BKI.TO - Black Iron, Inc.

Toronto - Toronto Delayed Price. Currency in CAD
0.0650
0.0000 (0.00%)
At close: 3:55PM EDT
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Previous Close0.0650
Open0.0650
Bid0.0600 x 0
Ask0.0650 x 0
Day's Range0.0600 - 0.0650
52 Week Range0.0500 - 0.1600
Volume183,000
Avg. Volume461,307
Market Cap12.109M
Beta (5Y Monthly)1.12
PE Ratio (TTM)N/A
EPS (TTM)-0.0160
Earnings DateMay 05, 2020 - May 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.12
  • Does Black Iron Inc. (TSE:BKI) Have A Volatile Share Price?
    Simply Wall St.

    Does Black Iron Inc. (TSE:BKI) Have A Volatile Share Price?

    If you own shares in Black Iron Inc. (TSE:BKI) then it's worth thinking about how it contributes to the volatility of...

  • ACCESSWIRE

    Black Iron Inc. to Present at the Spring Investor Summit on March 25th-26th in New York City

    NEW YORK, NY / ACCESSWIRE / March 9, 2020 / Black Iron's (TSX:BKI)(OTCPINK:BKIRF) globally top ranked iron ore project construction financing plan to be presented at the Spring Investor Summit on March ...

  • GlobeNewswire

    Black Iron Progresses Offtake Discussions and Updates PEA

    Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FWB:BIN) management continue to make very positive progress in discussions with steel mills and global commodity trading companies that are showing strong interest to fund a meaningful amount of the expected US$452 million required to construct phase 1 of its Shymanivske iron ore project (the “Project”) in exchange for securing offtake rights. The offtake rights entail purchasing up to the full four (4) million tonnes per annum of ultra high grade 68% iron ore planned to be produced in phase 1 at a slight discount to the daily traded benchmark iron ore price, and an equity ownership stake in the Company. Black Iron’s management are highly focused on securing the best deal for shareholders, which entails obtaining the largest amount of investment to fund Project construction for the lowest amount of offtake price discount and Black Iron equity.

  • ACCESSWIRE

    Black Iron Update on Project Construction Financing

    TORONTO, ON / ACCESSWIRE / December 2, 2019 / Black Iron Inc. ("Black Iron" or the "Company") (BKI.TO)(BKIRF)(BIN.F) management continue to make sound progress arranging the financing for Shymanivske project construction, including the receipt of expressions of interest from European banks and export credit agencies to provide US$250 to 300 million of debt. Construction of phase one to produce four million tonnes per year of 68% iron content pellet feed is estimated to cost US$436 million, as further detailed in Black Iron's most recent Preliminary Economic Assessment. As is typical for financing the development of mining projects, based on discussions with potential investors and financiers, the Company estimates that ~US$175 million (40%) will be equity and the balance ~US$261 million (60%) financed as debt, not including financing charges and working capital.

  • ACCESSWIRE

    Black Iron And Ukrainian Government Agree On Terms For Essential Land Transfer

    TORONTO, CANADA / ACCESSWIRE / November 14, 2019 / Black Iron Inc. ("Black Iron" or the "Company") (BKI.TO)(BKIRF)(BIN.F) management have achieved a MAJOR milestone in its Shymanivske project development by agreeing on terms with Ukraine's Government to acquire a key parcel of land that is being used by Ukraine's Ministry of Defense for location of Black Iron's future processing plant, tailings and waste rock stockpiles. A Memorandum of Understanding (the "MOU") was signed today between Black Iron and Ukraine's Ministry of Defense with support from Ukraine's Prime Minister and Ministry of Economy offices.

