Aankondiging • Apr 17
Black Iron Inc., Annual General Meeting, Jun 11, 2026 Black Iron Inc., Annual General Meeting, Jun 11, 2026. Aankondiging • Apr 07
Black Iron Inc. announced that it expects to receive CAD 2.36606 million in funding Black Iron Inc. announced a non-brokered private placement to issue 23,660,600 units at a price of CAD 0.10 per Unit for gross proceeds of CAD 2,366,060 on April 6, 2026. It is anticipated that the closing of the Offering will occur on or about April 20, 2026, or such other date or dates as the Company may determine. The Units issued to subscribers in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. Each Unit will consist of one common share and one common share purchase warrant.. Each Warrant will entitle the holder to purchase one common share of the Company at a price of CAD 0.20 per common share for a period of 36 months following the Closing Date. The completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the Toronto Stock Exchange, and closing for minimum gross proceeds of approximately $1,200,000 (CAD 1,670,160). Finder's fees may be paid to eligible finders in accordance with the policies of the Toronto Stock Exchange, which may consist of a cash payment of up to 6.0% of the aggregate gross proceeds of the Units sold to investors introduced by such finders and (ii) non-transferable broker warrants equal to 6.0% of the aggregate number of Units issued by the Company to investors introduced by such finders (each, a "Broker Warrant"). Each Broker Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of CAD 0.20 for a period of 36 months from the Closing Date, subject to acceleration in certain circumstances. New Risk • Apr 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$2.0m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-US$2.0m). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$27.4m market cap, or US$19.2m). Aankondiging • Apr 02
Black Iron Inc., Annual General Meeting, Jun 13, 2025 Black Iron Inc., Annual General Meeting, Jun 13, 2025. New Risk • Aug 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.3m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-US$767k). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$9.97m). New Risk • Jun 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.3m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-US$441k). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.2m market cap, or US$11.1m). Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. Independent Director Zenon Potoczny was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Apr 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.94m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.2m free cash flow). Negative equity (-US$154k). Earnings have declined by 0.9% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$9.94m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Apr 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.2m free cash flow). Negative equity (-US$154k). Earnings have declined by 0.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$16.7m market cap, or US$12.1m). New Risk • Mar 08
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$154k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.2m free cash flow). Negative equity (-US$154k). Earnings have declined by 0.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.2m market cap, or US$11.3m). New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.2m free cash flow). Earnings have declined by 6.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$15.2m market cap, or US$11.1m). New Risk • Nov 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.2m free cash flow). Earnings have declined by 6.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$15.2m market cap, or US$11.1m). Recent Insider Transactions • May 22
Insider recently bought CA$90k worth of stock On the 19th of May, William Richards bought around 1m shares on-market at roughly CA$0.09 per share. In the last 3 months, they made an even bigger purchase worth CA$186k. Insiders have collectively bought CA$750k more in shares than they have sold in the last 12 months. Price Target Changed • Apr 27
Price target increased to CA$1.65 Up from CA$0.35, the current price target is provided by 1 analyst. New target price is 1,335% above last closing price of CA$0.12. Stock is down 81% over the past year. The company posted a net loss per share of US$0.021 last year. Recent Insider Transactions • Mar 04
Insider recently bought CA$186k worth of stock On the 1st of March, William Richards bought around 2m shares on-market at roughly CA$0.12 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$686k more in shares than they have sold in the last 12 months. Aankondiging • Feb 24
Black Iron Continues to Progress Project Development in Central Ukraine Black Iron Inc. management want to reassure investors that the Company is continuing development of its Shymanivske Iron Ore Project (the "Project") located in Central Ukraine on the west side of the Dnieper River while carefully monitoring Russia's incursion into Eastern Ukraine. The adjacent iron ore mines to the Project continue to operate without interruption and employees are going to work to as usual. The Company intends to provide updates regarding product offtake and the economics of an updated feasibility study for the Project (the "Updated Feasibility Study") in the near future. Additionally, the Company anticipates filing the Updated Feasibility Study within thirty days of the feasibility study economics being released. Legislation regarding the criteria that needs to be met to qualify for Ukraine's new investment support law is currently being adopted upon which Black Iron plans to submit its application. This investment support agreement has the potential to eliminate the need for Black Iron to pay import duties and VAT (value added tax) on equipment required for Project construction and include support for government land transfer. To apply for this government support, a comprehensive study was prepared covering several aspects of the Project such as anticipated employment, tax payments, technical design, social impacts and benefits. Progressive discussions on government land transfer have also occurred with Ukraine's new Minister of Defence and one of the Deputy Ministers of Defence who are both supportive for this to occur in exchange for a compensation package. Finally, field baseline work remains ongoing as required to complete an Environmental and Social Impact Assessment ("EISA"). The EISA along with the Updated Feasibility Study are key inputs for the royalty provider and banks providing debt to conduct their due diligence for funding of Project construction. Breakeven Date Change • Jan 01
Forecast to breakeven in 2024 The analyst covering Black Iron expects the company to break even for the first time. New forecast suggests the company will make a profit of US$94.2m in 2024. Average annual earnings growth of 81% is required to achieve expected profit on schedule. Recent Insider Transactions • Oct 03
Insider recently bought CA$410k worth of stock On the 27th of September, William Richards bought around 1m shares on-market at roughly CA$0.40 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Mar 10
Black Iron Initiates Environmental Impact Assessment Black Iron Inc. announced the engagement of Environmental Resources Management ("ERM") to conduct an environmental and social impact assessment ("ESIA") on its Shymanivske iron ore project (the "Project"). The ESIA is a very important process used to identify likely environmental and social impacts of a project at the design stage to recommend ways to reduce adverse impacts and achieve environmental and social benefits in an economical manner. Completion of an ESIA is a critical path item for Black Iron to secure the necessary permits for Project construction. As outlined in Black Iron's 2021 plan to advance the Project to a fully funded and permitted state, commencement of the ESIA was originally scheduled for April 2021. However, given the importance of this work for Project permitting and as a key input for banks in their due diligence to provide debt financing, Black Iron management have decided to advance starting the ESIA by just over one month to pick up some time on the development schedule. ERM were selected to lead this ESIA based on their highly regarded global reputation of expertise in this field that includes several successful projects also conducted in Ukraine. ERM's personnel have extensive knowledge of the IFC (International Finance Corporation) Performance Standards and EHS (Environment, Health & Safety) guidelines which are often required to be followed by major global lenders including those to Black Iron. ERM has over 140 offices globally with this work being led out of their Romania office. Is New 90 Day High Low • Mar 02
New 90-day high: CA$0.44 The company is up 167% from its price of CA$0.17 on 01 December 2020. The Canadian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 1.0% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: CA$0.38 The company is up 226% from its price of CA$0.12 on 20 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 4.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: CA$0.24 The company is up 100% from its price of CA$0.12 on 11 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 10.0% over the same period.