BLACK IRON SIGNS US$100 MILLION ROYALTY INVESTMENT TERM SHEET
2020-12-22 17:48For Immediate Release TORONTO, CANADA, December 22, 2020 – Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FWB: BIN) is pleased to announce that it has entered into a non-binding royalty term sheet for US$100 million with a prominent United States based institutional investor. Matt Simpson, CEO of Black Iron, stated:
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
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.