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. As well, we are exploring other areas in Canada prospective for PCI and coking coals.
Atrum has specifically targeted Canada as its initial project focus due to its relative:
By targeting high value anthracite and other metallurgical coals in pro-mining geographies, Atrum seeks to minimize strategic risks associated with development of coal projects. It also seeks to maximize the opportunities for strategic partnerships in development.
Atrum’s 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.
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 and Panorama.
The company also has a Joint Venture with Japan Oil, Gas & Metals National Corporation (“JOGMEC”) in relation to exploration at Atrum’s Panorama North coal project. the company is seeking other JV partners for other projects.
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. Industrial uses of anthracite are also expanding – from water filtration to synthetic graphite.
Given the company’s projects are location in diverse geographical settings, management have elected to utilise the various permitting paths available to exploration companies in British Columbia and Alberta.