“We believe that Ukraine will remain independent as the clouds of war clear,” said Philip Richards, RAB Capital’s majority shareholder. “There is a new impetus to Ukraine joining the European Union on a fast track, which is a direct result of massive public support for Ukraine in this war…Our project will benefit greatly in my view from E.U.’s financing initiatives.”
In an interview with The Northern Miner, Black Iron’s CEO Matt Simpson described the move as a “very big endorsement of support” from the company’s largest shareholder.
The progress of a number of mining projects owned by major companies like Nutrien (TSX: NTR, NYSE: NTR), the world’s largest potash miner, and Kinross Gold (TSX: K; NYSE: KGC) are expected to halt or slow down due to Russia’s ongoing invasion of Ukraine, analysts say.
Simpson said that the invasion has had a “major impact” on the company and that it had stopped…
