Black Iron Signs Binding Documentation with Anglo American for a Royalty Investment with Associated Offtake and Right to Participate in Construction Funding
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Black Iron has signed a binding agreement with Anglo American for a $4 million royalty investment, securing offtake rights for 2.4 million tonnes per year from the Shymanivske Iron Ore Project. Anglo American also has rights to participate in construction funding.
November 07, 2024 | 12:15 pm
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Black Iron has secured a $4 million royalty investment from Anglo American, strengthening its balance sheet and securing offtake rights for its Shymanivske Iron Ore Project.
The $4 million investment from Anglo American provides Black Iron with financial support and secures offtake rights, which is crucial for the development of the Shymanivske Iron Ore Project. This partnership is likely to positively impact Black Iron's stock price in the short term.
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