Atrum Coal offers a unique entry point into the rare and high value anthracite coal sector with the potential for substantial upside leverage tied to exploration success. We are developing the world’s largest high grade anthracite deposit with good access to infrastructure necessary for commercialisation.
Atrum has specifically targeted British Columbia as its initial project focus due to its relative:
By targeting high value anthracite in pro-mining geographies, Atrum seeks to minimize strategic risks associated with coal developments near population centers and tenure development issues. It also seeks to maximize the opportunities for strategic partnerships in development.
Atrum’s commercial conversion strategy includes a primary focus on near-surface underground and open cut targets which facilitate early production and a lower risk path through development to operation.
Within the context of the Company’s long term exploration and development strategy, Atrum may pursue opportunistic coal and infrastructure related transactions where they are income generating and accretive to shareholder value.
Atrum retains an executive team with a track record in identifying and commercializing world class coal deposits. It will continue to add technical bias as the exploration strategy unfolds.
Atrum has formed Joint Ventures with Atlantic Carbon Group PLC (“ACG”) to market and sell anthracite from ACG’s operations in north-easternn Pennsylvania, USA, to achieve greater access and exposure to international markets and provide cash flow for the development of Groundhog North.
It is part of a Joint Venture with Japan Oil, Gas & Metals National Corporation (“JOGMEC”) in relation to exploration at Atrum’s Panorama North coal project.
The sustained growth and development of North and South Asian economies, the high cost of metallurgical coke for steel production, the short supply of existing high grade anthracite and technological advances in anthracite processing technology, linked with the growing demands of strategic coal buyers, is creating substantial new opportunities for large scale long term supply of high grade anthracite.