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Black Iron Appoints New Chief Financial Officer

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Black Iron Inc (TSX:BKI) has announced the appointment of Stephen Woodhead as its new Chief Financial Officer, effective immediately. Woodhead brings over 30 years of experience in the resource sector and is a member of the South African Institute of Chartered Accountants.

Woodhead's extensive career includes roles as CFO/VP Finance at several mining companies, including Desert Sun Mining, Homeland Energy, Crocodile Gold, Trigon Metals, and Gratomic. His experience spans across various mining operations including gold, coal, copper, and graphite projects in multiple countries.

He replaces Paul Bozoki, who has resigned from his position as CFO. The company's CEO, Matt Simpson, expressed gratitude for Bozoki's contributions and welcomed Woodhead, highlighting the value of his international experience to the team.

Black Iron Inc (TSX:BKI) ha annunciato la nomina di Stephen Woodhead come nuovo Direttore Finanziario, con effetto immediato. Woodhead porta con sé oltre 30 anni di esperienza nel settore delle risorse ed è membro dell'Istituto Sudafricano dei Contabili Professionisti.

La carriera di Woodhead è caratterizzata da ruoli come CFO/VP Finanza in diverse aziende minerarie, tra cui Desert Sun Mining, Homeland Energy, Crocodile Gold, Trigon Metals e Gratomic. La sua esperienza copre varie operazioni minerarie, inclusi progetti di oro, carbone, rame e grafite in diversi paesi.

Sostituisce Paul Bozoki, che si è dimesso dalla sua posizione di CFO. L'amministratore delegato dell'azienda, Matt Simpson, ha espresso gratitudine per i contributi di Bozoki e ha dato il benvenuto a Woodhead, sottolineando il valore della sua esperienza internazionale per il team.

Black Iron Inc (TSX:BKI) ha anunciado el nombramiento de Stephen Woodhead como su nuevo Director Financiero, con efecto inmediato. Woodhead aporta más de 30 años de experiencia en el sector de recursos y es miembro del Instituto Sudafricano de Contadores Públicos.

La extensa carrera de Woodhead incluye roles como CFO/VP de Finanzas en varias empresas mineras, incluidas Desert Sun Mining, Homeland Energy, Crocodile Gold, Trigon Metals y Gratomic. Su experiencia abarca diversas operaciones mineras, incluidos proyectos de oro, carbón, cobre y grafito en múltiples países.

Sustituye a Paul Bozoki, quien ha renunciado a su puesto como CFO. El CEO de la empresa, Matt Simpson, expresó su gratitud por las contribuciones de Bozoki y dio la bienvenida a Woodhead, destacando el valor de su experiencia internacional para el equipo.

블랙 아이언 주식회사 (TSX:BKI)는 스티븐 우드헤드를 새로운 최고재무책임자(CFO)로 즉시 임명했다고 발표했습니다. 우드헤드는 자원 분야에서 30년 이상의 경험을 가지고 있으며, 남아프리카 공인회계사협회 회원입니다.

우드헤드의 광범위한 경력에는 Desert Sun Mining, Homeland Energy, Crocodile Gold, Trigon Metals 및 Gratomic과 같은 여러 광산 회사에서 CFO/재무 부사장 역할이 포함됩니다. 그의 경험은 여러 국가에서 금, 석탄, 구리 및 흑연 프로젝트를 포함한 다양한 광산 작업에 걸쳐 있습니다.

그는 CFO로서의 직위를 사임한 폴 보조키를 대체합니다. 회사의 CEO인 맷 심슨은 보조키의 기여에 감사의 뜻을 표하고 우드헤드를 환영하며, 그의 국제 경험이 팀에 미치는 가치를 강조했습니다.

Black Iron Inc (TSX:BKI) a annoncé la nomination de Stephen Woodhead en tant que nouveau directeur financier, avec effet immédiat. Woodhead apporte plus de 30 ans d'expérience dans le secteur des ressources et est membre de l'Institut Sud-Africain des Comptables Agréés.

La carrière étendue de Woodhead comprend des postes de CFO/VP Finances dans plusieurs sociétés minières, notamment Desert Sun Mining, Homeland Energy, Crocodile Gold, Trigon Metals et Gratomic. Son expérience couvre diverses opérations minières, y compris des projets d'or, de charbon, de cuivre et de graphite dans plusieurs pays.

Il remplace Paul Bozoki, qui a démissionné de son poste de CFO. Le PDG de l'entreprise, Matt Simpson, a exprimé sa gratitude pour les contributions de Bozoki et a souhaité la bienvenue à Woodhead, soulignant la valeur de son expérience internationale pour l'équipe.

Black Iron Inc (TSX:BKI) hat die Ernennung von Stephen Woodhead zum neuen Finanzvorstand mit sofortiger Wirkung bekannt gegeben. Woodhead bringt über 30 Jahre Erfahrung im Rohstoffsektor mit und ist Mitglied des südafrikanischen Instituts der Wirtschaftsprüfer.

