Black Iron Inc.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Company Description
- CEO
- Matthew James Simpson
- Full Time Employees
- 2
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- 198 Davenport Road Toronto ON Canada M5R 1J2
- IPO Date
- Apr 29, 2011
- Website
- blackiron.com
- Similar Companies
- Business
- Black Iron Inc. (TSX: BKI) is a Canada-based iron ore exploration and development company that advances its 100% owned Shymanivske Iron Ore Project located in Kryviy Rih, Ukraine, surrounding operating mines including Metinvest’s YuGOK and ArcelorMittal’s iron ore complex; the project features a high-grade 68% Fe low-impurity premium magnetite pellet-feed concentrate ideal for green steel production, surrounded by existing infrastructure such as railway, deep seaport, low-cost power, and skilled labor, with projected output of up to 10 million tonnes per annum upon full development as detailed in its NI 43-101 technical report. Founded in 2010 and headquartered in Toronto, Canada, the company targets global steelmakers in Europe and the Middle East seeking premium iron ore to enhance blast furnace efficiency and reduce emissions by approximately 30% compared to peers. In 2025, Black Iron completed all required Ukrainian engineering, environmental, and social impact studies plus public hearings to mine 1% of the Shymanivske ore body for extraction permit renewal under new legislation, secured necessary government approvals, successfully trialed ore processing at neighboring mines to produce marketable concentrate, and plans commercial mining startup in early 2026 followed by an additional US$1.6 million investment from Anglo American per their prior royalty and offtake agreement; the company also shortlisted in Newfoundland & Labrador’s competitive bid for the Julienne Lake iron ore deposit—supported by Anglo American—with its low strip ratio and high recovery potential for high-purity concentrate suited to cleaner steelmaking, appointed David Porter as Chairman of the Board in July 2025, and engaged government-backed agencies for non-recourse financing to advance full project permitting amid ongoing war conditions.
Company News
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