BIN.F - Black Iron Inc.

Frankfurt - Frankfurt Delayed Price. Currency in EUR
+0.0002 (+0.43%)
As of 8:09AM CEST. Market open.
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Previous Close0.0461
Bid0.0463 x 13125000
Ask0.0729 x 3685000
Day's Range0.0463 - 0.0463
52 Week Range0.0150 - 0.0910
Avg. Volume602
Market Cap7.268M
Beta (3Y Monthly)1.45
PE Ratio (TTM)N/A
EPS (TTM)-0.0150
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A

    Black Iron Comments on Recent Share Price and Provides Construction Financing and Land Progress Update

    TORONTO, ON / ACCESSWIRE / August 12, 2019 / Black Iron Inc. (“Black Iron” or the “Company”) (BKI.TO) (BKIRF) (BIN.F) continues to advance the Shymanivske Iron Ore Project (“Shymanivske” or the “Project”) towards construction with management efforts focused on securing funding for construction and land usage rights. The recent drop in share price is potentially attributed to a combination of shares from the April 2019 private placement (the “Private Placement”) becoming free trading and a decline in the global price of iron ore (important to note that the price is still up over 30% since the start of this year). Although Black Iron’s share price has increased since the Private Placement, the Company’s current market capitalization is a fraction of its future potential as shown in the chart below copied from the Company’s Preliminary Economic Assessment.

  • GlobeNewswire

    Black Iron Renews Access Agreements for Port and Power & Provides Project Update

    FRANKFURT: BIN), as part of providing reassurance to potential investors regarding project construction, has renewed its letter of intent (“LOI”) with TransInvestServis (“TIS”) for storage and cape-size ship loading capacity of up to 8.0 Mtpa (+/-15%) at TIS’ privately owned berth at Port Yuzhny to match the projected production from the phased build of Black Iron’s Shymanivske Project (the “Project”). Black Iron has also renewed its LOI with DTEK DNIPRO GRIDS JSC (“DTEK”) to secure the electricity power required to operate the mine and processing plant. Availability of world-class electricity supply, deep-water cape-size port and modern heavy gauge rail is essential for the successful production and international trade of high-grade iron ore concentrate.

  • GlobeNewswire

    Black Iron Appoints Cutfield Freeman as International Financial Advisor

    FRANKFURT: BIN), announces that it has appointed Cutfield Freeman & Co Ltd (“Cutfield Freeman”) as its international financial advisor to negotiate and structure funding for construction of its Shymanivske iron ore project (“Shymanivske” or the “Project”). Equity investors are attracted by the large gap in Black Iron’s current market capitalization as compared to its future potential and debt investors appreciate the strong economic returns when using very conservative long-term iron ore prices. “Black Iron selected Cutfield Freeman after a comprehensive process undertaken by the company given their extensive experience in securing construction financing for junior mining companies and global reach,” stated Black Iron’s CEO, Matt Simpson.

  • GlobeNewswire

    Black Iron Renews Letter of Intent for Key Rail Capacity for the Shymanivske Project

    FRANKFURT: BIN) 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 Project, it is renewing LOIs for all vital infrastructure including rail, power and port capacity. Unlike many other start-up iron ore mines, the Project has ready accessibility to all essential infrastructure needed for its operation.

  • Newsfile

    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 ...

  • GlobeNewswire

    Black Iron Signs MOU With Glencore for Funding 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 planned annual production of four million tonnes with the terms and amount still to be negotiated.  Additionally, the MOU outlines cooperation between Black Iron and Glencore to leverage their relationships to source the balance of funds required to construct the Project. The MOU also allows for allocation of offtake to other equity investors subject to the investment terms offered being equal or superior to those proposed by Glencore.

  • GlobeNewswire

    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.

  • GlobeNewswire

    Coverage Initiated for Black Iron Inc. via NetworkNewsWire

    NEW YORK, Jan. 31, 2019 -- via NetworkWire – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN), a Canadian iron ore exploration and development company advancing to.

  • GlobeNewswire

    Black Iron Year-End Update on Shymanviske Advancement

    FRANKFURT: BIN) continues to advance the Shymanivske Iron Ore Project (“Shymanivske” or the “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 government officials have been held since receiving a proposal from Ukraine’s Ministry of Defence to secure the surface rights for a plot of land adjacent to Black Iron’s Shymanivske Project for location of the processing plant, tailings and waste rock. During the summer and fall, interested steel mills and global commodity trading houses visited the Shymanivske Project site as part of their due diligence for investment in Project construction in exchange for long term purchase of Black Iron’s pellet feed.  Discussion with these groups remains ongoing and Black Iron management anticipates being able to announce its first commercial arrangement early in the new year.  Interest from these groups is largely driven by the close proximity of the Project to rail, power, ports and people leading to a scalable project with the second lowest capital intensity and lowest normalized operating costs in the world for an undeveloped pellet feed project according to the CRU Group as press released by the Company on May 2, 2018.