Black Iron Signs Land Lease Agreement With Kryvyi Rih City
Black Iron (TSX:BKI, OTC:BKIRF) has signed a significant multi-year land lease agreement with Kryvyi Rih City for 248 hectares of land where its Shymanivske iron ore body is located. This lease is important for completing ongoing environmental and engineering studies required for the renewal of Special Permit No. 4537.
The leased area covers a substantial portion of the planned future mining pit and extends westward toward Ukraine central government-owned land, currently used by the Ministry of Defence as a training firing range. The company plans to acquire or lease part of this government land for its future processing plant, tailings, and waste rock stockpiles. Additional city-owned land will need to be leased to cover the remaining planned open pit area, with discussions already initiated.
Black Iron (TSX:BKI, OTC:BKIRF) ha firmato un importante contratto di locazione pluriennale con Kryvyi Rih City per 248 ettari di terreno dove si trova il suo corpo minerario di ferro Shymanivske. Questo contratto di locazione è fondamentale per completare gli studi ambientali e ingegneristici in corso necessari per il rinnovo del Permesso Speciale N. 4537.
L'area affittata copre una porzione significativa della futura cava mineraria pianificata ed si estende verso ovest verso terreni di proprietà del governo centrale dell'Ucraina, attualmente utilizzati dal Ministero della Difesa come poligono di tiro per addestramento. L'azienda prevede di acquisire o affittare parte di questi terreni governativi per il suo futuro impianto di lavorazione, pile di scorie e di rocce di scarto. Ulteriore terreno di proprietà della città dovrà essere affittato per coprire l'area rimanente della cava a cielo aperto pianificata, con discussioni già avviate.
Black Iron (TSX:BKI, OTC:BKIRF) ha firmado un importante acuerdo de arrendamiento de tierras a largo plazo con Kryvyi Rih City por 248 hectáreas de terreno donde se encuentra su cuerpo de mineral de hierro Shymanivske. Este arrendamiento es crucial para completar los estudios ambientales e ingenieriles necesarios para la renovación del Permiso Especial N.º 4537.
El área arrendada cubre una parte sustancial de la futura mina planeada y se extiende hacia el oeste hacia tierras que son propiedad del gobierno central de Ucrania, actualmente utilizadas por el Ministerio de Defensa como campo de tiro para entrenamiento. La empresa planea adquirir o arrendar parte de estas tierras gubernamentales para su futura planta de procesamiento, pilas de colas y escombros. También será necesario arrendar terrenos adicionales de la ciudad para cubrir el área restante del tajo a cielo abierto planificado, con discusiones ya iniciadas.
블랙 아이언 (TSX:BKI, OTC:BKIRF)은 크리비이 리흐 시와 248 헥타르의 땅에 대한 중요한 다년간 임대 계약을 체결했습니다. 이 땅은 샤이마늬브스크 철광석 체체가 위치한 곳입니다. 이 임대는 특별 허가 번호 4537의 갱신에 필요한 환경 및 엔지니어링 연구를 완료하는 데 중요합니다.
임대 구역은 계획된 미래 채굴 구덩이의 상당 부분을 포함하고 있으며, 현재 국방부가 훈련 사격장으로 사용하는 우크라이나 중앙 정부 소유의 땅을 향해 서쪽으로 확장됩니다. 회사는 미래 가공 공장, 폐기물 및 폐석 더미를 위해 이 정부 소유의 땅의 일부를 인수하거나 임대할 계획입니다. 나머지 계획된 개방 채굴 구역을 덮기 위해 추가로 도시 소유의 땅도 임대해야 하며, 이에 대한 논의는 이미 시작되었습니다.
Black Iron (TSX:BKI, OTC:BKIRF) a signé un contrat de location de terrain pluriannuel important avec Kryvyi Rih City pour 248 hectares de terrain sur lequel se trouve le corps minier de fer Shymanivske. Ce bail est crucial pour compléter les études environnementales et d'ingénierie en cours nécessaires au renouvellement du Permis Spécial N° 4537.
