Black Iron Inc. Congratulates U.S. and Ukraine on Landmark Minerals Deal

May 5, 2025 — Black Iron Inc., a mining company specializing in iron ore projects, has expressed its congratulations to the United States and Ukraine on their recent landmark agreement to jointly develop Ukraine’s vast mineral resources. The company, listed on the Toronto Stock Exchange, is poised to play a significant role in this strategic initiative, which aims to accelerate post-war reconstruction and reduce global dependency on hostile-state supply chains.

The agreement between the U.S. and Ukraine marks a pivotal moment for Ukraine, positioning it as a future powerhouse in the critical minerals sector. With potentially trillions of dollars worth of untapped mineral resources, the deal is expected to attract significant Western support and investment.

Black Iron’s Role in the Development

Black Iron Inc. is at the forefront of this development with its highly advanced Shymanivske Iron Ore Project in central Ukraine. The project, which was near construction before the 2022 conflict, has secured financial backing from Anglo American through a royalty investment and offtake agreement. Located in Kryvyi Rih, the project is expected to inject $1.2 billion in development capital and contribute $2.2 billion to Ukraine’s economy.

The Shymanivske project is considered one of the most advanced mining developments in Ukraine since the Soviet era. It aims to create thousands of jobs and establish a development roadmap for future investments under the U.S.-Ukraine Minerals Agreement.

Financial Overview of Black Iron Inc.

  • Sector: Materials
  • Industry: Metals & Mining
  • Primary Exchange: Toronto Stock Exchange
  • Currency: CAD
  • Close Price (2025-05-01): 0.12 CAD
  • 52 Weeks High: 0.23 CAD (2025-02-12)
  • 52 Weeks Low: 0.04 CAD (2024-10-28)
  • Market Cap: 27,900,000 CAD
  • Price Earnings Ratio: -12.56

The successful construction and operation of Black Iron’s project are expected to create a development roadmap for investments under the U.S.-Ukraine Minerals Agreement, further solidifying Ukraine’s position in the global minerals market.

For more information about Black Iron Inc. and its activities, visit their website at www.blackiron.com .