philip Richards, reports that, on July 21, 2021, it purchased 1,500,000 common shares of Black Iron Inc. pursuant to a short form prospectus offering, at a price of $0.40 per share for aggregate consideration of $600,000. RAB Capital now beneficially owns and controls 38,300,000 Black Iron shares . Prior to this investment [...]

Black Iron Inc. is pleased to announce that it has closed its previously announced short form prospectus offering, including the full exercise of the over-allotment option, raising gross proceeds of $11.5 million for the Company through the issuance of 28,750,000 common shares of the Company at a price of $0.40 per Share . The Offering is subject to final approval by the Toronto Stock Exchange . Canaccord Genuity Corp [...]

Black Iron Inc. announces that its previously-announced marketed public offering of common shares of the Company will consist of up to 25,000,000 Shares for gross proceeds of up to C$10 million. In respect of the foregoing, Black Iron will file today an amended and restated preliminary short form prospectus , to amend and restate the preliminary short form prospectus of the Company dated June 29, 2021. Each Share will be [...]

Black Iron Inc. is pleased to announce that Wood PLC has initiated work on the completion of an updated Feasibility Study for the Company's Shymanivske Iron Ore Project based on a phased buildout from 4Mtpa to 8Mtpa of premium 68% grade pellet feed. Wood's personnel have extensive experience in the development of major resources projects, spanning all facets of project management and engineering and a proven track record [...]

Black Iron Inc. announces that it has filed a preliminary short form prospectus with the securities commissions in each of the Provinces of Canada, in connection with a marketed public offering of common shares of the Company for aggregate gross proceeds of approximately C$10 million. The price of the Offering will be determined in the context of the market. The Offering is being conducted on a "best efforts" agency basis [...]

Black Iron Inc. reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management information circular dated May 26, 2021 were elected as directors of the Company at the annual and special meeting of shareholders of the Company held today. 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 the production of steel using Black Iron's anticipated high grade 68% iron magnetite pellet feed reduces green house gas emissions by ~30%[i] as compared to more typically consumed 62% iron hematite fines. Black Iron can also easily further upgrade its product to direct reduction pellet feed as is required to produce steel using green hydrogen which is getting a lot of attention in the media as [...]

RAB Capital Holdings Limited reports that, on May 20, 2021, it exercised 9,200,000 warrants of Black Iron Inc., at a price of $0.06 per share for aggregate consideration of $552,000. RAB Capital now beneficially owns and controls 36,800,000 Black Iron shares. Prior to this investment acquisition transaction RAB Capital beneficially owned 27,600,000 shares and 9,200,000 warrants of Black Iron representing approximately [...]