Black Iron Inc. launches private placement to raise up to USD 1.7 million

Black Iron Inc., a company listed on the Toronto Stock Exchange, announced a non-brokered private placement seeking to raise up to US$1.7 million. This financing will consist of the issuance of 23,660,600 units at a price of C$0.10 each, with closing expected around April 20, 2026. Each unit includes one common share and a warrant to purchase one additional share at C$0.20 within 36 months of closing.

The funds raised will be used primarily for administrative expenses and permit renewals for the Shymanivske project in Ukraine. The transaction is contingent upon obtaining the necessary approvals, including approval from the Toronto Stock Exchange, and a minimum subscription of USD 1.2 million. Unit sales will be primarily in Canada, with limited purchase options in the United States and internationally.