  • ACCESSWIRE

    Black Iron Progresses Construction Financing and Receives Strong Support From Ukraine's Prime Minister

    TORONTO, ON / ACCESSWIRE / September 30, 2019 / Black Iron Inc. ("Black Iron" or the "Company") (BKI.TO) reports that senior management met late last week with Ukraine's newly elected Prime Minister and Minister of Economy to discuss the importance of Black Iron's project to Ukraine given the high level of interest from foreign investors to fund construction, large number of new highly skilled jobs that will be created and the substantial investment planned. Both Ministers came to the meeting well briefed on Black Iron, were very pragmatic and stated their strong support plus alignment with other key ministries, including the Ministry of Defence, to implement Black Iron's project. A single point of contact was assigned by the Prime Minister to coordinate Black Iron's Ukraine government support needs including land transfer with all other agencies.

  • GlobeNewswire

    Black Iron Closes First Funding

    Black Iron Inc. (“Black Iron” or the “Company”) (BKI.TO) has closed on the first funding amount of CAD$2,250,000 pursuant to its previously announced convertible security funding agreement (the “Agreement”) with Lind Global Macro Fund LP (“Lind”).

  • Are Insiders Selling Black Iron Inc. (TSE:BKI) Stock?
    Simply Wall St.

    Are Insiders Selling Black Iron Inc. (TSE:BKI) Stock?

    It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

  • ACCESSWIRE

    Black Iron Announces Convertible Security Funding And Provides Land & Construction Funding Update

    TORONTO, ON / ACCESSWIRE / September 18, 2019 / Black Iron Inc. ("Black Iron" or the "Company") (BKI.TO) reports it has executed a convertible security funding agreement (the "Agreement") with Lind Global Macro Fund LP ("Lind") pursuant to which Black Iron may issue to Lind convertible securities in the principal amount of up to CAD$11 million. Under the terms of the Agreement, Lind will make an initial investment of CAD$2.25 million less a commitment fee of CAD$78,750, in exchange for a convertible security (the "First Convertible Security") with a principal amount of CAD$2.7 million (the "Face Value" or "Principal") representing a principal amount of CAD$2.25 million and a pre-paid interest amount of CAD$450,000.

  • ACCESSWIRE

    Black Iron Comments on Recent Share Price and Provides Construction Financing and Land Progress Update

    TORONTO, ON / ACCESSWIRE / August 12, 2019 / Black Iron Inc. (“Black Iron” or the “Company”) (BKI.TO) (BKIRF) (BIN.F) continues to advance the Shymanivske Iron Ore Project (“Shymanivske” or the “Project”) towards construction with management efforts focused on securing funding for construction and land usage rights. The recent drop in share price is potentially attributed to a combination of shares from the April 2019 private placement (the “Private Placement”) becoming free trading and a decline in the global price of iron ore (important to note that the price is still up over 30% since the start of this year). Although Black Iron’s share price has increased since the Private Placement, the Company’s current market capitalization is a fraction of its future potential as shown in the chart below copied from the Company’s Preliminary Economic Assessment.

  • ACCESSWIRE

    Black Iron Announces Filing Of Material Contract

    TORONTO, CANADA / ACCESSWIRE / August 9, 2019 / Black Iron Inc. (“Black Iron” or the “Company”) (BKI.TO) reports that it has filed the independent contractor agreement dated January 1, 2014 between the Company and Forbes & Manhattan, Inc. (the “F&M Agreement”) on SEDAR under the Company’s profile. Pursuant to the F&M Agreement, Forbes & Manhattan, Inc. provides management, business and operational consulting services to the Company. The dissemination of this news release and the filing of the F&M Agreement on SEDAR have been completed in connection with a continuous disclosure review conducted by staff of the Ontario Securities Commission.

  • Black Iron Inc. (TSE:BKI): What Does Its Beta Value Mean For Your Portfolio?
    Simply Wall St.

    Black Iron Inc. (TSE:BKI): What Does Its Beta Value Mean For Your Portfolio?

    Anyone researching Black Iron Inc. (TSE:BKI) might want to consider the historical volatility of the share price...

  • ACCESSWIRE

    Ukraine's President States Strong Support for Black Iron's Development

    TORONTO, ON / ACCESSWIRE / July 3, 2019 / Black Iron Inc. ("Black Iron" or the "Company") (BKI.TO) reports, Ukraine's recently elected President, Volodymyr Zelensky, made several highly supportive statements regarding development of Black Iron's project at an Economic Club of Canada event today after having identified Black Iron as an important project his Government supports at a ministerial event hosted by Canada's Foreign Minister, Chrystia Freeland. In his speech, President Zelensky emphasized that Ukraine is a country rich in many natural resources and that his Government invites international investors to build new mines in the country.

  • ACCESSWIRE

    Black Iron Provides Project Update and Announces AGM Results

    TORONTO, ON / ACCESSWIRE / June 27, 2019 / Black Iron Inc. ("Black Iron" or the "Company") (BKI.TO) reports, recently elected Ukraine President Zelensky along with several Ministers from Ukraine's Government will be in Toronto next week and Black Iron's CEO Matt Simpson is participating in several meetings including a panel at the Ukraine House event on July 3rd being moderated by the Chairman of UkraineInvest. Good progress is being made to secure essential land for Black Iron's Shymanivske project construction with an agreement recently being reached with Ukraine's Ministry of Defence on the co-ordinates for a parcel of land they are willing to turn over to Black Iron subject to preconditions currently being negotiated. The sale price of iron ore is up 45% year to date with 62% iron content product currently selling for ~US$117 per tonne and 65% iron content product for ~US$128 per tonne.

  • GlobeNewswire

    Black Iron Renews Access Agreements for Port and Power & Provides Project Update

    FRANKFURT: BIN), as part of providing reassurance to potential investors regarding project construction, has renewed its letter of intent (“LOI”) with TransInvestServis (“TIS”) for storage and cape-size ship loading capacity of up to 8.0 Mtpa (+/-15%) at TIS’ privately owned berth at Port Yuzhny to match the projected production from the phased build of Black Iron’s Shymanivske Project (the “Project”). Black Iron has also renewed its LOI with DTEK DNIPRO GRIDS JSC (“DTEK”) to secure the electricity power required to operate the mine and processing plant. Availability of world-class electricity supply, deep-water cape-size port and modern heavy gauge rail is essential for the successful production and international trade of high-grade iron ore concentrate.

  • GlobeNewswire

    Black Iron Appoints Cutfield Freeman as International Financial Advisor

    FRANKFURT: BIN), announces that it has appointed Cutfield Freeman & Co Ltd (“Cutfield Freeman”) as its international financial advisor to negotiate and structure funding for construction of its Shymanivske iron ore project (“Shymanivske” or the “Project”). Equity investors are attracted by the large gap in Black Iron’s current market capitalization as compared to its future potential and debt investors appreciate the strong economic returns when using very conservative long-term iron ore prices. “Black Iron selected Cutfield Freeman after a comprehensive process undertaken by the company given their extensive experience in securing construction financing for junior mining companies and global reach,” stated Black Iron’s CEO, Matt Simpson.

  • GlobeNewswire

    Black Iron Renews Letter of Intent for Key Rail Capacity for the Shymanivske Project

    FRANKFURT: BIN) has renewed its Letter of Intent (“LOI”) with Ukraine’s National Railway to provide up to 10 Mtpa of capacity to move product from the railway line located within two kilometers of Black Iron’s Shymanivske Project (“the Project”) to Port Yuzhny, a deep water port in the Black Sea. As Black Iron moves closer to commencing construction of the Project, it is renewing LOIs for all vital infrastructure including rail, power and port capacity. Unlike many other start-up iron ore mines, the Project has ready accessibility to all essential infrastructure needed for its operation.

  • Newsfile

    Black Iron Closes Upsized and Fully Subscribed Final Tranche of Private Placement

    Toronto, Ontario--(Newsfile Corp. - April 5, 2019) - Black Iron Inc. (TSX: BKI) (OTC Pink: BKIRF) (FSE: BIN) ("Black Iron" or the "Company"), an iron ore development project ranked by CRU as the lowest cost undeveloped pellet feed project globally, announces that it has upsized and closed the second and final tranche of its previously announced non-brokered private placement (the "Second Tranche") of units of the Company (the "Offering"). Pursuant to the Second ...