The rebuilding of Ukraine is going to require a substantial amount of steel. What better than to have the iron ore used to produce this steel come from a new domestic mine with ultra-high 68% iron content, which will significantly reduce carbon emissions in the production of steel, as Black Iron Inc. (the “Company” or “Black Iron“) is planning to construct.
The Canadian Ukraine Chamber of Commerce (“CUCC“) is hosting a Rebuild Ukraine Business Conference at the King Edward Hotel in Toronto on Wednesday, November 23 from 8am until 7pm that will be attended by several prominent speakers including:
- Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance
- Yuliia Svyrdenko, Ukraine’s First Vice Prime Minister and Minister of Economy
- Larisa Galadza, Ambassador of Canada to Ukraine
- Yuliya Kovaliv, Ambassador of Ukraine to Canada
- Artem Shevalev, Alternate Board Director, European Bank for Reconstruction & Development
Black Iron is proud to be a sponsor of this important event. If you would like to participate in this conference or review more information about the event, click on the link below to go to CUCC’s website.
Black Iron’s management is actively monitoring initiatives currently being developed in the private and public sectors to fund Ukraine’s rebuilding to make them aware of our Shymanivske iron ore project (“Project“). It is the Company’s view that there will be a tremendous amount of investment in Ukraine upon there being peace. Black Iron’s well advanced development stage Project can contribute meaningfully to this rebuilding while providing strong economic returns to investors in a more environmentally responsible manner.
About Black Iron
Black Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske Iron Ore Project located in Kryviy Rih, Ukraine. Full mineral resource details and projected project economics can be found in the NI 43-101 technical report entitled “(Amended) Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit” published in March 2020 with an effective date of November 21, 2017 under the Company’s profile on SEDAR at www.sedar.com. The Project is surrounded by five other operating mines, including Metinvest’s YuGOK and ArcelorMittal’s iron ore complex. Please visit the Company’s website at www.blackiron.com for more information
For more information, please contact:
Chief Executive Officer
Black Iron Inc.
This project update contains forward-looking information. Forward-looking information is based on what management believes to be reasonable assumptions, opinions and estimates of the date such statements are made based on information available to them at that time. Forward-looking information may include, but is not limited to, statements with respect to the Project, discussions with the Ukraine government with respect to the land transfer and investment support agreement, review of potential projects and the Company’s future plans. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the war in Ukraine; general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. The Company notes that mineral resources are not mineral reserves and do not have demonstrated economic viability.