Black Iron

BLACK IRON SIGNS MOU WITH GLENCORE FOR FUNDING CONSTRUCTION OF THE SHYMANIVSKE IRON ORE PROJECT

2019-02-20 06:46
TORONTO, CANADA, February 20, 2019 – Black Iron Inc. (“Black Iron”) (TSX: BKI; OTC: BKIRF; FRANKFURT: BIN) 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
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Cubed
Investor Relations
+1 (647) 258-3311 or Toll Free: 1 888 258 3323

Black Iron Inc.
Matt Simpson
President & Chief Executive Officer
+1 (416) 309-2138
info@blackiron.com



Black Iron is a Canadian iron ore exploration and development company advancing its 100% owned Shymanivske Project located in Krivoy Rog, Ukraine, to production. This Shymanivske Project contains 345 million tonnes measured and indicated resources grading 32% iron and 469 million tonnes inferred resources grading 31% iron. The project is surrounded by five other operating mines including ArcelorMittal’s iron ore complex. Existing infrastructure, including access to power, rail and port facilities, allows for a quick development timeline to production.

Black Iron also holds an exploration permit for the adjacent Zelenivske Project, which it intends to further explore to determine its potential.



Få framtida pressmeddelanden via epost
Din epostadress: