on Black Iron (isin : CA09214V1040)
Black Iron Secures Land Lease for Kryvyi Rih Project
Black Iron Inc. has signed a significant land lease agreement with Kryvyi Rih City, covering 248 hectares crucial for its Shymanivske Iron Ore Project. This plot is essential for ongoing technical and environmental studies aimed at renewing mining permits. The lease encompasses the anticipated mining pit and extends towards Ukrainian Ministry of Defense land, which could host future processing facilities.
Negotiations are ongoing to acquire additional city-owned land to support the project's development. The area covered by the lease is vital, as it forms a notable portion of the future mining activities. The company aspires to integrate Ministry land for tailings and stockpile management.
R. H.
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