QualityStocksNewsBreaks – Black Iron Inc. (TSX: BKI) (OTC: BKIRF) (GR: BIN) Renews LOI Securing Key Rail Capacity for Shymanivske Project
Canadian iron ore exploration and development company Black Iron (TSX: BKI) (OTC: BKIRF) (GR: BIN) this morning announced its renewal of a Letter of Intent (“LOI”) with Ukraine’s National Railway. Under the agreement, the railway will provide up to 10 Mtpa of capacity to move product from the line located within two kilometers of Black Iron’s Shymanivske Project to Port Yuzhny, a deep water port in the Black Sea. Per the update, unlike many other start-up iron ore mines, the Shymanivske Project has ready accessibility to all essential infrastructure needed for its operation, and Black Iron is renewing vital LOIs…