La zone louée couvre une partie substantielle de la future carrière minière prévue et s'étend vers l'ouest vers des terres appartenant au gouvernement central ukrainien, actuellement utilisées par le Ministère de la Défense comme champ de tir d'entraînement. L'entreprise prévoit d'acquérir ou de louer une partie de ces terres gouvernementales pour son futur usine de traitement, ses tas de résidus et de roches de rebut. Il sera également nécessaire de louer des terrains supplémentaires appartenant à la ville pour couvrir la zone restante de la carrière à ciel ouvert prévue, des discussions ayant déjà été initiées.
Black Iron (TSX:BKI, OTC:BKIRF) hat einen bedeutenden mehrjährigen Pachtvertrag mit Kryvyi Rih City über 248 Hektar Land unterzeichnet, auf dem sich der Shymanivske-Eisenlagerkörper befindet. Dieser Pachtvertrag ist wichtig für den Abschluss laufender Umwelt- und Ingenieurstudien, die für die Erneuerung des Sondergenehmigung Nr. 4537 erforderlich sind.
Die gepachtete Fläche umfasst einen erheblichen Teil der geplanten zukünftigen Abbaugrube und erstreckt sich nach Westen in Richtung landeseigener Ländereien der ukrainischen Zentralregierung, die derzeit vom Verteidigungsministerium als Schießstand für Übungen genutzt werden. Das Unternehmen plant, einen Teil dieses staatlichen Landes für sein zukünftiges Verarbeitungswerk, Halden und Abraumlager zu erwerben oder zu pachten. Zusätzlich wird städtisches Eigentum gepachtet werden müssen, um den restlichen geplanten Bereich der Tagebaugrube abzudecken, mit bereits begonnenen Verhandlungen.
- Secured critical 248ha land lease essential for mining operations
- Progress toward Special Permit No. 4537 renewal requirements
- Initiated discussions for additional land acquisition
- Additional land leases still required for complete project development
- Pending acquisition of Ministry of Defence land for processing facilities
Lease covers 248ha of Kryvyi Rih City owned land upon which a large portion of Black Iron's Shymanivske Iron Ore body is located
Land leased extends beyond envisaged iron ore pit boundaries close to Ministry of Defence land sought for future processing plant, tailings and waste rock stock piles
Lease of this land is essential for completing the technical and environmental studies required as part of mining permit renewal
TORONTO, ON / ACCESS Newswire / January 28, 2025 / Black Iron Inc. ("Black Iron" or the "Company") (TSX:BKI)(OTC PINK:BKIRF)(FWB:BIN) is pleased to announce the signing of a legally binding multi-year land lease with the Kryvyi Rih City who own the surface rights upon which Black Iron's Shymanivske iron ore body is located (the "Land Lease"). The Land Lease covers 248ha of land critical for completion of currently ongoing Ukraine based environmental and engineering studies required as part of Special Permit No. 4537 renewal ("Special Permit"). Additional Kryvyi Rih City owned land will be required to be leased to cover the balance of the envisaged future open pit and discussions to transfer and lease this land have commenced.
The Land Lease covers a large portion of the future mining pit, and it extends west beyond the pit limits to the Ukraine central government-owned land currently being used by its Ministry of Defense as a firing range for training. Black Iron aspires to acquire or lease a portion of this central government land for the location of its future processing plant, tailings and waste rock stockpiles.
About Black Iron
Black Iron is an iron ore exploration and development company, advancing its
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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 Land Lease, acquisition or lease of additional property, the permitting of the Shymanivske Iron Ore Project and grade and use of iron ore from the Shymanivske Iron Ore Project. 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: general business, economic, competitive, geopolitical and social uncertainties; progress of the Company's service providers; negotiations with third parties; 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
How many hectares of land did Black Iron (BKIRF) lease in Kryvyi Rih?
What is the purpose of Black Iron's (BKIRF) January 2025 land lease agreement?
What additional land does Black Iron (BKIRF) need to acquire in Kryvyi Rih?
What is the current status of Black Iron's (BKIRF) Special Permit No. 4537?
