Black Iron Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Matthew James Simpson
- Full Time Employees
- 2
- Sector
- Basic Materials
- Industry
- Steel
- Address
- 198 Davenport Road Toronto ON Canada M5R 1J2
- IPO Date
- Jan 8, 2021
- Website
- blackiron.com
- Similar Companies
- Business
- Black Iron Inc. is a Canada-based iron ore exploration and development company primarily engaged in advancing its 100% owned Shymanivske Iron Ore Project located near Kryvyi Rih, in the Dnepropetrovsk Region of Ukraine. The company focuses on the extraction and production of high-grade magnetite pellet-feed iron ore concentrate with an iron content of approximately 68%, targeted at the steel production industry with an emphasis on green steel solutions to reduce greenhouse gas emissions. Black Iron holds an iron ore mining extraction permit covering 2.56 square kilometers and operates in one of the world's significant iron ore regions adjacent to major mining complexes such as those operated by Metinvest and ArcelorMittal. Founded in 2010, Black Iron is headquartered in Toronto, Canada, and manages its operations through its subsidiary Black Iron (Cyprus) Limited. Recent developments include the company’s extensive efforts throughout 2025 to complete requisite engineering, environmental, and social impact studies, alongside public hearings necessary for the renewal of its extraction permit at Shymanivske, with commercial mining operations anticipated to commence in early 2026. Black Iron has strengthened its financial position and growth prospects through a binding royalty and offtake agreement with Anglo American, which includes a planned additional investment of US$1.6 million upon permit renewal. Concurrently, the company is exploring non-dilutive funding opportunities and actively negotiating processing arrangements with nearby iron ore mines that have excess concentrate capacity, reducing capital expenditure needs for ore processing. Black Iron is also engaged with government-supported financial institutions and agencies to secure support for project construction and broader reconstruction initiatives in Ukraine. Moreover, the company is pursuing securing rights to the Julienne Lake iron ore deposit in Newfoundland and Labrador, Canada, backed by strategic support from Anglo American. Black Iron’s core products and services encompass iron ore exploration and development, mining operations, and the production of premium magnetite iron ore concentrate for use in steel manufacturing, primarily catering to the green steel market. Its operations are distinguished by an emphasis on high-grade iron ore with low emissions footprint, aligning with industry trends toward sustainability. The company’s strategic initiatives in financing, permit renewal, and partnerships with major industry players are aimed at advancing project development, securing supply chains, and expanding its resource base, positioning Black Iron as a key participant in the global iron ore and metals mining sector.
Black Iron Announces 2026 AGM Results
Black Iron Announces Closing of LIFE Offering
Black Iron Announces Upsizing of LIFE Offering
Black Iron Announces Private Placement of Units for Gross Proceeds of up to US$1.7 million
RAB Capital Discloses Disposal of Investment in Black Iron Inc.
Black Iron Provides Year-End Update
Black Iron Announces Appointment of Mr. David Porter as Chairman of the Board
Black Iron Announces 2025 AGM Results
RAB Capital Discloses Disposal of Investment in Black Iron Inc.
Black Iron Congratulates the U.S. and Ukraine on Their Minerals Deal and Aims to Help Pave the Way With Its Highly Advanced Ukraine New Mining Project
Black Iron Appoints New Chief Financial Officer
Black Iron Signs Land Lease Agreement With Kryvyi Rih City
Black Iron Signs Binding Documentation with Anglo American for a Royalty Investment with Associated Offtake and Right to Participate in Construction Funding
Black Iron Announces 2024 AGM Results
Ukraine Ministry of Economy Approval of an Investment Agreement with Black Iron will be a Significant Signal to Invest in Ukraine
Black Iron Submits Ukraine Government Investment Support Agreement
Black Iron Project and Key Agreement Update
RAB Capital Discloses Investment in Black Iron Inc.
Black Iron Announces Closing of $11.5 Million Offering
Black Iron Announces Pricing of Public Offering