BLACK IRON SIGNS LAND LEASE AGREEMENT WITH KRYVYI RIH CITY

Black Iron Inc. has executed a significant land lease agreement with Kryvyi Rih City, securing multi-year access to surface rights in the strategically important Ukrainian iron ore region. The legally binding nature of this agreement provides the company with operational certainty and establishes a formal framework for its activities in one of the world's major iron ore districts.

Kryvyi Rih is renowned as Ukraine's iron ore capital and represents a critical location for iron ore operations globally. By securing surface rights through this municipal agreement, Black Iron has positioned itself to advance its development objectives in a region with established mining infrastructure and geological potential.

This land lease represents a foundational step in Black Iron's operational strategy, providing the necessary legal framework to proceed with development activities. The multi-year duration of the agreement offers operational stability and demonstrates municipal support for the company's presence in the region.

For the broader iron ore sector, this development highlights continued international interest in Ukrainian mineral assets despite geopolitical challenges. The agreement may signal renewed confidence in the region's mining potential and could influence other companies' strategic decisions regarding Ukrainian iron ore opportunities.