Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Secures Investment for Shymanivske Iron Ore Project Construction
Black Iron and Glencore signed a memorandum of understanding for the purpose of securing funds for construction of the Shymanivske Iron Ore Project The project’s favorable characteristics have helped generate interest from various other international investors The Shymanivske Iron Ore Project will produce premium iron ore concentrate, which is set to continue growing in price over the next years as demand for steel also increases A partnership between Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) and a subsidiary of Glencore plc (OTC: GLCNF) (OTC: GLNCY) is anticipated to provide a material amount of the funding needed for the…