NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (
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Posted On: 03/13/2019 4:05:13 PM
NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Making Progress on Key Goals for Shymanivske Iron Ore Project
Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN), a Canadian iron-ore exploration and development company, anticipates delivering premium iron ore concentrate from its Shymanivske Iron Ore Project, and this supply could be exchanged for project construction financing. A recent article discussing the company’s progress on the project reads, “Currently, the Black Iron management team is focusing on two primary goals — securing sufficient financing and getting the required surface rights for the project. The project is currently doing well in terms of the first goal. In addition to Glencore investing equity, international finance institutions and European banks are highly interested in investing debt due to the project’s robust economic projections and the low operating costs. Good progress is also being made on surface rights, with a site visit attended by representatives from Ukraine’s Ministry of Defense, Dnepropetrovsk Regional Council, Kryvyi Rih City and Black Iron to review options for land transfer occurring during the first week of March.”
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Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN), a Canadian iron-ore exploration and development company, anticipates delivering premium iron ore concentrate from its Shymanivske Iron Ore Project, and this supply could be exchanged for project construction financing. A recent article discussing the company’s progress on the project reads, “Currently, the Black Iron management team is focusing on two primary goals — securing sufficient financing and getting the required surface rights for the project. The project is currently doing well in terms of the first goal. In addition to Glencore investing equity, international finance institutions and European banks are highly interested in investing debt due to the project’s robust economic projections and the low operating costs. Good progress is also being made on surface rights, with a site visit attended by representatives from Ukraine’s Ministry of Defense, Dnepropetrovsk Regional Council, Kryvyi Rih City and Black Iron to review options for land transfer occurring during the first week of March.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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