Update pls. Last news up date by TD was 3 weeks ago.
Trying to read into this, " several offers." Can you tell us how many companies? Was it a one time tender?
TORONTO, ON / ACCESSWIRE / March 25, 2021 / Black Iron Inc. ("Black Iron" or the "Company") (TSX:BKI)(OTC PINK:BKIRF)(FWB:BIN) is pleased to announce that it recently received several offers from well-known multibillion dollar companies interested in securing rights to purchase the planned initial four (4) million tonnes per annum of production from Black Iron's Shymanivske iron ore project ("the Project") at a slight discount to market price in exchange for making a significant investment towards project construction.
Matt Simpson, Black Iron's CEO, commented "it is exciting to see such strong interest from so many multi-billion companies interested to invest in the construction of Black Iron's Project in exchange for securing offtake rights. The bids received are in line with my expectations from this process and are reflective of the Project's strong economic return potential plus market shift to prefer high iron content ores that substantially reduce emissions in producing steel."