Clinch Resources Ltd. Announces Acquisition of a Highwall Miner for ARI Project
Clinch Resources Ltd. Announces Acquisition
of a Highwall Miner for ARI Project
Knoxville, Tennessee--(Newsfile Corp. - May 26, 2026) - Clinch Resources Ltd. (TSX: CLCH) ("Clinch"
or the "Company"), a metallurgical coal ("met coal") producer with mining assets in West Virginia, today
announced the acquisition and delivery of its first Caterpillar HW 300 Highwall Miner ("HWM") to its
Lanes Branch surface operation in Brenton, WV., with a second unit scheduled for delivery in the coming
months.
The addition of highwall mining capability represents significant expansion of the Company's extraction
methodology at its ARI project, each HWM is targeted to produce approximately 180,000 clean tons of
metallurgical coal per year once fully operational.
The Company's targeted cash cost per clean ton
produced for this unit is sub-$60.
Highwall Mining at ARI
Highwall mining is a highly efficient, surface-based extraction method that recovers coal from exposed
seam faces without requiring underground access. The Caterpillar HW 300 Highwall Miner unit will be
deployed across Clinch's ARI project footprint in southern West Virginia, complementing the Company's
existing operations at the Lanes Branch property and targeting coal resources that would otherwise be
uneconomic to recover through conventional methods.
Management Commentary
"The acquisition of our first Caterpillar HW 300 Highwall Miner marks another meaningful step in building
out our operational platform at ARI," said Jon Nix, Chief Executive Officer of Clinch Resources. "These
units allow us to efficiently access high-quality coking coal reserves across our 54,000-acre footprint that
are ideally suited to highwall mining techniques. With one unit, and a second in the coming months, we
are adding a low-capital, high-return production stream that strengthens our overall volume profile and
reinforces our path toward becoming a significant low-cost Central Appalachian met coal producer."
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 anticipated timing of first shipments of met coal, the planned integration of a
second equipment spread and the timing thereof, the expected ramp-up of operations and increase in
production capabilities, 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
E:
www.clinchresources.com
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
Office: (646) 893-5835
Email:
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https://www.newsfilecorp.com/release/298649