Black Iron, Inc. engages in the exploration and development of iron ore. Its project includes Shymanivske, which is located in Ukraine. The company is headquartered in Toronto, Ontario and currently employs 3 full-time employees. The company went IPO on 2011-03-29. The Shymanivske Project is located near the city of Kryvyi Rih, in the Dnepropetrovsk Region of Ukraine near two large producing iron ore mines. The Project is surrounded by five other operating mines, including Metinvest's YuGOK and ArcelorMittal's iron ore complex. The company holds an iron ore mining extraction permit over 2.56 square kilometers (km2) of land. Its subsidiary is Black Iron (Cyprus) Limited.