NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (
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Posted On: 05/09/2019 4:45:45 PM
NetworkNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Renews LOI Securing Key Rail Capacity for Shymanivske Project
Canadian iron ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) this morning announced its renewal of a Letter of Intent (“LOI”) with Ukraine’s National Railway. Under the agreement, the railway will provide up to 10 Mtpa of capacity to move product from the line located within two kilometers of Black Iron’s Shymanivske Project to Port Yuzhny, a deep water port in the Black Sea. Per the update, unlike many other start-up iron ore mines, the Shymanivske Project has ready accessibility to all essential infrastructure needed for its operation, and Black Iron is renewing vital LOIs as it moves closer to commencing project construction. “Renewing the LOI with Ukraine’s National Railway is an important step in providing assurance to current and future investors in our Project,” Black Iron CEO Matt Simpson commented in the news release. “We are very fortunate to be able to access such high-quality infrastructure which is right on the doorstep of our project. We appreciate the close cooperation we have received from all levels of government in Ukraine and from the National Railway.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Canadian iron ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) this morning announced its renewal of a Letter of Intent (“LOI”) with Ukraine’s National Railway. Under the agreement, the railway will provide up to 10 Mtpa of capacity to move product from the line located within two kilometers of Black Iron’s Shymanivske Project to Port Yuzhny, a deep water port in the Black Sea. Per the update, unlike many other start-up iron ore mines, the Shymanivske Project has ready accessibility to all essential infrastructure needed for its operation, and Black Iron is renewing vital LOIs as it moves closer to commencing project construction. “Renewing the LOI with Ukraine’s National Railway is an important step in providing assurance to current and future investors in our Project,” Black Iron CEO Matt Simpson commented in the news release. “We are very fortunate to be able to access such high-quality infrastructure which is right on the doorstep of our project. We appreciate the close cooperation we have received from all levels of government in Ukraine and from the National Railway.”
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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