Black Iron annonce un placement privé d’unités pour un produit brut pouvant atteindre 1,7 million de dollars américains

Black Iron Inc. has announced a non-brokered private placement offering of up to 23,660,600 units at $0.10 CAD per unit, targeting gross proceeds of approximately $1.7 million USD ($2.37 million CAD). The financing is subject to a minimum raise of $1.2 million USD and is expected to close on or around April 20, 2026, pending regulatory approvals including TSX consent.

Each unit consists of one common share and one warrant exercisable at $0.20 CAD for 36 months beginning 60 days after closing. The company may pay finder's fees of up to 6% in cash and broker warrants to eligible intermediaries. The securities will be offered under the listed issuer financing exemption across Canadian provinces and territories, with potential sales in other jurisdictions under applicable exemptions.

The net proceeds will be allocated toward current project and administrative expenses, including permit renewals for the Shymanivske iron ore project, as well as general corporate purposes and working capital. This financing represents a critical funding milestone for Black Iron as it continues advancing its wholly-owned Shymanivske iron ore project located in Kryvyï Rih, Ukraine.

The Shymanivske project is strategically positioned within an established iron ore district, surrounded by five operating mines including Metinvest's YuGOK and ArcelorMittal's iron ore complex. The project's economics and mineral resources are detailed in a March 2020 NI 43-101 technical report. This financing provides Black Iron with the necessary capital to maintain project momentum while navigating the operational challenges in Ukraine and positioning for future development opportunities in the global iron ore sector.