Black Iron Inc. has retained Wood PLC to complete an updated Feasibility Study for its Shymanivske Iron Ore Project in Ukraine. The study aims to refine the mine-to-port flowsheet and cost estimates to support project financing.
Black Iron Inc. announced the results of its 2021 Annual and Special Meeting of Shareholders, confirming the election of its directors and approval of various shareholder plans. The release also provides a summary of the Shymanivske project's historical mineral resource estimates.
Black Iron Inc. highlights the environmental benefits of its high-grade 68% iron magnetite ore for green steel production. The company restates its Shymanivske project mineral resource, which includes 646 Mt of Measured and Indicated resources and 188 Mt of Inferred resources.
