|Bid||0.0800 x 0|
|Ask||0.0850 x 0|
|Day's Range||0.0800 - 0.0900|
|52 Week Range||0.0500 - 0.1600|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 8, 2019 - Nov 14, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.12|
TORONTO, ON / ACCESSWIRE / September 18, 2019 / Black Iron Inc. ("Black Iron" or the "Company") (BKI.TO) reports it has executed a convertible security funding agreement (the "Agreement") with Lind Global Macro Fund LP ("Lind") pursuant to which Black Iron may issue to Lind convertible securities in the principal amount of up to CAD$11 million. Under the terms of the Agreement, Lind will make an initial investment of CAD$2.25 million less a commitment fee of CAD$78,750, in exchange for a convertible security (the "First Convertible Security") with a principal amount of CAD$2.7 million (the "Face Value" or "Principal") representing a principal amount of CAD$2.25 million and a pre-paid interest amount of CAD$450,000.
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.
TORONTO, CANADA / ACCESSWIRE / August 9, 2019 / Black Iron Inc. (“Black Iron” or the “Company”) (BKI.TO) reports that it has filed the independent contractor agreement dated January 1, 2014 between the Company and Forbes & Manhattan, Inc. (the “F&M Agreement”) on SEDAR under the Company’s profile. Pursuant to the F&M Agreement, Forbes & Manhattan, Inc. provides management, business and operational consulting services to the Company. The dissemination of this news release and the filing of the F&M Agreement on SEDAR have been completed in connection with a continuous disclosure review conducted by staff of the Ontario Securities Commission.
Anyone researching Black Iron Inc. (TSE:BKI) might want to consider the historical volatility of the share price...
TORONTO, ON / ACCESSWIRE / July 3, 2019 / Black Iron Inc. ("Black Iron" or the "Company") (BKI.TO) reports, Ukraine's recently elected President, Volodymyr Zelensky, made several highly supportive statements regarding development of Black Iron's project at an Economic Club of Canada event today after having identified Black Iron as an important project his Government supports at a ministerial event hosted by Canada's Foreign Minister, Chrystia Freeland. In his speech, President Zelensky emphasized that Ukraine is a country rich in many natural resources and that his Government invites international investors to build new mines in the country.
TORONTO, ON / ACCESSWIRE / June 27, 2019 / Black Iron Inc. ("Black Iron" or the "Company") (BKI.TO) reports, recently elected Ukraine President Zelensky along with several Ministers from Ukraine's Government will be in Toronto next week and Black Iron's CEO Matt Simpson is participating in several meetings including a panel at the Ukraine House event on July 3rd being moderated by the Chairman of UkraineInvest. Good progress is being made to secure essential land for Black Iron's Shymanivske project construction with an agreement recently being reached with Ukraine's Ministry of Defence on the co-ordinates for a parcel of land they are willing to turn over to Black Iron subject to preconditions currently being negotiated. The sale price of iron ore is up 45% year to date with 62% iron content product currently selling for ~US$117 per tonne and 65% iron content product for ~US$128 per tonne.
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.
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.
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.
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 ...
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 ...
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 ...
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 ...
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 ...
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.
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 ...
NEW YORK, Feb. 13, 2019 (GLOBE NEWSWIRE) -- via NetworkNewsAudio - NetworkNewsAudio (NNA), a NetworkNewsWire (NNW) Solution that delivers clients unparalleled visibility, recognition and brand awareness in the investment community, today announces the online availability of its interview with Black Iron Inc. (BKI.TO) (BKIRF) (BIN), a client of NNW and iron ore exploration and development company advancing to production its low cost, high purity grade iron ore project in Central Ukraine. NNW’s Stuart Smith introduces Black Iron CEO Matt Simpson to an interview that first discusses the advantageous location of the company’s wholly owned Shymanivske project in Kryviy Rih, Ukraine. “In order to make money in iron ore, there’s two really key things that are essential.
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.
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.
Redondo Beach, California--(Newsfile Corp. - November 6, 2018) - 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. (TSX: BKI) (OTC Pink: BKIRF) (FSE: BIN).Benchmark iron ore prices have risen from less than $66.00 per ton in early September to more than ...
Redondo Beach, California--(Newsfile Corp. - September 24, 2018) - 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. (TSX: BKI) (OTC Pink: BKIRF) (FSE: BIN).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 ...