Black Iron Inc. (T:BKI)
Business Focus: Iron Ore Mining
| Sector: Basic Materials | Industry: Iron & Steel |
| Company Contact | |
| Address: | 198 Davenport Road TORONTO ON M5R 1J2 |
| Tel: | N/A |
| Website: | https://blackiron.com |
| IR: | See website |
| Key People | ||
| Matthew Simpson Chief Executive Officer, Director | Paul Bozoki Chief Financial Officer | Kenny Choi Corporate Secretary |
| Business Overview |
| Black Iron Inc. is a Canada-based iron ore exploration and development company, advancing its 100% owned Shymanivske Iron Ore Project located in Kryviy Rih, Ukraine. The Shymanivske project is surrounded by five operating iron ore mines, including various owned by Metinvest and ArcelorMittal's iron ore complex. The Property is situated in the Kryvyi Rih iron ore basin, located in the Dnepropetrovsk region of Ukraine (Central Ukraine). The Company holds an interest in a mining permit that covers an area of approximately 2.56 square kilometers and comprises the Shymanivske project. The project is located in proximity of infrastructure, including rail, power, water and ports. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Black Iron Inc revenues was not reported. Net loss decreased 54% to $1.6M. Lower net loss reflects Exploration and evaluation expenses decrease of 78% to $468K (expense), Share-based compensation decrease of 55% to $102K (expense), Consulting and management fees decrease of 6% to $709K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.01. |
| Employees: | 6 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $13.66M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.19M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.16M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$1.66M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 304,126,688 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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