Clinch Resources Completes Debt Settlement
Clinch Resources Completes Debt Settlement
Knoxville, Tennessee--(Newsfile Corp. - July 15, 2026) - Clinch Resources Ltd. (TSX: CLCH)
("Clinch" or the "Company"), a metallurgical coal producer with mining assets in West Virginia, today
announced that it has completed a debt settlement transaction (the "Debt Settlement") pursuant to
which the Company issued an aggregate of 1,565,954 common shares of the Company ("Common
Shares") at a price of C$1.25 per Common Share in settlement of US$1,409,359 of interest owed by
Active Resources, Inc. ("Active Resources"), a subsidiary of the Company, on certain indebtedness
that was previously repaid. The Debt Settlement was completed with certain arm's length third parties
(collectively, the "Creditors") pursuant to the terms of debt settlement agreements entered into
among the Company, Active Resources and the Creditors.
The Common Shares issued pursuant to the Debt Settlement are subject to a statutory hold period of
four months and one day from the date of issuance in accordance with applicable Canadian securities
laws, as well as other restrictions applicable to Creditors located in or subject to the laws of the
United States. The listing of the Common Shares issued pursuant to the Debt Settlement remains
subject to the final approval of the Toronto Stock Exchange (the "TSX").
About Clinch Resources Ltd.
Clinch Resources Ltd. is a Tennessee-based metallurgical mining company with its corporate office
located in Knoxville, Tennessee and operations in West Virginia. The Company will supply high-
quality coking coal to steel-based manufacturing facilities both domestically and seaborn for critical
global infrastructure. Clinch is currently opening its first two mines.
Cautionary Statements Regarding Forward-Looking Information
This news release contains certain "forward-looking information" within the meaning of applicable
Canadian securities legislation. Such forward-looking information and forward-looking statements
(collectively referred to hereinafter as, "forward-looking information") are not representative of
historical facts or information or current conditions, but instead represent only the beliefs of the
management of the Company regarding future events, plans or objectives, many of which, by their
nature, are inherently uncertain and outside of the control of the Company. Generally, such forward-
looking information can be identified by the use of forward-looking terminology such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases
or may contain statements that certain actions, events or results "may", "could", "would", "might" or
"will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information
contained herein may include, but are not limited to, information concerning the final acceptance of
the TSX in respect of the listing of the Common Shares, the supply of high-quality coking coal to
steel-based manufacturing facilities for critical global infrastructure, and the development of the
Company's mining projects and path to coal production.
By identifying such information and statements in this manner, the Company is alerting the reader
that such information and statements are subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such information and
statements. In addition, in connection with the forward-looking information contained in this news
release, the Company has made certain assumptions. Among the key factors that could cause actual
results to differ materially from those projected in the forward-looking information are the following: (i)
changes in general economic, business and political conditions, including changes in the financial
markets; (ii) changes in applicable laws; (iii) difficulty or inability in complying with extensive
government regulation; and (iv) those other risk factors more generally set out in the annual
information form available under the Company's profile on SEDAR+ at www.sedarplus.ca. Should one
or more of these risks, uncertainties or other factors materialize, or should assumptions underlying
the forward-looking information prove incorrect, actual results may vary materially from those
described herein as intended, planned, anticipated, believed, estimated or expected.
Although management of the Company believes that the assumptions and factors used in preparing,
and the expectations contained in, the forward-looking information are reasonable, undue reliance
should not be placed on such information and statements, and no assurance or guarantee can be
given that such forward-looking information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such information and statements. The forward-
looking information contained in this news release is made as of the date of this news release, and
the Company does not undertake to update any forward-looking information contained or referenced
herein, except as required by applicable securities laws.
For more information:
Clinch Resources Ltd.:
Robert L. Gaylor
Executive Vice President, Investor Relations
T: 865-310-2353
www.clinchresources.com
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
Office: (646) 893-5835
Email: [email protected]
Source: Clinch Resources Ltd.