Thelon Purchases Clear Fork Mining Co., Jellico Coal Project
Thelon Capital Ltd. (TSE:THC) announced that it has acquired the Jellico Coal Project, through its’ purchase of Clear Fork Mining Co.
Thelon Capital Ltd. (TSXV:THC) announced that it has acquired the Jellico Coal Project, through its’ purchase of Clear Fork Mining Co.
The press release is quoted as saying:
The Jellico Coal Project consists of 6350 acres of fee simple land in the Cambell and Claiborne counties in the State of Tennessee. On March 1st 2006 Mountainside Mining Co. of Kentucky entered into a lease agreement with Clear Fork to permit and mine 640 acres of the Jellico Project. Mountainside Mining is a private contract miner. During the fiscal year of 2010 they have mined 185,600 tons of Compliant Coal resulting in royalty payments to Clear Fork of approximately $1.1 million. Production increased throughout the year and Mountainside Mining Co. expects to further increase production in 2011 as well as add additional tons under permit. There are approximately 3 million tons of Coal under permit with an expected mine life of 8 years.
Jason Walsh, President of the Company, said:
The purchase of the Jellico project and its production is an important milestone for Thelon, as we build the company into a premier producer in the coal industry. We look forward to a long working relationship with this talented and experienced team.
Click here to access the full release
Click here to access Thelon Capital’s company profile
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1766.15 | +0.14 | |
Silver | 20.36 | +0.03 | |
Copper | 3.59 | +0.12 | |
Palladium | 2134.00 | +13.00 | |
Platinum | 900.50 | +2.51 | |
Oil | 98.30 | +1.88 | |
Heating Oil | 3.53 | -0.08 | |
Natural Gas | 8.29 | +0.15 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured Industrial Metals Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.