Despite the ongoing war in Ukraine, Black Iron Inc.’s team has progressed the Shymanivske iron project through discussions with Ukraine’s Ministry of Defence regarding land transfer for the Project, execution of a Ukraine Government investment support agreement, and Project permitting.
To ensure our permits remain in good standing, work is currently ongoing in Ukraine to update geological and mine plans.
Finally, while Black Iron’s stakeholders wait for peace in Ukraine to advance its Shymanivske Project to construction, management has been reviewing new potential projects to generate shareholder value. |