Woodheads umfangreiche Karriere umfasst Positionen als CFO/VP Finanzen in mehreren Bergbauunternehmen, darunter Desert Sun Mining, Homeland Energy, Crocodile Gold, Trigon Metals und Gratomic. Seine Erfahrung erstreckt sich über verschiedene Bergbauoperationen, einschließlich Gold-, Kohle-, Kupfer- und Graphitprojekten in mehreren Ländern.

Er ersetzt Paul Bozoki, der von seiner Position als CFO zurückgetreten ist. Der CEO des Unternehmens, Matt Simpson, drückte seine Dankbarkeit für Bozokis Beiträge aus und begrüßte Woodhead, wobei er den Wert seiner internationalen Erfahrung für das Team hervorhob.

Positive
  • Appointment of highly experienced CFO with 30+ years in resource sector
  • New CFO brings diverse international mining experience across multiple commodities
  • New CFO has track record with successful mining companies including those that reached production
Negative
  • Departure of experienced CFO Paul Bozoki who had significant company knowledge
  • Potential transition period as new CFO adapts to role

TORONTO, ON / ACCESS Newswire / April 1, 2025 / Black Iron Inc. ("Black Iron" or the "Company") (TSX:BKI) is please to announce the appointment of Stephen Woodhead as Chief Financial Officer of the Company, effective immediately.

Mr. Woodhead is a graduate of the University of Cape Town and a member of the South African Institute of Chartered Accountants. Mr. Woodhead has over 30 years of experience in the resource sector, having worked for Trans Hex Group, a South African diamond producer, before relocating to Canada in 1997 as Chief Financial Officer of Trans Hex International. Mr. Woodhead is a director of Lipari Mining, and has worked as Chief Financial Officer / VP Finance with various public companies, including Desert Sun Mining, from 2003 until it was acquired by Yamana Gold in 2006, developer and operator of the Jacobina gold mine in Brazil, Homeland Energy (developer of a coal mine in South Africa), Crocodile Gold (developer, operator and acquiror of gold mines in Australia), Trigon Metals (developer of a copper mine in Namibia), and Gratomic (focused on graphite exploration and development in Namibia and Brazil). Mr. Woodhead also served as a director of Apogee Minerals (silver) and Vaaldiam Mining (diamonds).

Mr. Woodhead's appointment follows the resignation of Paul Bozoki as the former Chief Financial Officer of the Company. The Company's management and board of directors thank Paul for his years of dedication to the Company, and wishes him the best in his future endeavours. Matt Simpson, Chief Executive Officer of the Company, commented, "it has been a real pleasure working with Paul, as in addition to being a highly competent CFO, he took on a number of important tasks outside of his core role with strong leadership and follow-through, plus shared extensive experience in land-transfer related matters. On behalf of the Board and myself, we welcome Stephen Woodhead to our team and look forward to leveraging his international experience."

About Black Iron

Black Iron is an iron ore exploration and development company, advancing its 100% owned Shymanivske Iron Ore Project located in Kryviy Rih, Ukraine. Full mineral resource details and projected project economics can be found in the NI 43-101 technical report entitled "(Amended) Preliminary Economic Assessment of the Re-scoped Shymanivske Iron Ore Deposit" published in March 2020 with an effective date of November 21, 2017 under the Company's profile on SEDAR at www.sedar.com. The Project is surrounded by five other operating mines, including Metinvest's YuGOK and ArcelorMittal's iron ore complex. Please visit the Company's website at www.blackiron.com for more information

For more information, please contact:

Matt Simpson
Chief Executive Officer
Black Iron Inc.
info@blackiron.com

Forward-Looking Information

This press release contains forward-looking information. Forward-looking information is based on what management believes to be reasonable assumptions, opinions and estimates of the date such statements are made based on information available to them at that time. Forward-looking information may include, but is not limited to, statements with respect to the appointment of officers. Generally, forward looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the war in Ukraine; general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; other risks of the mining industry and the risks described in the annual information form of the Company. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. The Company notes that mineral resources are not mineral reserves and do not have demonstrated economic viability.

SOURCE: Black Iron



View the original press release on ACCESS Newswire

FAQ

Who is the new CFO of Black Iron (BKIRF) and when does the appointment take effect?

Stephen Woodhead has been appointed as the new CFO of Black Iron, effective immediately as of April 1, 2025.

What is Stephen Woodhead's professional background and experience in the mining sector?

Woodhead has over 30 years of resource sector experience, is a chartered accountant, and has served as CFO for various mining companies including Desert Sun Mining, Homeland Energy, and Crocodile Gold.

Which notable mining companies has Black Iron's new CFO previously worked with?

He worked with Trans Hex Group, Desert Sun Mining, Homeland Energy, Crocodile Gold, Trigon Metals, and Gratomic, dealing with various commodities including diamonds, gold, coal, copper, and graphite.

Who did Stephen Woodhead replace as CFO at Black Iron (BKIRF)?

Woodhead replaced Paul Bozoki, who resigned from his position as CFO of Black Iron.
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